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215 SMITH LOOP Springfield, OR $ 525,000
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215 SMITH LOOP
$ 525,000
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215 SMITH LOOP

Springfield, OR, 97478
$ 525,000
Bedrooms6 Baths4.0 Sq 2,268

Monthly Estimate*

$ 3,233

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Multi-Family Home for sale in Springfield, OR

for $525,000 with 6 bedrooms and 4 full baths. This 2,268 square foot home was built in 1993 on a lot size of 0.14.

Prime Thurston neighborhood duplex — a rare chance to own a turnkey income property with a built-in value-add play.This exceptional, well-maintained duplex offers 2,268 square feet of total living space across two generously sized units. Each side features a spacious 3-bedroom, 1.5-bathroom layout , situated on a 6,098 SF lot in one of Springfield's most sought-after neighborhoods. Built in 1993 and zoned MD – Medium Density Residential, this property checks every box for investors, house-hackers, and landlords alike.Both unit are tenant-occupied and generating $1,260/month and $1725/month in immediate rental income.Investors will appreciate the significant recent upgrades, including brand-new siding, windows, and sliding doors, a solid roof that is only 4-5 years old, and new mini-split heating and AC systems for tenant comfort and energy efficiency.

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Multi-Family Active

Price

$ 525,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,480

Style

Lot Size

0.14

Year Built

1993

Town/City

Springfield

County/Region

Lane

MLS | Web ID

353491641
Features
General
Sewer PublicSewer
Heating MiniSplit
Cooling MiniSplit
Roof Shingle
Zoning MD
Garage Spaces 2.0
Year Built 1993
Stories Count 2
Tax Year 2025
Parcel Number 1286572
Gross Income 2985.0
County Lane
Net Operating Income 31339.0
Operating Expense 4481.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions 43rd St
High School Thurston
City Springfield
Disclosures Disclosure
Number Of Units Total 2
MLS Area _249
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional FHA OwnerWillCarry VALoan
Elementary School Riverbend
Tax Annual Amount 4480.9
Middle/Junior High School Agnes Stewart
Property Condition Unknown
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description FISHERS PLAT Sec/Twn/Rng/Mer: SEC 32 TWN 17 RNG 02
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Interior
Basement CrawlSpace
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 2
Unit 2 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Carport Driveway
Lot Features PublicRoad
Water Source PublicWater
Exterior Description LapSiding
Foundation Details Skirting
Building Area Total 2268.0
Lot Size Acres 0.14
Road Surface Type Paved
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Internal Only
Street Number 1 215
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* Excluded Features
List By
Real Broker

Broker

dan@theoperativegroup.com

Contact

Affordability Calculator

$3,606
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,233
Monthly Property Taxes
$373
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
1948972 Elementary School
1949178 Middle School
Thurston High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/2/2026$525,000 -4.55% Price Down
5/2/2026$550,000 Listed Price

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215 SMITH LOOP, Springfield, OR, 97478 is a Multi-Family Home for sale at $525,000 with 2,268 sqft and a lot size of 0.14. 215 SMITH LOOP has 6 bedrooms, 4.0 baths, and was built in 1993. The property's zip code is 97478 which is in Springfield, OR

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