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381 9th St, Springfield
$449,000
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- Price per sqft
- $259.09
- Built in
- 1900
- Property size
- 1,733 sqft
- Lot size
- 5,227 sqft
- Property type
- Residential
- Days on market
- 105
Overview
Turnkey investment opportunity in Springfield’s Historic Washburn District! This 1900 Victorian is currently operating as a successful short-term rental with a strong rental history and is generating approximately $45,000–$60,000 in annual gross rental income. The home offers two separate living spaces with private entrances, creating excellent flexibility for investors or owner-occupants. The front unit features 2 bedrooms, 1 bathroom, high ceilings, a gas fireplace, covered front porch, fenced yard, and charming period character. The upstairs unit offers 1 bedroom, 1 bathroom, an updated bathroom and kitchenette, making it ideal for guests or extended stays. Laundry and the attached garage are currently utilized for short-term rental operations and owner supplies. Conveniently located near restaurants, shopping, coffee shops, public transportation, and with easy access to area freeways. Buyer to perform their own due diligence regarding the continued use of the property as a short-term rental/Airbnb and any applicable city, county, or state regulations. Seller is completing a 1031 exchange. Please do not disturb tenants.!
Details
Interior
- Interior features
- High Ceilings, Laminate Flooring, Laundry, Tile Floor
- Appliances
- Dishwasher, Free Standing Range, Free Standing Refrigerator, Pantry
- Fireplace
- Yes
- Fireplaces
- 1
- Fireplace description
- Gas
- Cooling
- No
- Heating
- Yes
- Heating description
- Baseboard, Wall Furnace
Exterior and lot
- Lot size
- 5,227 sqft
- Exterior features
- Covered Deck, Yard
- Lot features
- Corner Lot, Trees
- Architectural style
- Two Stories, Victorian
- Roof
- Composition
- View
- No
Utilities
- Sewer
- Public Sewer
- Water source
- Public Water
Parking
- Garage spaces
- 1
- Parking
- Driveway
- Total parking
- 1
Schools
- High school
- Springfield
- Middle school
- Hamlin
- Elementary school
- Two Rivers
Location
- City
- Springfield
- County
- Lane
Taxes and dues
- Annual taxes
- $2,637 (2025)
Location
381 9th St, Springfield, OR 97477
Monthly payment estimate
$2,610 /mo
- Principal and interest
- $2,390
- Property tax (2025)
- $220
- Total
- $2,610
Estimate only, and not an offer of credit. Assumes 20% down ($89,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
