228 S 53rd St

Beds
Baths
3,312 Sq. Ft.
$104 / Sq. Ft.
3,312
Sq. Ft.
$104
per Sq. Ft.

Description

Investor alert! Great 4-Plex with history of low occupancy rate. 2 Units are 3 bed 1 bath 864 SQ ft and 2 Units are 2 bed 1 bath 792 sq ft. Please do not disturb tenants! New roof and new fence, new vinyl windows, recent updates on 3 units, on-site laundry, large storage area. Conveniently located near bus lines and grocery stores.Investor alert! Great 4-Plex with history of low occupancy rate. 2 Units are 3 bed 1 bath 864 SQ ft and 2 Units are 2 bed 1 bath 792 sq ft. Please do not disturb tenants! New roof and new fence, new vinyl windows, recent updates on 3 units, on-site laundry, large storage area. Conveniently located near bus lines and grocery stores.
  1. Listed by Sandra Boyst • Icon Real Estate Group • ICON@TheICONREGroup.com
  2. Listed by Michael Boyst • ICON Real Estate Group

Property Details for 228 South 53rd Street

Parking Features
Open
Zoning
MD
LISTING CLOSED: 01/12/2018 12:00 AM

Property Details for 228 South 53rd Street

StatusSold
MLS #16340899
Days on Market378
Taxes$3,709 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1973
Lot Size-
CountyLane County

Location

Listing Courtesy of Icon Real Estate Group; ICON Real Estate Group

Sold By eXp Realty, LLC

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Building Information for 228 South 53rd Street

Stories2Residences4Year Built1973Building Size-Lot Size-

Payment Calculator

$2,063 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,754

Property Taxes

$309

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 228 South 53rd Street

Summary
Location and General Information
  • Country: US
  • Directions: Main to S 53rd
School Information
  • Elementary School: Mt Vernon
  • High School: Thurston
  • Middle Or Junior School: Agnes Stewart
Taxes and HOA
  • Tax Annual Amount: $3,709.36
  • Parcel Number: 0136919
  • Tax Legal Description: TL 04702
Property
Lot Information
  • Lot Description: Level
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1973
Utilities
  • Fuel Description: Electricity
  • Heating Description: Ceiling
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Roof Type: Composition
Interior Features
  • Foundation Details: Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $32,450.00
  • Gross Income Projected: $43,680.00
  • Gross Rent Multiplier: $11.56
  • Investor Information: According To Owner
  • Net Income Actual: $22,022.00
  • Net Income Projected: 33252
  • Operating Expenses Projected: $10,428.00
  • Operating Expense: $10,428.00
  • Storage: Attached
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 3312
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Range, Refrigerator, Window Coverings
  • Unit Type 1 Rent: $995
  • Unit Type 1 SqFt: 864.0
  • Unit Type 1 Units Total: 4
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Deck, Range, Refrigerator, Window Coverings
  • Unit Type 2 Rent: $995
  • Unit Type 2 SqFt: 864.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Deck, Range, Refrigerator, Window Coverings
  • Unit Type 3 Rent: $825
  • Unit Type 3 SqFt: 792.0
  • Unit Type 3 Units Total: 3
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator, Window Coverings
  • Unit Type 4 Rent: $825
  • Unit Type 4 SqFt: 792
  • Unit Type 4 UnitsTotal: 1

Property History for 228 South 53rd Street

DateEvent & SourcePriceAppreciation
Jan 8, 2018

Sold (Public Record)

Public Record #613410937

$345,000

+1.9% / yr

Jul 6, 2007

Sold (Public Record)

Public Record #222368010

$282,500
DateEvent & SourcePrice
01/08/2018

Sold (Public Record)

Public Record #613410937

$345,000

+1.9% / yr

07/06/2007

Sold (Public Record)

Public Record #222368010

$282,500

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

Public Records for 228 South 53rd Street

Taxable ValueLand-Additions-Total-
Tax Record2025$5,129 ($427 / month)
Home Facts
Baths4Total Finished SqFt3,312 SqFtAbove Grade Finished SqFt3,312 SqFtStories2Lot Size10,019 SqFtStyleQuadraplexYear Built1973Year Renovated1982ZoningMD- MEDIUM DECountyLANEAPN17-02-33-34-04702-000

Schools near 228 South 53rd Street

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mt Vernon Elementary School
PublicK to 5

Agnes Stewart Middle School
Public6 to 8

Thurston 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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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 Icon Real Estate Group; ICON Real Estate Group

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: 11/09/2025 05:00 AM