542 Mill St

Springfield, OR 97477

$480,000
Last Sold Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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Sold 10/27/21
Sold 10/27/21

Description

3 units in this extremely immaculate investment property with possibility of adding an ADU on large lot, check with city. All tenants have been neat clean and long term. Upstairs units are accessed from inside with private carpeted stairway. Down stairs unit has office space with Murphy pull-out for guests or additional bedroom. Just blocks away from downtown eateries, bus line, library and post office. Seller has kept up with all maintenance for over 25 years, re-siding and adding RV Parking.3 units in this extremely immaculate investment property with possibility of adding an ADU on large lot, check with city. All tenants have been neat clean and long term. Upstairs units are accessed from inside with private carpeted stairway. Down stairs unit has office space with Murphy pull-out for guests or additional bedroom. Just blocks away from downtown eateries, bus line, library and post office. Seller has kept up with all maintenance for over 25 years, re-siding and adding RV Parking.
  1. Listed by Rae Diane Fish • Hybrid Real Estate

Amenities

  • Air Conditioning
  • Garage
  • Parking Included
  • RV Parking
LISTING CLOSED: 10/27/2021 12:00 AM

Property Details for 542 Mill Street

StatusSold
MLS #21066880
Days on Market7
Taxes$3,193 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1947
Lot Size-
CountyLane County
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Location

Listing Courtesy of Hybrid Real Estate

Sold By Hearthstone Real Estate

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Building Information for 542 Mill Street

Stories2Residences3Year Built1947Building Size-Lot Size-

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$2,706 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,440

Property Taxes

$266

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 542 Mill Street

Summary
Location and General Information
  • Area: Lane Co: Springfield
  • Country: US
  • Directions: South on Pioneer PKWY, right on Centennial, Left on Mill, corner of Mill and E st
  • Road Surface: Paved
Parking
  • Parking Features: RV Access/Parking,Garage
Taxes and HOA Information
  • CC and R Y/N: No
  • FIRPTA Y/N: No
  • Tax Year: 2020
  • Tax Deferral YN: No
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Lot Description: Corner Lot, Level
  • Zoning: HD
Property and Assessments
  • Water Description: Public
  • Property Condition: Approximately
Utilities
  • Cooling Description: Wall Unit(s)
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • View Y/N: No
Multi Family
Multi-Family Information
  • Common Amenities: Laundry
  • Gross Income Actual: $28,812
  • Gross Rent Multiplier: 16
  • Investor Information: According To Owner
  • Net Income Actual: $19,616
  • Occupancy Types: Leased
  • Operating Expenses Actual: $9,196
  • Security Features: Security Lights
  • SqFt Approximate Building Total: 1734
  • Storage: Garage(s)
  • Unit Features: Dishwasher, Furnished, Range, Refrigerator, Window Coverings
  • Unit Type Type: 1, 2, 3
Unit 1
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Window Coverings
  • Unit Type 1 Rent: $1,166
  • Unit Type 1 SqFt: 1010.0
  • Unit Type 1 Units Total: 1
Unit 2
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Furnished, Range, Refrigerator, Window Coverings
  • Unit Type 2 Rent: $600
  • Unit Type 2 SqFt: 384.0
  • Unit Type 2 Units Total: 1
Unit 3
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Furnished, Range, Refrigerator, Window Coverings
  • Unit Type 3 Rent: $635
  • Unit Type 3 SqFt: 300.0
  • Unit Type 3 Units Total: 1

Property History for 542 Mill Street

DateEvent & SourcePriceAppreciation
Oct 22, 2021

Sold (Public Record)

Public Record #1474882714

$480,000—
DateEvent & SourcePrice
10/22/2021

Sold (Public Record)

Public Record #1474882714

$480,000

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

Public Records for 542 Mill Street

Taxable ValueLand-Additions-Total-
Tax Record2025$3,675 ($306 / month)
Home Facts
Beds3Baths3Total Finished SqFt1,734 SqFtAbove Grade Finished SqFt1,734 SqFtStories1Lot Size6,534 SqFtStyleSingle Family ResidenceYear Built1947Year Renovated1991ZoningHD-HIGH DENSICountyLANEAPN17-03-35-23-05000-000

Schools near 542 Mill Street

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Centennial 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
Centennial 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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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: 10/27/2021 01:55 PM