Skip main navigation
For sale
  • $155,000

    502 W Lincoln St, Springfield, MN 56087

    5beds
    2,238sqft
    : 
    Duplex
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $69/sqft
    $-- HOA

    What's special

    Clean modern updatesSpacious main-level unitAdditional off-street parking
    Beautifully Updated Duplex in Springfield — Ideal Investment or Owner-Occupied Opportunity Discover this well-maintained and nicely updated duplex located just steps from the local school. The spacious main-level unit features 3 bedrooms and 1 bathroom, offering an excellent layout for families or long-term tenants. The upper unit includes 2 bedrooms and 1 bathroom, providing comfortable living with great rental potential. An attached 2-stall garage adds convenience and value, along with additional off-street parking. Both units offer clean, modern updates, making this property completely move-in or rent-ready. Whether you’re an investor looking to rent out both units, or a buyer wanting to live in one unit and let the other help pay your mortgage, this property is a versatile and attractive option. Don’t miss this opportunity to own a solid, income-producing duplex in a prime Springfield location! Priced well under assessed value!
    135 days
    |
    409
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: November 30, 2025 at 06:47pm

    Listed by:

    Holli Hansen holli@sellboji.com,

    RE/MAX Lakes Realty

    Source: Iowa Great Lakes BOR,MLS#: 251454MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 1
      • 3/4 bathrooms: 1
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Gas Water Heater
      Features
      • Basement: Full
      Interior area
      • Total structure area: 2,238
      • Total interior livable area: 2,238 sqft
      • Finished area above ground: 1,119
      • Finished area below ground: 1,119

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 6,969.6 Square Feet
      • Dimensions: 50 x 142
      Details
      • Parcel number: 00330000401010

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Concrete
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Connected

      Community & HOA

      Community
      • Subdivision: MN
      Location
      • Region: Springfield

      Financial & listing details

      • Price per square foot: $69/sqft
      • Tax assessed value: $179,400
      • Annual tax amount: $4,362
      • Date on market: 11/14/2025

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        11/14/2025Price change$155,000-3.1%$69/sqft
        Source: Iowa Great Lakes BOR #251454 Report a problem
        10/11/2025Price change$160,000-11.1%$71/sqft
        Source: Owner Report a problem
        7/21/2025Listed for sale$180,000+5.9%$80/sqft
        Source: Owner Report a problem
        6/1/2025Listing removed--
        Source: Owner Report a problem
        3/3/2025Price change$170,000-5.6%$76/sqft
        Source: Owner Report a problem
        2/15/2025Price change$180,000-5.3%$80/sqft
        Source: Owner Report a problem
        12/6/2024Listed for sale$190,000+25%$85/sqft
        Source: Owner Report a problem
        6/19/2021Listing removed--
        Source: Edina Realty Report a problem
        1/18/2021Listed for sale$152,000+147.2%$68/sqft
        Source: Edina Realty, Inc. Mankato #7026058 Report a problem
        11/17/2005Sold$61,500$27/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$4,362 +10%$179,400 -0.7%
        2024$3,964 +2.5%$180,700 +5.6%
        2023$3,866 -2%$171,100 +20.8%
        2022$3,946 +36.6%$141,600 +5.5%
        2021$2,888 +25.1%$134,200 +26.8%
        2020$2,308 +4.8%$105,800 +2.9%
        2018$2,202 +69.9%$102,800 +60.9%
        2017$1,296 +2.8%$63,900 +7.2%
        2016$1,261 $59,598
        2015-- --
        2014-- --
        2013-- --
        2012-- --
        2011-- --
        2010-- --

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $933/mo
        Principal & interest
        $799
        Property taxes
        $134
        More affordability tools

          Climate risks

          Neighborhood: 56087

          Getting around

          34 / 100
          Car-Dependent
          43 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Springfield

          Source: Iowa Great Lakes BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          Local experts in 56087

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel