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455 S 38TH ST Springfield, OR $ 500,000
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455 S 38TH ST
$ 500,000
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455 S 38TH ST

Springfield, OR, 97478
$ 500,000
Bedrooms4 Baths2.0 Sq 1,500

Monthly Estimate*

$ 3,119

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Multi-Family Home for sale in Springfield, OR

for $500,000 with 4 bedrooms and 2 full baths. This 1,500 square foot home was built in 1942 on a lot size of 0.18.

DO NOT DISTURB TENANTS. Turn key multi family property in the heart of Springfield ready to cash flow for the next owner. Sellers have completed extensive remodel in 2023 which included: New roof, int/ext paint, flooring, electrical, plumbing, heating & AC, crawlspace insulation & vapor guard, new attic insulation, bathrooms, kitchens, ect. Front house rents for $1,795, apartment over garage rents for $1,295 & is eligible for increase. Both units are M2M. House tenant moved in 12/2025. Property is likely eligible for 1-4 more units, buyer to verify with city. LOW taxes! Sellers are licensed realtors in Oregon.

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Multi-Family Active

Price

$ 500,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,800

Style

Lot Size

0.18

Year Built

1942

Town/City

Springfield

County/Region

Lane

MLS | Web ID

236528166
Features
General
Sewer PublicSewer
Heating Ductless WallHeater
Cooling MiniSplit
Roof Composition
Zoning R1
Year Built 1942
Stories Count 2
Tax Year 2025
Parcel Number 0125276
Gross Income 37080.0
County Lane
Net Operating Income 34279.0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions main st to south on 38th st house is on the left - no sign!
High School Springfield
City Springfield
Disclosures Disclosure
Number Of Units Total 2
MLS Area _249
Lot Size Square Feet 7840.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Douglas Gardens
Tax Annual Amount 2800.96
Middle/Junior High School Agnes Stewart
Property Condition Restored
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 17-02-31-44-01621
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Interior
Basement CrawlSpace
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 6.0
Exterior Description LapSiding
Building Area Total 1500.0
Lot Size Acres 0.18
Road Surface Type Paved
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Internal Only
Street Number 1 455
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* Excluded Features
List By
Tim Duncan Real Estate

Broker

tim@timduncanre.com

Contact

Affordability Calculator

$3,353
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$233
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1950734 Elementary School
1950618 Middle School
Springfield High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/14/2025$500,000 Listed Price

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455 S 38TH ST, Springfield, OR, 97478 is a Multi-Family Home for sale at $500,000 with 1,500 sqft and a lot size of 0.18. 455 S 38TH ST has 4 bedrooms, 2.0 baths, and was built in 1942. The property's zip code is 97478 which is in Springfield, OR

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