608 4TH ST, Springfield, OR 97477
- $699,000
- 1,792
- SqFt
- List Price
- $699,000
- Days on Market
- 19
- MLS#
- 479826573
- Property Type
- Multifamily
- Sqft. of Residence
- 1,792
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Lane Co: Springfield
- Status
- ACTIVE
Property Description
Outstanding investment opportunity in the heart of Springfield's desirable Washburne District. Situated on a corner lot with alley access, this well-maintained fourplex offers excellent income potential with the added possibility of future development. The City has indicated there may be room to build a duplex on the west side of the property; buyers are encouraged to perform their own due diligence regarding development potential.The property consists of four one-bedroom, one-bath units, each featuring a living room and kitchen. One of the four units have been substantially updated, with Unit 1 receiving a beautiful, complete remodel that includes red oak hardwood floors, granite countertops, all-new appliances, new electrical, and a new sink and toilet. Unit 2 features new flooring, appliances, windows, base cabinets, and countertops. Unit 3 has new laminate flooring and carpet, while Unit 4 offers red oak hardwood floors and vinyl windows.Additional improvements include a new roof installed in 2023, vinyl windows, a new water heater, and a shared laundry room with a new coin-operated washer and dryer. Tenants also enjoy abundant off-street concrete parking and the convenience of a Level 2 electric vehicle charger. The property is zoned Medium Density Residential, offering excellent long-term investment potential. Shown by accepted offer only.Seller pays $70 per month for exterminator, $23 gas, $36 electric, $100 gardener, $125 maid service for common areas. Laundry income is $70 per month.
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Additional Information
- Tax Amount
- $2,854
- Year Built
- 1910
- High School
- Springfield
- Elementary School
- Two Rivers
- Middle School
- Hamlin
- Acres
- 0.24
- Living Area
- 1,792
- Stories
- 2
- Subdivision
- WASHBURNE HISTORIC DISTRICT
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Baseboard, Wall Heater
- Hoa Rent Includes
- Sewer, Trash Collection
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- City
- Parking
- Paved
- Security Or Entry
- Entry
- Parking Description
- Paved
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1349
- Unit Type One Sq Ft
- 448
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 1
- Unit Type Three Rent
- 1262
- Unit Type Three Sq Ft
- 448
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 709
- Unit Type Four Sq Ft
- 448
- Unit Type Four Units Total
- 1
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Listing courtesy of RE/MAX Integrity.
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