Income-Producing Duplex in East SpringfieldGreat opportunity for an investor or owner-occupant! Located at 3999 Virginia Ave & 532 S 40th St,this single level duplex sits on a.18-acre corner lot in an established East Springfield neighborhood.Built in 1971, the property offers approximately 1,632 total sqft, with each unit featuring 816 sq ft, 2 bedrooms and 1 bathroom. Both units offer comfortable, functional floor plans with updated flooring and dual-pane vinyl windows. Each unit also has its own single-car garage with dedicated laundry, plus a large backyard and off street parking. One side offers additional parking with potential space for an RV, boat or recreational vehicles.Currently rented at $1,600 per month per unit, this property offers immediate rental income and flexibility for the future. Continue as an investment or explore the possibility of living in one side while renting the other.
Active
$450,000
3999 Virginia Ave, Springfield, OR 97478
4beds
1,632sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$276/sqft
$-- HOA
What's special
Large backyardUpdated flooringDual-pane vinyl windowsOff street parking
- 3 days |
- 347 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Nicole Ferrell 541-913-9973,
Triple Oaks Realty LLC
Source: RMLS (OR),MLS#: 158326634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Ceiling
Appliances
- Included: Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,632
- Total interior livable area: 1,632 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 7,840 Square Feet
- Features: Level, SqFt 7000 to 9999
Details
- Parcel number: 0125748
- Zoning: LD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Roof: Composition
Condition
- Existing
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $385,578
- Annual tax amount: $3,372
- Date on market: 8/16/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3200
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2026 | Listed for sale | $450,000+240.9%$276/sqft |
Source:  RMLS (OR) #158326634 Report a problem | ||
| 6/16/2003 | Sold | $132,000+8.3%$81/sqft |
Source: Public Record Report a problem | ||
| 8/3/1999 | Sold | $121,900$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,373 +1.6% | $183,938 +3% |
| 2024 | $3,318 +4.4% | $178,581 +3% |
| 2023 | $3,177 +3.4% | $173,380 +3% |
| 2022 | $3,073 +1.8% | $168,331 +3% |
| 2021 | $3,018 +3% | $163,429 +3% |
| 2020 | $2,930 +3.1% | $158,669 +3% |
| 2019 | $2,842 +6.1% | $154,048 +3% |
| 2018 | $2,679 | $149,562 +3% |
| 2017 | $2,679 +4% | $145,206 +3% |
| 2016 | $2,576 +2.1% | $140,977 +3% |
| 2015 | $2,522 +2.9% | $136,871 +3% |
| 2014 | $2,450 +4.8% | $132,884 +3% |
| 2013 | $2,337 +10.3% | $129,014 +3% |
| 2012 | $2,119 | $125,256 +3% |
| 2011 | -- | $121,608 +3% |
| 2010 | -- | $118,066 +3% |
| 2009 | -- | $114,627 +3% |
| 2008 | -- | $111,288 +3% |
| 2007 | -- | $108,047 +3% |
| 2006 | -- | $104,900 +3% |
| 2005 | -- | $101,845 +3% |
| 2004 | -- | $98,879 +3% |
| 2003 | -- | $95,999 +3% |
| 2002 | -- | $93,203 +3% |
| 2001 | -- | $90,488 +3% |
| 2000 | -- | $87,852 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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: 0.7 mi
- 4/10Springfield High SchoolGrades: 9-12Distance: 2.4 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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