455 S 38th St

Springfield, OR 97478

$500,000
Price
—
Beds
—
Baths
1,500 Sq. Ft.
$333 / Sq. Ft.
1,500
Sq. Ft.
$333
per Sq. Ft.

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...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! Sellers are licensed realtors in Oregon.
  1. Listed by Tim Duncan • Tim Duncan Real Estate • tim@timduncanre.com

Property Details for 455 South 38th Street

Parking Features
Driveway
Zoning
R1
Parking Total
6.00
LISTING UPDATED: 12/24/2025 12:20 AM

Property Details for 455 South 38th Street

StatusActive
MLS #236528166
Days on Market10
Taxes$2,801 / 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 Tim Duncan Real Estate
Add your commute

Building Information for 455 South 38th Street

Stories2Residences2Year Built1942Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$2,704 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,471

Property Taxes

$233

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 455 South 38th Street

Summary
Location and General Information
  • Country: US
  • Directions: main st to south on 38th st house is on the left - no sign!
  • Road Surface: Paved
School Information
  • Elementary School: Douglas Gardens
  • High School: Springfield
  • Middle Or Junior School: Agnes Stewart
Taxes and HOA
  • Management Name: Next Gen Property Management
  • Tax Year: 2025
  • Tax Annual Amount: $2,800.96
  • Parcel Number: 0125276
  • Tax Legal Description: 17-02-31-44-01621
Property
Lot Information
  • Acres: 0.18
  • Lot Description: Level
  • 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
  • Property Condition: Restored
  • Year Built: 1942
Utilities
  • Cooling Description: Mini Split
  • Fuel Description: Electricity
  • Heating Description: Ductless, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $37,080.00
  • Gross Rent Multiplier: $13.48
  • Investor Information: According To Owner, Incomplete
  • Net Income Actual: $34,279.00
  • Operating Expense: $.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1500
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: Air Conditioning, Dishwasher, Disposal, Refrigerator
  • Unit Type 1 Rent: $1,795
  • Unit Type 1 SqFt: 1038.0
  • 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: 1
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,295
  • Unit Type 2 SqFt: 462.0
  • Unit Type 2 Units Total: 1

Property History for 455 South 38th Street

DateEvent & SourcePriceAppreciation
Nov 4, 2022

Sold (Public Record)

Public Record #1500197040

$205,000—
DateEvent & SourcePrice
11/04/2022

Sold (Public Record)

Public Record #1500197040

$205,000

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

Public Records for 455 South 38th Street

Taxable ValueLand-Additions-Total-
Tax Record2025$2,801 ($233 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,038 SqFtAbove Grade Finished SqFt1,038 SqFtStories1Lot Size7,841 SqFtStyleSingle Family ResidenceYear Built1942Year Renovated1969ZoningLD-LOW DENSITCountyLANEAPN17-02-31-44-01621-000

Schools near 455 South 38th Street

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
Gateways High School
Public - 9 to 12
Rating
School
Distance
Douglas Gardens Elementary School
PublicK to 5

Agnes Stewart 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 455 South 38th Street, Springfield, OR 97478

455 South 38th Street is a multi-family home for sale in Springfield, OR 97478. This property was listed for sale on December 14, 2025 by Tim Duncan Real Estate, it's currently listed at $500,000. It has been on the market for a total of 10 days and was last sold on November 4, 2022. This listing's school district is Springfield School District 19. Nearby schools include Douglas Gardens Elementary School, Agnes Stewart Middle School and Springfield High School. 455 South 38th Street is a 0-bed, 0-bath, 1,500 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 Tim Duncan 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 © 2025 RMLS, Portland, Oregon. Last updated: 12/24/2025 12:20 AM