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About this home
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.
Aly Stephens • Keller Williams Realty Eugene and Springfield
Around this home
Schools
K - 12
Preschool & daycare
Douglas Gardens Elementary School
Public K-5 • Assigned • 0.5mi
8/10
Agnes Stewart Middle School
Public 6-8 • Assigned • 0.7mi
6/10
Springfield High School
Public 9-12 • Assigned • 2.4mi
4/10
Provided by GreatSchools
About
Mid-Springfield
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
Offer insights
3999 Virginia Ave · $450,000
$459K and above
75% chance or better to win
Why $459K+ is a strong offer
DAYS ON MARKET
3 days
The average home goes pending in 39 days.
SALE-TO-LIST
93.0%
Most homes are selling 7% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Crawl space basement
Bedrooms
Two 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Each unit includes a refrigerator
Laundry & utility
Washer/dryer hookup in each unit
Electric hot water
Heating & cooling
Ceiling heating
No central air reported
Exterior features
Level lot
Paved road access
T-111 siding
Composition roof
Home design
Multi-family property
Not attached
Parking
Driveway
2-car garage
Construction
Built in 1971
Utilities
Public water
Public sewer
Electric service
Cable internet
Financial info
Two total units
Each unit currently rents for $1,600
Gross rent multiplier: 14.54
Other
Zoned LD
Electricity and solar
View estimated energy costs and solar savings for this home