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$499,900
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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.
Full Property Details
Full Property Details for 495 52nd St
General
- Sold For: $499,900
- Taxes: $3,029 (2024)
- Status: Sold
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 673727097
- Added to Site: 161 day(s) ago
Rental Information
- Rent Includes: None
Additional Information
- Security/Safety: Security Lights
Parking
- Garage: Yes
- Total Spaces: 4
- Parking Features: Driveway, Garage
Location
- County: Lane
- Driving Directions: Main st to 51st, right on B street, left on 52nd, Duplex on corner of D/52nd
School Information
- Midd School District: Agnes Stewart
- Elementary School: Riverbend
- Middle School: Agnes Stewart
- High School: Thurston
Community
- Community Name: 239 - Lane Co: Thurston
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall Unit(s)
- Heating Type: Ceiling, Ductless
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Crawl Space
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,600
- Year Built: 1975
- Property Condition: Approximately
Lot Features
- Lot Size (Acres): 0.2
- Lot Size (Sq. Ft.): 8,712
- Lot Size: 7, 000 to 9, 999 SqFt
- Lot Features: Corner Lot, Trees
Financial Considerations
- Operating Expenses: $6,058
- Tax Amount: $3,029.74
- Tax Year: 2024
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 1069309
Listed by Assist 2 Sell-Buyers & Sellers (541) 461-2222, Amanda Hanson (541) 461-2222
Sold by Triple Oaks Realty LLC (541) 636-3666, Brent Cole
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Schools
Schools serving 495 52nd St
School District:Springfield School District 19
| Name | Grades | Distance |
|---|---|---|
Riverbend Elementary School, Springfield, OR 320 North 51st Street, Springfield, OR 97478 | K-5 | 0.2 mi |
Agnes Stewart Middle School 900 South 32nd Street, Springfield, OR 97478 | 6-8 | 2.3 mi |
Thurston High School 333 58th Street, Springfield, OR 97478 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 495 52nd St
Date
Details
Price
Change
Source
10/09/2025
Sold
$499,900
—
MLS
8/28/2025
Price Reduced
$499,900
-8.17%
MLS
8/24/2025
Price Reduced
$544,400
-5.32%
MLS
8/22/2025
Price Reduced
$575,000
-3.36%
MLS
8/08/2025
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
495 52nd St, Springfield, OR 97478 (MLS# 673727097) is a Multi-Family property that was sold at $499,900 on October 09, 2025. Want to learn more about 495 52nd St? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.

