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Sold on 04/24/2025
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3211 S E Ct, Springfield, OR 97478

  • $445,000

    Last sold 04/24/2025 after 48 Days

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    bed

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    bath

Multi-family not for sale
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About 3211 S E Ct

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Parking 2 garage spaces
Rental estimate
Property description
Great investment duplex property! Long term tenants and good rental history Rents 1,195 and 1,190, One unit will be vacant at the end of March. Rent can be raised to market rate with your new tenant or use it as an owner occupied unit. Exterior paint 5 years ago. Tenants have been in place since 2019 and 2020., Both tenants treat the property as their own and take care of whatever they are able to do. Property is in good condition with some updating and upgrades. Property manager said this property is always easy to rent. Please do not disturb the tenants. Seller intends to perform a 1031 exchange at no additional cost to Buyer. Buyer agrees to cooperate with Seller to facilitate the exchange. One side will be vacant April 1st 2025.
Listed by
Listing Agent - Rick Richardson
Listing Office - Rick Richardson Real Estate Sv
Source: RMLS mls logo
MLS#374287986 • last updated 1 year ago
Movoto checked RMLS for data 3 minutes ago
Overview
Cooling/AC None
Heating Radiant
MLS # 374287986
Type Multi Family
Status Sold
Property Tax 3370.35
Year Built 1977
Exterior
# Parking Spaces 2
# Garage Spaces 2
Exterior Features Plywood, T111Siding
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 249 - Lane Co: Springfield
Elementary School Douglas Gardens
Middle School Agnes Stewart
High School Springfield
Zoning R1
Directions Main Steet, South On 32nd Left On South E Court.
APN 1156957
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1155
Unit Type 2: Rent 1150
Total # of Units 2
Gross Rent Multiplier 16.45
Net Operating Income 24290
Operating Expense 3371
Gross Income 27660
Cap Rate 5.34
We are not permitted to show value estimates for this property.
  • May 2025
    mls logo MLS # 374287986
  • May 18, 2025 Sold
    $445,000 (-2.2%)
  • Apr 25, 2025 Pending
    —
  • Mar 7, 2025 Listed
    $455,000
  • 3211 S E Ct
    $445K
  • Mid-Springfield
    $356K -4% y/y
  • 97478
    $494K +1% y/y
  • Springfield
    $459K -1% 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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