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!
Active
Price increase: $30K (2/27)
$525,000
455 S 38th St, Springfield, OR 97478
4beds
1,500sqft
Est.:
Multi Family
Built in 1942
-- sqft lot
$-- Zestimate®
$350/sqft
$-- HOA
What's special
New attic insulationHeating and acNew roof
- 78 days |
- 999 |
- 68 |
Zillow last checked: 8 hours ago
Listing updated: March 01, 2026 at 04:11pm
Listed by:
Tim Duncan tim@timduncanre.com,
Tim Duncan Real Estate
Source: RMLS (OR),MLS#: 236528166
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Ductless
Cooling
- Air Conditioning
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Range, Washer/Dryer, Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,500
- Total interior livable area: 1,500 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 7,840.8 Square Feet
- Features: Level, SqFt 7000 to 9999
Details
- Parcel number: 0125276
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Roof: Composition
Condition
- Restored
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $451,253
- Annual tax amount: $2,800
- Date on market: 12/14/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3090
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Price change | $525,000+6.1%$350/sqft |
Source:  RMLS (OR) #236528166 Report a problem | ||
| 1/4/2026 | Price change | $495,000-1%$330/sqft |
Source: RMLS (OR) #236528166 Report a problem | ||
| 12/14/2025 | Listed for sale | $500,000+143.9%$333/sqft |
Source: RMLS (OR) #236528166 Report a problem | ||
| 12/9/2025 | Listing removed | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/8/2025 | Price change | $1,795+5.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/28/2025 | Price change | $1,695-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2025 | Price change | $1,745-2.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/23/2025 | Price change | $1,795-5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/11/2025 | Price change | $1,895-5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2025 | Listed for rent | $1,995+5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/1/2024 | Price change | $1,895+5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/8/2023 | Listed for rent | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/13/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/1/2023 | Price change | $1,795-5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/23/2023 | Price change | $1,895-5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/10/2023 | Listed for rent | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/4/2022 | Sold | $205,000-18%$137/sqft |
Source: RMLS (OR) #22542737 Report a problem | ||
| 10/27/2022 | Pending sale | $250,000$167/sqft |
Source: RMLS (OR) #22542737 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,801 +1.6% | $152,745 +3% |
| 2024 | $2,756 +29.3% | $148,297 +27.5% |
| 2023 | $2,132 +3.4% | $116,320 +3% |
| 2022 | $2,062 +1.8% | $112,933 +3% |
| 2021 | $2,025 +3% | $109,644 +3% |
| 2020 | $1,966 +3.1% | $106,451 +3% |
| 2019 | $1,907 +6.1% | $103,351 +3% |
| 2018 | $1,797 | $100,341 +3% |
| 2017 | $1,797 +4% | $97,418 +3% |
| 2016 | $1,728 +2.1% | $94,581 +3% |
| 2015 | $1,692 +2.9% | $91,826 +3% |
| 2014 | $1,644 +3.6% | $89,151 +3% |
| 2013 | $1,587 +10.2% | $86,554 +3% |
| 2012 | $1,441 | $84,033 +3% |
| 2011 | -- | $81,585 +3% |
| 2010 | -- | $79,209 +3% |
| 2009 | -- | $76,902 +3% |
| 2008 | -- | $74,662 +3% |
| 2007 | -- | $72,487 +3% |
| 2006 | -- | $70,376 +3% |
| 2005 | -- | $68,326 +3% |
| 2004 | -- | $66,336 +3% |
| 2003 | -- | $64,404 +3% |
| 2002 | -- | $62,528 +3% |
| 2001 | -- | $60,707 +3% |
| 2000 | -- | $58,939 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,792/mo
Principal & interest
$2446
Property taxes
$346
Climate risks
Neighborhood: 97478
Nearby schools
GreatSchools rating
- 8/10Douglas Gardens Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10Agnes Stewart Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Springfield High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Douglas Gardens
- Middle: Agnes Stewart
- High: Springfield
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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