1152 Main Street

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$2,100,000
1152 Main St, Springfield, OR 97477
Est: $11,987/moGet pre-approved

Description

Unlock the potential of this exceptional redevelopment opportunity w/ a property ideally suited for conversion into much-needed apartments. Located in a highly desirable area w/ convenient access to downtown Springfield, the University of Oregon, major employers, shopping, dining, public transportation & everyday amenities, this property offers an outstanding foundation for investors seeking to capitalize on the growing demand for rental housing. Listed at under $100k per door this amazing opportunity...Unlock the potential of this exceptional redevelopment opportunity w/ a property ideally suited for conversion into much-needed apartments. Located in a highly desirable area w/ convenient access to downtown Springfield, the University of Oregon, major employers, shopping, dining, public transportation & everyday amenities, this property offers an outstanding foundation for investors seeking to capitalize on the growing demand for rental housing. Listed at under $100k per door this amazing opportunity will not last long! The existing hotel layout provides an ideal framework for apartment conversion w/ many units already having kitchenette plumbing in the walls, all furniture included, units each feature private bathrooms, spacious floor plans, mini refrigerators, on site laundry & storage. These features can streamline the transition into comfortable studio or one-bedroom apartments. The property has been extensively maintained & updated, offering peace of mind for future ownership. Recent improvements include a newly paved parking lot completed in 2024, a membrane roof replaced in 2020, a new shingle roof installed in 2022, fresh exterior paint, seven on-site storage units, ample parking including covered spaces & lots of parking. An additional highlight is the spacious owner's residence, which could be repurposed as a larger rental unit, leasing office or community amenity space. The residence features a private entrance, updated kitchen w/ granite countertops, luxury vinyl plank flooring, dining area, generous living room, fenced yard, ductless heating and cooling, remodeled bathroom, oversized bedroom with dual closets, private laundry, and direct access to the office. With strong fundamentals, significant infrastructure updates already completed & flexible redevelopment possibilities, this property presents an exceptional opportunity to create a high demand apartment community with outstanding upside potential!
LISTING UPDATED: 08/11/2026 08:57 AM

  1. Listed by Heather Tipler • Hybrid Real Estate

Property Details for 1152 Main Street

Status
Active
MLS #
477023850
Days on Market
12
Taxes
$15,757 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi Family
Year Built
1941
Lot Size
0.58 AC / 25,264 SF
County
Lane County
Parking Features
Covered, Open
Zoning
CC

Location

Listing Courtesy of Hybrid Real Estate
Add your commute

Building Information for 1152 Main Street

Stories2Residences26Year Built1941Building Size-Lot Size0.58 AC / 25,264 SF

Payment Calculator

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$11,987 per month

30 year fixed, 6.55% Interest

Principal and Interest

$10,674

Property Taxes

$1,313

HOA Dues

$0

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Property Information for 1152 Main Street

Summary
Location and General Information
  • Country: US
  • Directions: West on Main Street, building on the left between 11th and before 12th
  • Road Surface: Paved
School Information
  • Elementary School: Two Rivers
  • High School: Springfield
  • Middle Or Junior School: Hamlin
Taxes and HOA
  • Tax Annual Amount: $15,756.64
  • Parcel Number: 0316792
  • Tax Legal Description: 17-03-35-41-04200
Property
Lot Information
  • Acres: 0.58
  • Lot Description: Level
  • Lot Size Square Feet: 25264.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1941
Utilities
  • Cooling Description: Mini Split, Wall Unit
  • Fuel Description: Electricity
  • Heating Description: Ductless, Other
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Block, Stucco, Wood Siding
  • Roof Type: Composition, Membrane
Interior Features
  • Foundation Details: Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 26
  • Gross Income Actual: $350,000.00
  • Gross Rent Multiplier: $6.00
  • Net Income Actual: $200,000.00
  • Operating Expense: $150,000.00
  • Storage: Attached
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: Laundry
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Air Conditioning, Furnished, Microwave, Refrigerator
  • Unit Type 1 Rent: $1,000
  • Unit Type 1 SqFt: 180.0
  • Unit Type 1 Units Total: 25
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Air Conditioning, Range, Refrigerator, Storage
  • Unit Type 2 Rent: $1,500
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 1

Property History for 1152 Main Street

DateEvent & SourcePriceAppreciation
Jul 16, 2010

Sold (Public Record)

Public Record #1495179396

$610,000—
Jul 16, 2010

Sold (Public Record)

Public Record #292506274

$610,000—
DateEvent & SourcePrice
07/16/2010

Sold (Public Record)

Public Record #1495179396

$610,000
07/16/2010

Sold (Public Record)

Public Record #292506274

$610,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1152 Main Street

Taxable ValueLand-Additions-Total-
Tax Record2025$15,757 ($1,313 / month)
Home Facts
Lot Size25,813 SqFtStyleMiscellaneous CommercialZoningCCCountyLANEAPN0316792

Schools near 1152 Main Street

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Two Rivers Dos Rios Elementary School
Public - K to 5
Hamlin Middle School
Public - 6 to 8
Springfield High School
Public - 9 to 12
Gateways High School
Public - 9 to 12
Rating
School
Distance
Two Rivers Dos Rios Elementary School
PublicK to 5

Hamlin Middle School
Public6 to 8

Springfield High School
Public9 to 12

Gateways High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1152 Main Street, Springfield, OR 97477

1152 Main Street is a multi-family home for sale in Springfield, OR 97477. This property was listed for sale on July 30, 2026 by Hybrid Real Estate, it's currently listed at $2,100,000. It has been on the market for a total of 12 days and was last sold on July 16, 2010. This listing's school district is Springfield School District 19. Nearby schools include Two Rivers Dos Rios Elementary School, Hamlin Middle School and Springfield High School. 1152 Main Street is a 0-bed, 0-bath, multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hybrid Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 08/11/2026 08:57 AM