4137-4139 Bluebelle Way

Sold 2/3/26
Sold 2/3/26
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Last Sold Price
$390,000
1,820 sqft$214/sqft
4137-4139 Bluebelle Way, Springfield, OR 97478

Description

Excellent opportunity for an investment purchase with leased units, and value-add opportunity. These 2-bedroom units rarely have vacancies; superb location, close to schools, parks, and shopping. Property is in average condition, but does have some value at opportunities for increased future rents. One car garage attached to both units with fenced backyard. Property is under professional management with longtime Tenant.Excellent opportunity for an investment purchase with leased units, and value-add opportunity. These 2-bedroom units rarely have vacancies; superb location, close to schools, parks, and shopping. Property is in average condition, but does have some value at opportunities for increased future rents. One car garage attached to both units with fenced backyard. Property is under professional management with longtime Tenant.
LISTING CLOSED: 02/03/2026 12:00 AM

  1. Listed by Brent Cole • Triple Oaks Realty LLC • 541-556-5093

Property Details for 4137-4139 Bluebelle Way

Status
Sold
MLS #
779610423
Days on Market
111
Taxes
$3,652 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi Family
Year Built
1974
Lot Size
0.17 AC / 7,405 SF
County
Lane County
Parking Features
Garage
Zoning
R2
Garage Spaces
2.00
Parking Total
2.00
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Location

Listing Courtesy of Triple Oaks Realty LLC

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Building Information for 4137-4139 Bluebelle Way

Stories1Residences2Year Built1974Building Size-Lot Size0.17 AC / 7,405 SF

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$2,287 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,982

Property Taxes

$304

HOA Dues

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Property Information for 4137-4139 Bluebelle Way

Summary
Location and General Information
  • Country: US
  • Directions: Main St, to 40th, to Bluebelle
  • Road Surface: Concrete
School Information
  • Elementary School: Douglas Gardens
  • High School: Springfield
  • Middle Or Junior School: Agnes Stewart
Taxes and HOA
  • Management Name: Empire Property Management
  • Tax Year: 2025
  • Tax Annual Amount: $3,651.83
  • Parcel Number: 1099322
  • Tax Legal Description: 17-02-32-33-02417
Property
Lot Information
  • Acres: 0.17
  • Lot Description: Level
  • Lot Size Square Feet: 7405.0
  • 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: 1974
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 1
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $32,520.00
  • Gross Rent Multiplier: $12.27
  • Investor Information: Leases
  • Net Income Actual: $24,155.00
  • Operating Expense: $8,365.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1820
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,220
  • Unit Type 1 SqFt: 910.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,490
  • Unit Type 2 SqFt: 910.0
  • Unit Type 2 Units Total: 1

Schools near 4137-4139 Bluebelle Way

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Douglas Gardens Elementary School
Public - K to 5
Agnes Stewart Middle School
Public - 6 to 8
Springfield High School
Public - 9 to 12
Mohawk Elementary School
Public - K to 5
Rating
School
Distance
Douglas Gardens Elementary School
PublicK to 5

Agnes Stewart Middle School
Public6 to 8

Springfield High School
Public9 to 12

Mohawk Elementary School
PublicK to 5

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 4137-4139 Bluebelle Way, Springfield, OR 97478
$390,000
–
–
1,820
7,405
4137 Bluebelle Way, Springfield, OR 97478
$390,000
–
2
1,820
7,405
4133 Bluebelle Way, Springfield, OR 97478
$407,500
–
1,992
7,405
4133-4135 Bluebelle Way, Springfield, OR 97478
$407,500
–
–
1,992
7,405
4147 Bluebelle Way, Springfield, OR 97478
$162,500
–
1,992
7,405
290 South 41st Place, Springfield, OR 97478
–
–
1,992
7,841

Explore Nearby Homes

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 Triple Oaks Realty LLC

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: 02/03/2026 12:52 PM