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215 Smith Loop, Springfield, OR 97478

  • $525,000

  • bed

  • bath

  • 2,268

    Sqft ($231/Sqft)

Multi-family for sale 11 days
$25K price drop
Movoto is helping 12 homebuyers near you

About 215 Smith Loop

Property type Multi-family
Neighborhood
Year built 1993
HOA fee $0/month
Lot size 6,098 Sqft
Parking 2 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Daniel Gandee
Listing Agent Contact: Dan@theoperativegroup.com
Listing Office - Real Broker
Source: RMLS mls logo
MLS#353491641 • last updated 1 week ago
Movoto checked RMLS for data 2 minutes ago
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Overview
Cooling/AC Mini Split
Heating Mini Split
MLS # 353491641
Type Multi Family
Status Active
Lot Size (SqFt) 6098
Lot Size (Acres) 0.14
Property Tax 4480.9
Year Built 1993
Exterior
Roof Shingle
# Garage Spaces 2
Exterior Features Lap Siding
Lot Desc Public Road
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 249 - Lane Co: Springfield
Elementary School Riverbend
Middle School Agnes Stewart
High School Thurston
Zoning MD
Directions 43rd St
APN 1286572
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1260
Unit Type 2: Rent 1725
Total # of Units 2
Gross Rent Multiplier 175.88
Net Operating Income 31339
Operating Expense 4481
Gross Income 2985
Cap Rate 5.97
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • OR
  • Lane County
  • Springfield
  • 97478
  • East Main
  • 215 Smith Loop

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