Movoto Real Estate
Sold on 09/05/2025
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495 52nd St, Springfield, OR 97478

  • $499,900

    Last sold 09/05/2025 after 28 Days

  • bed

  • bath

  • 1,600

    Sqft ($312/Sqft)

Multi-family not for sale
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About 495 52nd St

Property type Multi-family
Neighborhood
Year built 1975
HOA fee $0/month
Lot size 8,712 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Best Duplex Value in Lane County — Now Under $500K!Priced at $499,900, this Springfield duplex is offered As-Is and priced for a quick sale and close. It delivers strong income with long-term upside on a desirable corner lot. Each unit is a 2 bed/1 bath featuring updated kitchens and baths (2020 & 2022), indoor laundry, and private garages. The exterior was freshly painted in 2024, making this a turnkey, low-maintenance property.Both tenants are on month-to-month leases with professional management, producing reliable income today and offering flexibility for an owner-occupant. Current rents total ~$3,200+/month, giving investors nearly a 6% cap rate at the new price point.The property offers large front and oversized side yards, RV parking, and room for future additions or an ADU (buyer to verify). This combination of condition, cash flow, and expansion potential makes it one of the strongest duplex opportunities in the county. Conveniently located near schools, shopping, parks, and freeway access, this duplex offers both stability and growth potential. Whether you’re a seasoned investor or a buyer looking to live in one unit while renting the other, this is a rare value.Seller is a Licensed Broker in the State of Oregon.
Listed by
Listing Agent - Amanda Hanson
Listing Office - Assist 2 Sell-Buyers & Sellers
Source: RMLS mls logo
MLS#673727097 • last updated 9 months ago
Movoto checked RMLS for data 6 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Ceiling, Ductless
MLS # 673727097
Type Multi Family
Virtual Tour N/A
Status Sold
Lot Size (SqFt) 8712
Lot Size (Acres) 0.2
Property Tax 3029.74
Year Built 1975
Exterior
Roof Composition
# Parking Spaces 4
# Garage Spaces 2
Exterior Features Wood Siding
Lot Desc CornerLot, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Mountain, TreesWoods
County Lane
Area 239 - Lane Co: Thurston
Elementary School Riverbend
Middle School Agnes Stewart
High School Thurston
Zoning R-1
Directions Main St To 51st, Right On B Street, Left On 52nd, Duplex On Corner Of D/52nd
APN 1069309
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 1595
Unit Type 2: Rent 1620
Total # of Units 2
Gross Rent Multiplier 12.96
Net Operating Income 32522
Operating Expense 6058
Gross Income 38580
Cap Rate 6.51
We are not permitted to show value estimates for this property.
  • Oct 2025
    mls logo MLS # 673727097
  • Oct 23, 2025 Sold
    $499,900
  • Sep 5, 2025 Pending
  • Aug 28, 2025 Price Change
    $499,900 (-8.2%)
  • Aug 24, 2025 Price Change
    $544,400 (-5.3%)
  • Aug 22, 2025 Price Change
    $575,000 (-3.4%)
  • Aug 8, 2025 Listed
    $595,000 (+80.3%)
  • Oct 2025
    Public Records
  • Oct 9, 2025 Sold
    $499,900
  • Jul 2020
    Public Records
  • Jul 15, 2020 Sold
    $330,000
  • Jul 2020
    mls logo MLS # 20004936
  • Jul 15, 2020 Sold
    $330,000 (+3.4%)
  • Apr 15, 2020 Pending
  • Apr 2, 2020 Listed
    $319,000
  • 495 52nd St
    $499K
  • East Main
    $399K +5% y/y
  • 97478
    $489K +4% y/y
  • Springfield
    $472K +5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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