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455 S 38th St, Springfield, OR 97478

$580,826

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Property Description

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!

455 S 38th St | MLS# 236528166

This multi-family property located at 455 S 38th St, Springfield, OR 97478 is currently listed for sale with an asking price of $580,826. Search Springfield real estate on jandavey.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: MiniSplit
Fuel Type: Electricity
Heating: Ductless, WallHeater
Roof Type: Composition
Stories: 2.0
Taxes: $2,801
Year Built: 1942
Square Feet: 1,500

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 3
Features: AirConditioning, Dishwasher, Disposal, Refrigerator
Rent: $1795.00
Square Footage: 1038
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $1295.00
Square Footage: 462
Total Units: 1

Feature Descriptions

Days on Site: 124
Exterior: Lap Siding
Gross Income: $37080.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $34279.00 (Actual)
Parking: Driveway
Parking Notes: Driveway
Sewer: Public Sewer
Storage: Garage
Units: 2
Water: Public Water

Local Schools

High School: Springfield
Middle School: Agnes Stewart
Elementary School: Douglas Gardens

Listed By / Shown By

Listed By

Agency Name: Tim Duncan Real Estate
Agency Contact: tim@timduncanre.com

Shown By

Agent Name: Jan Davey, Broker
Agent Phone: (541) 390-1609
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 3,339.80 per month $2,936.97 Principal & Interest $233.42 Property Tax $169.41 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 12:00:21 AM EST) or RMLS (last updated Fri 04/17/2026 2:17:06 PM EST) or COAR/MLSCO (last updated Fri 04/17/2026 11:51:25 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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