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Sold on 08/04/2021
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4050 Southway Loop, Springfield, OR 97478

  • $392,000

    Last sold 08/04/2021 for $422K

  • —

    bed

  • —

    bath

  • 1,992

    Sqft ($212/Sqft)

Multi-family not for sale
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About 4050 Southway Loop

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Solid duplex with great rental history. Both units are 2 bed 1 1/2 bath with many updates, fenced yards and garages. Roof and gutters were installed in 2017. Units have vinyl windows and the siding has been replaced in the last 10 years. Priced to move quickly. Open House Sunday (08/01) 1:00-3:00pm.
Listed by
Listing Agent - Laura Desmond
Listing Office - Eugene Track Town Realtors LLC
Source: RMLS mls logo
MLS#21149860 • last updated 4 years ago
Movoto checked RMLS for data 8 minutes ago
Overview
Heating Ceiling
MLS # 21149860
Type Multi Family
Status Sold
Property Tax 3410.6
Year Built 1974
Exterior
Roof Composition
Exterior Features Cement Siding, Panel, Plywood
Lot Desc Level
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 South On 41st Right On Southway Loop To Property On Right.
APN 1098944
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1200
Unit Type 2: Rent 1200
Total # of Units 2
Gross Rent Multiplier 13.89
Operating Expense Scheduled 5000
Net Operating Income 23800
Operating Expense 5000
Gross Scheduled Income 28800
Gross Income 28800
Cap Rate 5.95
$392K
Range: $341K-$442K
Last 30 days 
Rental est.: $1,558/month
Gross rent multiplier: 22.6
  • Sep 2021
    Public Records
  • Sep 7, 2021 Sold
    $422,000
  • Sep 2021
    mls logo MLS # 21149860
  • Sep 7, 2021 Sold
    $422,000 (+5.5%)
  • Aug 4, 2021 Pending
    —
  • Jul 29, 2021 Listed
    $400,000 (+102.5%)
  • Mar 2017
    Public Records
  • Mar 3, 2017 Sold
    $197,500
  • Feb 2017
    mls logo MLS # 16464526
  • Feb 3, 2017 Sold
    $197,500 (-0.8%)
  • Dec 30, 2016 Pending
    —
  • Aug 19, 2016 Listed
    $199,000
  • 4050 Southway Loop
    $422K
  • Mid-Springfield
    $380K +5% y/y
  • 97478
    $493K +5% y/y
  • Springfield
    $475K +5% y/y
No chart available
Statistics calculated by Movoto

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8/10
Douglas Gardens Elementary School
public Grades K-5
Springfield School District 19
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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