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Listed by RE/MAX Integrity • 541-345-8100
$699,000
Est. payment /mo
1,792 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $390
Subdivision Washburne Historic District
MLS Listing ID 479826573
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,854
Tax Year 2025
Lot Size 10,454 Sqft
Property Description
Outstanding investment opportunity in the heart of Springfield's desirable Washburne District. Situated on a corner lot with alley access, this well-maintained fourplex offers excellent income potential with the added possibility of future development. The City has indicated there may be room to build a duplex on the west side of the property; buyers are encouraged to perform their own due diligence regarding development potential.The property consists of four one-bedroom, one-bath units, each featuring a living room and kitchen. One of the four units have been substantially updated, with Unit 1 receiving a beautiful, complete remodel that includes red oak hardwood floors, granite countertops, all-new appliances, new electrical, and a new sink and toilet. Unit 2 features new flooring, appliances, windows, base cabinets, and countertops. Unit 3 has new laminate flooring and carpet, while Unit 4 offers red oak hardwood floors and vinyl windows.Additional improvements include a new roof installed in 2023, vinyl windows, a new water heater, and a shared laundry room with a new coin-operated washer and dryer. Tenants also enjoy abundant off-street concrete parking and the convenience of a Level 2 electric vehicle charger. The property is zoned Medium Density Residential, offering excellent long-term investment potential. Shown by accepted offer only.Seller pays $70 per month for exterminator, $23 gas, $36 electric, $100 gardener, $125 maid service for common areas. Laundry income is $70 per month.
Location
State OR
County Lane
Community Laundry
Area _249
Zoning Muli
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Wall Heater
Exterior
Community Features Laundry
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Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Two Rivers
Middle Schools Hamlin
High Schools Springfield
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby School & Business
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