425 S 3rd St

Springfield, OR 97477

$375,000
Price
—
Beds
—
Baths
2,803 Sq. Ft.
$134 / Sq. Ft.
2,803
Sq. Ft.
$134
per Sq. Ft.

Description

Two Detached Homes on One Lot — Vacant Unit Ready for Move-InRare opportunity in a convenient Springfield location: two detached homes on one lot with a combined total of just over 2,800 sq. ft. The property includes a 3-bedroom main home plus a separate 2-bedroom residence, offering flexibility for multi-generational living or an owner-occupy/income strategy. Both homes need substantial work and are best suited for buyers looking for a true fixer with upside. One home has vinyl siding updates, but...Two Detached Homes on One Lot — Vacant Unit Ready for Move-InRare opportunity in a convenient Springfield location: two detached homes on one lot with a combined total of just over 2,800 sq. ft. The property includes a 3-bedroom main home plus a separate 2-bedroom residence, offering flexibility for multi-generational living or an owner-occupy/income strategy. Both homes need substantial work and are best suited for buyers looking for a true fixer with upside. One home has vinyl siding updates, but overall condition will require a comprehensive rehab. Close to schools, shopping, and everyday amenities with easy access to commuter routes. Please note: One unit is vacant and easy to show. The second unit is tenant-occupied—please do not disturb the tenants.
  1. Listed by Mack Spear • Kelly Right Real Estate of Portland, LLC
  2. Listed by Melissa Burman • Kelly Right Real Estate of Portland, LLC

Property Details for 425 South 3rd Street

Zoning
LD
Garage Spaces
2.00
Parking Total
4.00
LISTING UPDATED: 01/22/2026 09:29 AM

Property Details for 425 South 3rd Street

StatusActive
MLS #588015404
Days on Market1
Taxes$3,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1942
Lot Size0.18 AC / 7,840 SF
CountyLane County

Location

Listing Courtesy of Kelly Right Real Estate of Portland, LLC
Add your commute

Building Information for 425 South 3rd Street

Stories-Residences2Year Built1942Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$2,103 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,828

Property Taxes

$275

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 425 South 3rd Street

Summary
Location and General Information
  • Country: US
  • Directions: S on 2nd, L on S. C st,R on S 3rd
School Information
  • Elementary School: Other
  • High School: Springfield
  • Middle Or Junior School: Springfield
Taxes and HOA
  • Tax Annual Amount: $3,300.33
  • Parcel Number: 0315612
  • Tax Legal Description: to be provided at escrow
Property
Lot Information
  • Acres: 0.18
  • Lot Description: Gentle Sloping
  • Lot Size Square Feet: 7840.0
  • 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: 1942
Utilities
  • Fuel Description: Electricity, Gas
  • Heating Description: Baseboard, Forced Air
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding, Vinyl Siding, Wood Siding
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $.00
  • Gross Income Projected: $3,100.00
  • Net Income Actual: $.00
  • Operating Expense: $.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 2803
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 Rent: $0
  • Unit Type 1 SqFt: 1428.0
  • 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: $0
  • Unit Type 2 SqFt: 1375.0
  • Unit Type 2 Units Total: 1

Property History for 425 South 3rd Street

DateEvent & SourcePriceAppreciation
Jun 7, 2006

Sold (Public Record)

Public Record #196416490

$206,500

+41.3% / yr

Jan 13, 2006

Sold (Public Record)

Public Record #172512397

$180,000—
DateEvent & SourcePrice
06/07/2006

Sold (Public Record)

Public Record #196416490

$206,500

+41.3% / yr

01/13/2006

Sold (Public Record)

Public Record #172512397

$180,000

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

Public Records for 425 South 3rd Street

Taxable ValueLand-Additions-Total-
Tax Record2025$3,300 ($275 / month)
Home Facts
Baths2Total Finished SqFt1,428 SqFtAbove Grade Finished SqFt1,428 SqFtStories1Lot Size7,841 SqFtStyleDuplexYear Built1942Year Renovated1983ZoningLD-LOW DENSITCountyLANEAPN17-03-35-34-00700-000

Schools near 425 South 3rd 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
Academy Of Arts And Academics
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

Academy Of Arts And Academics
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 425 South 3rd Street, Springfield, OR 97477

425 South 3rd Street is a multi-family home for sale in Springfield, OR 97477. This property was listed for sale on January 21, 2026 by Kelly Right Real Estate of Portland, LLC, it's currently listed at $375,000. It has been on the market for a total of 1 days and was last sold on June 7, 2006. 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. 425 South 3rd Street is a 0-bed, 0-bath, 2,803 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kelly Right Real Estate of Portland, 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: 01/22/2026 09:29 AM