Movoto Real Estate
Sold on 10/22/2024
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603 61st St, Springfield, OR 97478

$435,000

Last sold 10/22/2024 for $380K

  • —

    bed

  • —

    bath

  • 1,872

    Sqft ($203/Sqft)

Multi-family not for sale

About 603 61st St

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
INVESTOR ALERT! Discover a fantastic opportunity with this multi-family property at 603-605 61st St in Springfield, Oregon. This new listing offers two bedrooms and one and a half bathrooms, making it perfect for those looking to invest or live in a bustling neighborhood. The property's renovation potential opens up endless possibilities to add value and create your dream space.Located in a vibrant area, you'll find Thurston High School just a short walk away, ideal for families with teenagers. Nature lovers will appreciate the proximity to Thurston Park, perfect for outdoor activities and relaxation. Convenience is key with Albertsons grocery store nearby for all your shopping needs.The property's price point makes it an attractive option for first-time buyers or investors looking to expand their portfolio. With ample parking available, you'll never have to worry about finding a spot for your vehicles. Plus, the potential for rental income makes this a smart investment opportunity.Public transportation is easily accessible, with Thurston Station just a short distance away, connecting you to the wider Springfield area. Don't miss out on this chance to own a versatile property in a thriving community!
Listed by
Listing Agent - Sandra Boyst
Listing Agent Contact: ICON@TheICONREGroup.com
Listing Office - ICON Real Estate Group
Source: RMLS mls logo
MLS#24322047 • last updated 1 year ago
Movoto checked RMLS for data 3 minutes ago
Overview
Heating Ceiling, Zoned
MLS # 24322047
Type Multi Family
Status Sold
Lot Size (SqFt) 6534
Lot Size (Acres) 0.15
Property Tax 3435.04
Year Built 1974
Exterior
Roof Composition
# Garage Spaces 2
Exterior Features Other
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 239 - Lane Co: Thurston
Elementary School Ridgeview
Middle School Thurston
High School Thurston
Zoning LD
Directions High Banks Rd, Right On 61st
APN 138840
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 1500
Unit Type 2: Rent 1500
Total # of Units 2
Gross Rent Multiplier 10.42
Net Operating Income 32500
Operating Expense 3434
Gross Scheduled Income 36000
Gross Income 36000
Cap Rate 8.67
Net Scheduled Income 32500
$435K
Range: $352K-$517K
Last 30 days 
Rental est.: $1,569/month
Gross rent multiplier: 20.2
  • Nov 2024
    mls logo MLS # 24322047
  • Nov 12, 2024 Sold
    $380,000
  • Oct 22, 2024 Pending
    —
  • Oct 15, 2024 Listed
    $375,000 (+138.9%)
  • Nov 2024
    Public Records
  • Nov 12, 2024 Sold
    $380,000 (+1.3%)
  • Dec 2002
    Public Records
  • Dec 26, 2002 Sold
    $157,000
  • Year Property taxes Tax assessment
  • 2024
    $3,588 +4.4%
    $193,072 +3.0%
  • 2023
    $3,435 +3.4%
    $187,449 +3.0%
  • 2022
    $3,323 +1.8%
    $181,990 +3.0%
  • 2021
    $3,263 +3.0%
    $176,690 +3.0%
  • 2020
    $3,168 +3.1%
    $171,544 +3.0%
  • 2019
    $3,073 +6.1%
    $166,548 +6.09%
  • 2018
    $2,896 +4.0%
    $156,988
  • 2017
    $2,785 +2.1%
    $156,988 +3.0%
  • 2016
    $2,727 +2.9%
    $152,416
  • 2015
    $2,649
    —
  • 603 61st St
    $380K
  • Thurston
    $439K -6% y/y
  • 97478
    $469K -4% y/y
  • Springfield
    $439K -4% y/y
No chart available
Statistics calculated by Movoto

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

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