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Off market
  • $404,200

    557 Water St, Springfield, OR 97477

    4beds
    2baths
    1,680sqft
    MultiFamily
    Built in 1972
    -- sqft lot
    $404,200 Zestimate®
    $241/sqft
    $1,803 Estimated rent

    Home value

    $404,200

    $376,000 - $428,000

    $1,803/mo

    Zestimate® history
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    Owner options

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    $1,803/mo

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    $1,803/mo

    Rent Zestimate®

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    $2,305/mo

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    $2,305/mo

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    What's special

    Do not disturb tenants. Showings upon accepted offer. Two single level units two bedrooms and one bath each. 840 square feet plus each has an approximately 300 square foot garage. Newer roof, paint and many upgrades. Fenced corner lot. Short trip to park, river and bike paths.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Other, Electric
    Appliances
    • Included: Range / Oven
    Features
    • Basement: Finished
    Interior area
    • Total interior livable area: 1,680 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    Lot
    • Size: 6,098 sqft
    • Features: Level, Corner Lot, Views
    Details
    • Parcel number: 0310456
    • Zoning: R1

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Existing
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Connected, Satellite

    Community & neighborhood

    Location
    • Region: Springfield

    HOA & financial

    Other financial information
    • Total actual rent: 1800

    Other

    Other facts
    • ViewYN: true
    • Sewer: Public Sewer
    • WaterSource: Public
    • FoundationDetails: Concrete Perimeter
    • RoadSurfaceType: Paved
    • Zoning: R1
    • GarageYN: true
    • Heating: Other
    • AttachedGarageYN: true
    • HeatingYN: true
    • NumberOfUnitsTotal: 2
    • Utilities: Electricity Connected, Cable Connected, Satellite
    • Roof: Composition
    • LotFeatures: Level, Corner Lot, Views
    • LeaseTerm: Month To Month
    • Basement: Crawl Space
    • FarmLandAreaUnits: Square Feet
    • ParkingFeatures: Storage, Attached, Garage
    • GrossIncome: 21600
    • OperatingExpense: 3000
    • Appliances: Electric Water Heater, Range
    • NetOperatingIncome: 18600
    • TotalActualRent: 1800
    • View: Territorial
    • ConstructionMaterials: T-111 Siding
    • CapRate: 5.81
    • PropertyCondition: Existing
    • MlsStatus: Pending
    • TaxAnnualAmount: 2957.53
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/30/2020Sold$320,000$190/sqft
    Source: RMLS (OR) #20385643 Report a problem
    10/24/2020Pending sale$320,000$190/sqft
    Source: ICON Real Estate Group #20385643 Report a problem
    8/15/2020Listed for sale$320,000$190/sqft
    Source: ICON Real Estate Group #20385643 Report a problem
    7/31/2020Pending sale$320,000$190/sqft
    Source: ICON Real Estate Group #20385643 Report a problem
    7/25/2020Listed for sale$320,000+77.8%$190/sqft
    Source: ICON Real Estate Group #20385643 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,510 +1.6%$191,417 +3%
    2024$3,453 +4.4%$185,842 +3%
    2023$3,306 +3.4%$180,430 +3%

    Find assessor info on the county website

    Neighborhood: 97477

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Centennial
    • Middle: Hamlin
    • High: Springfield

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $404,200
    2% more+ $8,084
    With Zillow Showcase(estimated)
    $412,284