Value-Add Investment Opportunity! Bring your vision to this 2-bedroom, 1-bath, 1,072 SF home situated on a .14-acre lot. A long-term rental and currently tenant-occupied, this property offers a solid starting point for an investor or renovation-minded buyer ready to unlock its potential. Several major improvements are already in place, including a new water heater, approximately 1-year-old ductless heating and cooling system, and newer roof. The home is a fixer and ready for its next chapter—renovate, refresh, and make it shine again. Convenient opportunity to add value through improvements while benefiting from updates already completed. Buyer to verify potential uses and development opportunities with the appropriate governmental authorities.
Mid-Springfield, located between Downtown Springfield and Thurston, is a residential and commercial Springfield neighborhood with tree-lined blocks and a steady stream of local storefronts. The neighborhood’s character concentrates around Main Street near 5th Street, where murals, casual eateries, and small-service shops keep the sidewalks active. Architectural cues lean toward mid-century ranch homes and compact postwar cottages, with pockets of newer infill along busier corridors. The Willamette River and nearby parks shape daily routines with paths and open lawns. Community pillars include PublicHouse, the Wildish Theater, and the Springfield History Museum. A mix of civic buildings and corner markets gives the area a practical, lived-in rhythm.
Provided by Walk Score and Local Logic
Market insights
3875 Kathryn Ave · $240,000
DAYS ON MARKET
1 days
The average home goes pending in 27 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
LIST PRICE
$240,000
Median sale price in this area is $487,600. (103% higher than this home)
PRICE DROP
0 price drops
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Aluminum-framed windows
Crawl space basement
Utility room on the main level
Dining room on the main level
Family room
Kitchen on the main level
Living room on the main level
Great room
Seasonal view
Bedrooms
Primary bedroom on the main level
Second bedroom on the main level
Bathrooms
One full bathroom (main level)
Kitchen
Dishwasher
Free-standing range
Laundry & utility
Main-level utility room
Heating & cooling
Ductless heating
Heat pump cooling
Electric water heater
Exterior features
Level yard
Paved road access
Vinyl siding
Seasonal view
Home design
Single-family residence
Residential property
Not attached to another unit
Fixer condition
Main living area on one level
Parking
Driveway
Construction
Built in 1950
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Electric service
Financial info
Rent listed at $1,500
Other
Zoned R1
Electricity and solar
View estimated energy costs and solar savings for this home