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.!
Washburne Historic District, located between Main Street and the Willamette River, is a historic and walkable Springfield neighborhood with tree-lined blocks and early-1900s architecture. The neighborhood’s character concentrates around the Main Street corridor near 5th Street, where murals, small galleries, and locally run cafes set a steady daytime rhythm. Restored Craftsman bungalows and period storefronts give the streetscape a cohesive, lived-in look. The Willamalane RiverWalk and nearby riverfront paths shape an outdoors-forward routine. The Wildish Theater anchors the arts calendar, while PublicHouse and Washburne Cafe serve as familiar gathering spots. Pocket parks and the downtown grid keep errands and meetups on foot.
Provided by Walk Score and Local Logic
Offer insights
381 9th St · $475,000
$475K and above
75% chance or better to win
Why $475K+ is a strong offer
DAYS ON MARKET
58 days
The average home goes pending in 26 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
High ceilings
Laundry
Tile floor
Laminate flooring
Gas fireplace
Bedrooms
Primary bedroom on upper level with bathroom and ceiling fan
Second bedroom on upper level with ceiling fan
Third bedroom on main level
Bathrooms
Two full bathrooms (one on main level, one on upper level)
Kitchen
Dishwasher
Free‑standing range
Free‑standing refrigerator
Pantry
Laundry & utility
Laundry area
Flooring
Laminate flooring
Tile floor
Heating & cooling
Baseboard heating
Wall furnace
No central air
Exterior features
Covered deck
Yard
Corner lot
Trees
Paved road access
Lap and shingle siding
Home design
Single family residence
Residential resale
No attached properties
Built in 1900
No notable view
Parking
Driveway
Attached 1‑car garage
Construction
Composition roof
Crawl space foundation
Lap siding
Shingle siding
Utilities
Public water
Public sewer
Electric and gas service
Electric water heater
Financial info
Rent amount listed at $4,500
Electricity and solar
View estimated energy costs and solar savings for this home
Charming Victorian in the Washburne District. Built in 1900 this 3 bed 2 bath house on a corner lot is filled with charm and features high ceilings, a gas fireplace, laminate flooring, interior laundry, office, master suite, and attached garage. Walk to bars restaurants, pubs, and downtown.
Public Records
Jun 16, 2016
Sold
$178,500
$103/sq ft
RMLS #16588674
Jun 16, 2016
Sold
$177,500
$102/sq ft
May 8, 2016
Pending
—
Apr 24, 2016
Relisted
—
Apr 1, 2016
Pending
—
Mar 28, 2016
Listed
$185,000
$107/sq ft
One Hundred and Sixteen year old Victorian home in the historical Washburne District. Lots of old vintage charm and character in this rare four bedroom. It has vaulted ceilings, two master bedrooms, and a 6yr old roof. Original hardwood floors, most of the original trim, and other details...but still options to continue updating and personalizing this home yourself.
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
16 unhealthy days expected this year, 19 days in 30 years
Provided by First Street
Historical weather
Springfield, OR • 97477
Average low and high temperatures (°F)
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86
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86
58
77
53
64
45
53
42
49
40
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Feb
Mar
Apr
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Jul
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Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 381 9th St
$469,592
$5,408 under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $315K to $448K.