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Carrie Warlaumont

carriewarlaumont@epique.me +1(503) 803-3812

Listed by RE/MAX Integrity • 541-345-8100

$ 699,000

Est. payment | -/mo

1,792 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

1,792 SqFt

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

View City

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 803-3812

carriewarlaumont@epique.me

1026 SW Greenburg Rd Fl 4, Portland, OR, 97223

608 4TH ST Springfield, OR 97477