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Sold on 09/01/2022
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246 S 42nd St, Springfield, OR 97478

$460,000

Last sold 09/01/2022 after 14 Days

  • —

    bed

  • —

    bath

  • 2,138

    Sqft ($215/Sqft)

Multi-family not for sale
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About 246 S 42nd St

Property type Multi-family
Neighborhood
Year built 2015
HOA fee $0/month
Rental estimate
Property description
Owner Occupant Duplex Opportunity. This duplex built in 2015 offers a rare opportunity to occupy one side and rent out the other without needing to remove a tenant. Short walk to bus line and shopping centers. DO NOT DISTURB OCCUPANTS.
Listed by
Listing Agent - Jared Hicks
Listing Office - Next Phase Realty
Source: RMLS mls logo
MLS#22647262 • last updated 4 years ago
Movoto checked RMLS for data 13 minutes ago
Overview
Cooling/AC None
Heating Wall Furnace
MLS # 22647262
Type Multi Family
Status Sold
Property Tax 3910.44
Year Built 2015
Exterior
Roof Composition
Exterior Features Cement Siding, Lap Siding, T-111 Siding
Lot Desc Cul-de-sac, Level, On Busline
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 239 - Lane Co: Thurston
Elementary School Douglas Gardens
Middle School Agnes Stewart
High School Springfield
Zoning MD
Directions Main St To 42nd
APN 1836509
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1445
Total # of Units 2
Gross Rent Multiplier 28.84
Operating Expense Scheduled 4000
Net Operating Income 13340
Operating Expense 4000
Gross Scheduled Income 36000
Gross Income 17340
Cap Rate 2.67
Net Scheduled Income 32000
Lot/ Land Details
Road Surface Concrete, Paved
We are not permitted to show value estimates for this property.
  • Sep 2022
    mls logo MLS # 22647262
  • Sep 9, 2022 Sold
    $460,000
  • Sep 1, 2022 Pending
    —
  • Aug 18, 2022 Listed
    $500,000 (+85.2%)
  • Sep 2022
    Public Records
  • Sep 9, 2022 Sold
    $460,000 (-8.0%)
  • Oct 2015
    Public Records
  • Oct 21, 2015 Sold
    $270,000
  • Year Property taxes Tax assessment
  • 2024
    $4,299 +4.4%
    $231,373 +3.0%
  • 2023
    $4,116 +3.4%
    $224,634 +3.0%
  • 2022
    $3,982 +1.8%
    $218,092 +3.0%
  • 2021
    $3,910 +3.0%
    $211,740 +3.0%
  • 2020
    $3,796 +3.1%
    $205,573 +3.0%
  • 2019
    $3,682 +6.1%
    $199,586 +6.09%
  • 2018
    $3,471 +4.0%
    $188,129
  • 2017
    $3,338 +51.6%
    $188,129 +52.82%
  • 2016
    $2,202 +218.9%
    $123,106
  • 2015
    $691
    —
  • 246 S 42nd St
    $460K
  • Mid-Springfield
    $358K -7% y/y
  • 97478
    $473K -3% y/y
  • Springfield
    $449K -2% y/y
No chart available
Statistics calculated by Movoto

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

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