DO NOT DISTURB TENANTS. Turn key multi family property in the heart of Springfield ready to cash flow for the next owner. Sellers have completed extensive remodel in 2023 which included: New roof, int/ext paint, flooring, electrical, plumbing, heating & AC, crawlspace insulation & vapor guard, new attic insulation, bathrooms, kitchens, ect. Front house rents for $1,795, apartment over garage rents for $1,295 & is eligible for increase. Both units are M2M. House tenant moved in 12/2025. Property is likely eligible for 1-4 more units, buyer to verify with city. LOW taxes! Sellers are licensed realtors in Oregon.
Active
$500,000
455 S 38th St, Springfield, OR 97478
4beds
1,500sqft
Est.:
Multi Family
Built in 1942
-- sqft lot
$-- Zestimate®
$333/sqft
$-- HOA
What's special
New attic insulationHeating and acNew roof
- 1 day |
- 240 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: 23 hours ago
Listed by:
Tim Duncan tim@timduncanre.com,
Tim Duncan Real Estate
Source: RMLS (OR),MLS#: 236528166
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Ductless
Cooling
- Air Conditioning
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Range, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 7,840.8 Square Feet
- Features: Level, SqFt 7000 to 9999
Details
- Parcel number: 0125276
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Roof: Composition
Condition
- Restored
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $458,655
- Annual tax amount: $2,800
- Date on market: 12/14/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3090
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/14/2025 | Listed for sale | $500,000+143.9%$333/sqft |
Source:  RMLS (OR) #236528166 Report a problem | ||
| 12/9/2025 | Listing removed | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2025 | Price change | $1,795+5.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/28/2025 | Price change | $1,695-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2025 | Price change | $1,745-2.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,756 +29.3% | $148,297 +27.5% |
| 2023 | $2,132 +3.4% | $116,320 +3% |
| 2022 | $2,062 +1.8% | $112,933 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,957/mo
Principal & interest
$2453
Property taxes
$329
Home insurance
$175
Climate risks
Neighborhood: 97478
Nearby schools
GreatSchools rating
- 8/10Douglas Gardens Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Agnes Stewart Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Springfield High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Douglas Gardens
- Middle: Agnes Stewart
- High: Springfield
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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