495 52ND ST Pending Save Request In-Person Tour Request Virtual Tour
Springfield,OR 97478
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $312
MLS Listing ID 673727097
Year Built 1975
Annual Tax Amount $3,029
Tax Year 2024
Lot Size 8,712 Sqft
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.
Location
State OR
County Lane
Area _239
Zoning R-1
Rooms
Basement Crawl Space
Interior
Heating Ceiling, Ductless
Cooling Wall Unit
Exterior
Garage Spaces 2.0
View Mountain, Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Trees
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Riverbend
Middle Schools Agnes Stewart
High Schools Thurston
Others
Acceptable Financing Cash,Conventional,FHA,VALoan
Listing Terms Cash,Conventional,FHA,VALoan
Virtual Tour https://https-www-nwphotosandmedia-com.aryeo.com/sites/enjbpon/unbranded