About This Home
This 4-bedroom, 4-bathroom residential multi family at 608 4TH St in Springfield, OR is listed for $699,000 ($390 per sqft). Built in 1910, the home offers 1,792 sqft of living space on a 0.24 acres lot.
Key Features
- Built in 1910
- 0.24 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$3,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
608 4TH St
Springfield, OR 97477
WASHBURNE HISTORIC DISTRICT
Property Details
Views
Heating
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 608 4TH St is listed at $699,000 ($390/sqft). The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910, 0.24 acre lot, 2 stories.
This property is listed by Renee Swartz and can be reached at 5413024884.
