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!
Sold for $155,000
$155,000
502 W Lincoln St, Springfield, MN 56087
5beds
2,238sqft
Duplex
Built in 1910
-- sqft lot
$-- Zestimate®
$69/sqft
$1,810 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,810/mo
Zestimate® history
Owner options
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$1,810/mo
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$1,810/mo
Rent Zestimate®
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$1,055/mo
Est. payment
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$1,055/mo
Est. payment
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Clean modern updatesSpacious main-level unitAdditional off-street parking
Zillow last checked:
Listing updated:
Listed by:
Aaron Jones aaron@bojihomes.com,
RE/MAX Lakes Realty
Bought with:
Aaron Jones, B61252
RE/MAX Lakes Realty
Source: Iowa Great Lakes BOR,MLS#: 251454
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 sqft
- 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 & neighborhood
Location
- Region: Springfield
- Subdivision: MN
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $155,000$69/sqft |
Source:  Iowa Great Lakes BOR #251454 Report a problem | ||
| 11/14/2025 | Price change | $155,000-3.1%$69/sqft |
Source: Iowa Great Lakes BOR #251454 Report a problem | ||
| 10/11/2025 | Price change | $160,000-11.1%$71/sqft |
Source: Owner Report a problem | ||
| 7/21/2025 | Listed for sale | $180,000+5.9%$80/sqft |
Source: Owner Report a problem | ||
| 6/1/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/3/2025 | Price change | $170,000-5.6%$76/sqft |
Source: Owner Report a problem | ||
| 2/15/2025 | Price change | $180,000-5.3%$80/sqft |
Source: Owner Report a problem | ||
| 12/6/2024 | Listed for sale | $190,000+25%$85/sqft |
Source: Owner Report a problem | ||
| 6/19/2021 | Listing removed | -- |
Source:  Edina Realty Report a problem | ||
| 1/18/2021 | Listed for sale | $152,000+147.2%$68/sqft |
Source: Edina Realty, Inc. Mankato #7026058 Report a problem | ||
| 11/17/2005 | Sold | $61,500$27/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Neighborhood: 56087
Nearby schools
GreatSchools rating
- 10/10Springfield Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 8/10Springfield SecondaryGrades: 7-12Distance: 0.2 mi
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.
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- Minnesota
- Brown County
- Springfield
- 56087
- 502 W Lincoln St
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