$500,000

455 S 38TH St, Springfield, OR 97478

1,500 sqft

Multi-Family Home
Built in 1942
7,841sqft lot
—— car garage
$333/sqft
Listed 5 days ago

Property Description

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.

Listing Status:: Active
Date Added:: December 14, 2025 at 06:00AM
Listing Office:: Tim Duncan Real Estate : 541-284-3741
Listing Agent:: Tim Duncan : 541-968-8469
MLS ID:: 236528166

Basement: Crawl space
A/C: Mini split
Heating: DuctlessWall heater

General: Lap siding
Parking: DrivewayParking spaces: 6

Roofing: Composition

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Lane

Zoning: R117-02-31-44-016210125276

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Tim Duncan, Tim Duncan Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Douglas Gardens Elementary School

3680 Jasper Rd, Springfield, OR, 97478

Grades KG-5

0.45 miles away

Agnes Stewart Middle School

900 S 32nd St, Springfield, OR, 97478

Grades 6-8

0.64 miles away

Springfield High School

875 7th St, Springfield, OR, 97477

Grades 9-12

2.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.