This home's estimate is 24% higher than the average sale price ($525K) of 6 comparable homes.
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4118/4120 S E St, Springfield, OR 97478
About this home
Finally, a duplex that has been well maintained and updated over the years delivering appropriate market rental figures each month! No outdated long-term tenant lease agreements to contend with here in order to make it pencil. This duplex provides desirable, large units with 3 bedrooms, 2.5 bathrooms and a one car garage each. Plenty of driveway parking, in-unit washer and dryer connections and private backyards with covered patios make these units attractive and comfortable for tenants. The roof was replaced in 2023 and the exterior was repainted within the last five years. A pre-listing inspection has been completed, ask your Realtor for a copy and buy with confidence! Whether you're looking for your first investment property, expanding your existing portfolio or dreaming of a place you can eventually move into while renting the other side for income - this is an excellent opportunity. Current tenants pay all of their own utilities and are responsible for yard maintenance.

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Market trends in 97478, OR
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
0 MoM
- $525,0004 beds3 baths1,894 sq ft6842 Jessica Dr, Springfield, OR 97478Jim Arscott • Premiere Property Group LLC
- $675,0008 beds4 baths3,372 sq ft5495 A Units 69-72 St, Springfield, OR 97478Noelle Meinzer • ICON Real Estate Group
- $325,0002 beds1 bath888 sq ft485 S 46th St, Springfield, OR 97478James Sisneroz • Harcourts West Real Estate
- 3D WALKTHROUGH$909,0003 beds3 baths2,510 sq ft35885 Ellington Dr, Springfield, OR 97478Kim Arscott • Premiere Property Group LLC
- $320,0003 beds1 bath1,273 sq ft246 S 34th St, Springfield, OR 97478Allison Davis • Triple Oaks Realty LLC
- 3D WALKTHROUGH$425,0002 beds2 baths1,368 sq ft40329 Booth Kelly Rd, Springfield, OR 97478Melissa McGuire • Berkshire Hathaway HomeServices Real Estate Professionals
- $29,9003 beds1 bath924 sq ft1125 58th St #19, Springfield, OR 97478Shawn Mogenson • United Real Estate Properties
- $439,0003 beds2 baths1,536 sq ft723 71st St, Springfield, OR 97478Christopher Bauman • Triple Oaks Realty LLC
See all
Provided by Redfin
Sale history for 4118/4120 S E St
$175/sq ft
$185/sq ft
$194/sq ft
$1/sq ft
$1/sq ft
$1/sq ft
$1/sq ft
$76/sq ft
$63/sq ft
Tax history for 4118/4120 S E St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Driveway, Garage
- Parking Total: 2
- Garage Information
- Garage Spaces: 2
Interior
- Appliances
- Hot Water Description: Electricity
- Interior Features
- Storage: Garage(s)
- Basement: Crawl Space
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: Cement Siding, Lap Siding
- Lot Information
- Lot Size Square Feet: 6,969
- Lot Size Range: 7,000 to 9,999 SqFt
- Lot Size Acres: 0.16
- Lot Size: 7,000 to 9,999 SqFt
- Lot Features: Level
- Parcel Number: 1582087
- Road Surface Type: Paved
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Existing
- View YN: No
- Building Information
- Year Built: 1997
- Building Area Total: 2,966
- Foundation Details: Concrete Perimeter
Financial
- Tax Information
- Tax Year: 2024
- Tax Legal Description: To be provided by escrow
- Tax Annual Amount: $6,809.69
- Lease / Rent Information
- CAP Rate: 7.25
- Gross Rent Multiplier: 12.42
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: No
- Heating: Wall Heater
- Cooling YN: Yes
- Cooling: Window Unit(s)
Location
- Multi Unit Information
- # Of Units Total: 2
- Unit Information
- Unit Type: 1, 2
- Unit Type 1 Information
- Actual Rent: $1,795
- Area: 1,483
- Baths Total: 3
- Beds Total: 3
- Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $1,895
- Area: 1,483
- BathsTotal: 3
- Beds Total: 3
- Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
- Units Total: 1
- School Information
- Elementary School: Douglas Gardens
- Middle Or Junior School: Agnes Stewart
- High School: Springfield
- Location Information
- Directions: From Main St, South on S 41st, Left onto S E St, duplex on left
- Unparsed Address: 4118/4120 S E ST, Springfield, OR 97478
- Community Information
- Zoning: R2
Public facts
- Beds: 6
- Baths: 5.0
- Sq. Ft.: 2,966
- Stories: 2.0
- Lot Size: 6,970 square feet
- Style: Single Family Residential
- Year Built: 1997
- Year Renovated: 2009
- County: Lane County
- APN: 1582087
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
Public K-5 • Assigned • 0.6mi
Public 6-8 • Assigned • 0.9mi
Public 9-12 • Assigned • 2.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 91° expected this year, 16 days in 30 years
Minimal risk of severe winds over next 30 years
16 unhealthy days expected this year, 19 days in 30 years
Sun exposure
In this area, properties receive around 10.6 hours in June and 2.2 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 97478
Home values near 4118/4120 S E St
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1124 Sq. Ft. | $400,395 |
6 Beds | 5 Baths | 2966 Sq. Ft. | $579,329 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 4 Baths | 2007 Sq. Ft. | $488,473 |
3 Beds | 2 Baths | 1350 Sq. Ft. | $410,484 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1137 Sq. Ft. | $397,897 |
4 Beds | 4 Baths | 1905 Sq. Ft. | $491,682 |
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