OR > Springfield
Springfield, OR 97478,495 52ND ST
Springfield, OR 97478,495 52ND ST
Springfield, OR 97478,495 52ND ST
Springfield, OR 97478,495 52ND ST
Springfield, OR 97478,495 52ND ST
Springfield, OR 97478,495 52ND ST
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Geri And Tim Penner

Geri And Tim Penner

MORE Realty

+1(971) 777-0939
Listed by Assist 2 Sell-Buyers & Sellers
$ 499,900
Est. payment | /mo

1,600 SqFt

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$ 499,900
Est. payment | /mo
Save Virtual Tour

1,600 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $312

MLS Listing ID 673727097

Year Built 1975

Annual Tax Amount $3,029

Tax Year 2024

Lot Size 8,712 Sqft

Property Description

Best Duplex Value in Lane County — Now Under $500K!Priced at $499,900, this Springfield duplex is offered As-Is and priced for a quick sale and close. It delivers strong income with long-term upside on a desirable corner lot. Each unit is a 2 bed/1 bath featuring updated kitchens and baths (2020 & 2022), indoor laundry, and private garages. The exterior was freshly painted in 2024, making this a turnkey, low-maintenance property.Both tenants are on month-to-month leases with professional management, producing reliable income today and offering flexibility for an owner-occupant. Current rents total ~$3,200+/month, giving investors nearly a 6% cap rate at the new price point.The property offers large front and oversized side yards, RV parking, and room for future additions or an ADU (buyer to verify). This combination of condition, cash flow, and expansion potential makes it one of the strongest duplex opportunities in the county. Conveniently located near schools, shopping, parks, and freeway access, this duplex offers both stability and growth potential. Whether you're a seasoned investor or a buyer looking to live in one unit while renting the other, this is a rare value.Seller is a Licensed Broker in the State of Oregon.

Location

State OR

County Lane

Area _239

Zoning R-1

Rooms

Basement Crawl Space

Interior

Heating Ceiling, Ductless

Cooling Wall Unit

Exterior

Garage Spaces 2.0

View Mountain, Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Trees

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Riverbend

Middle Schools Agnes Stewart

High Schools Thurston

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://https-www-nwphotosandmedia-com.aryeo.com/sites/enjbpon/unbranded

Regional Multiple Listing Service (RMLS)
Geri And Tim Penner

+1(971) 777-0939

concierge@pennergroupproperties.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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