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Sold on 09/20/2021
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542 Mill St, Springfield, OR 97477

  • $480,000

    Last sold 09/20/2021 after 7 Days

  • —

    bed

  • —

    bath

  • 1,734

    Sqft ($277/Sqft)

Multi-family not for sale
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About 542 Mill St

Property type Multi-family
Neighborhood
Year built 1947
HOA fee $0/month
Rental estimate
Property description
3 units in this extremely immaculate investment property with possibility of adding an ADU on large lot, check with city.All tenants have been neat clean and long term. Upstairs units are accessed from inside with private carpeted stairway. Down stairs unit has office space with Murphy pull-out for guests or additional bedroom. Just blocks away from downtown eateries, bus line, library and post office. Seller has kept up with all maintenance for over 25 years, re-siding and adding RV Parking.
Listed by
Listing Agent - Rae Diane Fish
Listing Office - Hybrid Real Estate
Source: RMLS mls logo
MLS#21066880 • last updated 4 years ago
Movoto checked RMLS for data 7 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Baseboard
MLS # 21066880
Type Multi Family
Status Sold
Property Tax 3192.56
Year Built 1947
Exterior
Roof Composition
Exterior Features Vinyl Siding
Lot Desc Corner Lot, Level
Amenities / Utilities
Hot Water Electricity, Tank
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Community Features Laundry
Area 249 - Lane Co: Springfield
Elementary School Centennial
Middle School Hamlin
High School Springfield
Zoning HD
Directions South On Pioneer PKWY, Right On Centennial, Left On Mill, Corner Of Mill And E St
APN 310423
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 1
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 1
Unit Type 3: # Bedrooms 1
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1166
Unit Type 3: Rent 635
Unit Type 2: Rent 600
Total # of Units 3
Gross Rent Multiplier 15.95
Net Operating Income 19616
Operating Expense 9196
Gross Income 28812
Cap Rate 4.27
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Oct 2021
    Public Records
  • Oct 27, 2021 Sold
    $480,000
  • Oct 2021
    mls logo MLS # 21066880
  • Oct 27, 2021 Sold
    $480,000 (+4.5%)
  • Sep 20, 2021 Pending
    —
  • Sep 13, 2021 Listed
    $459,500
  • 542 Mill St
    $480K
  • East Kelly Butte
    $363K -4% y/y
  • 97477
    $447K +4% y/y
  • Springfield
    $479K +3% y/y
No chart available
Statistics calculated by Movoto

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4/10
Centennial Elementary School
public Grades K-5
Springfield School District 19
2/10
Hamlin 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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