1152 Main St, Springfield, OR 97477
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1152 Main St,Springfield, OR 97477
$2,100,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: heather tipler
Office: hybrid real estate541-343-0322
MLS#:477023850
Source:PORTLAND
Price summary
- Price:$2,100,000
About this home
Unlock the potential of this exceptional redevelopment opportunity w/ a property ideally suited for conversion into much-needed apartments. Located in a highly desirable area w/ convenient access to downtown Springfield, the University of Oregon, major employers, shopping, dining, public transportation & everyday amenities, this property offers an outstanding foundation for investors seeking to capitalize on the growing demand for rental housing. Listed at under $100k per door this amazing opportunity will not last long! The existing hotel layout provides an ideal framework for apartment conversion w/ many units already having kitchenette plumbing in the walls, all furniture included, units each feature private bathrooms, spacious floor plans, mini refrigerators, on site laundry & storage. These features can streamline the transition into comfortable studio or one-bedroom apartments. The property has been extensively maintained & updated, offering peace of mind for future ownership. Recent improvements include a newly paved parking lot completed in 2024, a membrane roof replaced in 2020, a new shingle roof installed in 2022, fresh exterior paint, seven on-site storage units, ample parking including covered spaces & lots of parking. An additional highlight is the spacious owner's residence, which could be repurposed as a larger rental unit, leasing office or community amenity space. The residence features a private entrance, updated kitchen w/ granite countertops, luxury vinyl plank flooring, dining area, generous living room, fenced yard, ductless heating and cooling, remodeled bathroom, oversized bedroom with dual closets, private laundry, and direct access to the office. With strong fundamentals, significant infrastructure updates already completed & flexible redevelopment possibilities, this property presents an exceptional opportunity to create a high demand apartment community with outstanding upside potential!...
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Home facts
- Year built:1941
- Listing ID #:477023850
- Added:51 day(s) ago
- Updated:September 23, 2026 at 11:55 AM
Heating and cooling
- Cooling:Wall Unit
- Heating:Ductless
Structure and exterior
- Roof:Composition, Membrane
- Year built:1941
- Lot area:0.58 Acres
- Lot Features:Level
- Foundation Description:Slab
- Levels:2 Stories
Schools
- High school:Springfield
- Middle school:Hamlin
- Elementary school:Two Rivers
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Tax amount:$15,757
Parking
- Parking description:Covered, Open
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