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Sold on 11/01/2017
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228 S 53rd St, Springfield, OR 97478

  • $345,000

    Last sold 11/01/2017 after 378 Days

  • —

    bed

  • —

    bath

  • 3,312

    Sqft ($104/Sqft)

Multi-family not for sale
Movoto is helping 12 homebuyers near you

About 228 S 53rd St

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Rental estimate
Property description
INVESTOR ALERT! Great 4-Plex with history of low occupancy rate. 2 Units are 3 bed 1 bath 864 SQ ft and 2 Units are 2 bed 1 bath 792 sq ft. Please do not disturb tenants! New roof and new fence, new vinyl windows, recent updates on 3 units, on-site laundry, large storage area. Conveniently located near bus lines and grocery stores.
Listed by
Listing Agent - Sandra Boyst
Listing Agent Contact: ICON@TheICONREGroup.com
Listing Office - Icon Real Estate Group
Source: RMLS mls logo
MLS#16340899 • last updated 5 years ago
Movoto checked RMLS for data 40 minutes ago
Overview
Heating Ceiling
MLS # 16340899
Type Multi Family
Status Sold
Property Tax 3709.36
Year Built 1973
Exterior
Roof Composition
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Community Features Laundry
Area 239 - Lane Co: Thurston
Elementary School Mt Vernon
Middle School Agnes Stewart
High School Thurston
Zoning MD
Directions Main To S 53rd
APN 136919
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 995
Unit Type 4: Rent 825
Unit Type 3: Rent 825
Unit Type 2: Rent 995
Total # of Units 4
Gross Rent Multiplier 11.56
Operating Expense Scheduled 10428
Net Operating Income 22022
Operating Expense 10428
Gross Scheduled Income 43680
Gross Income 32450
Cap Rate 5.87
Net Scheduled Income 33252
We are not permitted to show value estimates for this property.
  • Jan 2018
    mls logo MLS # 16340899
  • Jan 12, 2018 Sold
    $382,000 (+17.5%)
  • Mar 29, 2017 Pending
    —
  • Oct 19, 2016 Listed
    $325,000
  • 228 S 53rd St
    $345K
  • East Main
    $429K -3% y/y
  • 97478
    $494K +1% y/y
  • Springfield
    $459K -1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Mt Vernon Elementary School
public Grades K-5
Springfield School District 19
5/10
Agnes Stewart Middle School
public Grades 6-8
Springfield School District 19
4/10
Thurston High School
public Grades 9-12
Springfield School District 19
Source: GreatSchools.org © 2026. All rights reserved.

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