3 bedrooms 1 bath duplex, with some updating this could be a big money maker. additinal living space below units for extended family etc. Potential for 10% return if you update, close to the river and Autzen stadium.
East Kelly Butte, located between Kelly Butte and the Thurston Hills, is a residential and hillside Springfield neighborhood with wooded slopes and curving, view-oriented streets. The neighborhood’s character concentrates around the Kelly Butte Trailhead area, where trail traffic, dog walkers, and cyclists set a steady outdoor cadence. Housing leans toward late-20th-century subdivisions with split-levels and ranch profiles, plus pockets of newer builds tucked along ridgelines. Daily errands and casual meetups often orbit nearby Main Street, with local staples like Plank Town Brewing Company and Washburne Cafe. For arts and community nights, the Richard E. Wildish Community Theater anchors the broader Springfield scene. The geography reads as green and elevated, with quick transitions from backyards to forested paths.
Provided by Walk Score and Local Logic
Market insights
602 Kelly Blvd · $510,000
DAYS ON MARKET
92 days
The average home goes pending in 17 days.
SALE-TO-LIST
99.9%
Most homes are selling 0% below list price.
LIST PRICE
$510,000
Median sale price in this area is $468,256. (8% lower than this home)
PRICE DROP
2 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Finished basement
No storage
Bedrooms
Five bedrooms (unit type 1 total across units)
Bathrooms
Two bathrooms (unit type 1 total across units)
Kitchen
Range
Refrigerator
Laundry & utility
Electric water heater
Heating & cooling
Radiant heating
No central cooling
Exterior features
T-111 siding
Sloped lot
Concrete road access
Home design
Multi-family property
Not attached to other buildings
Built in 1971
R3 zoning
Parking
Driveway parking
Total of 4 parking spaces
Construction
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Electric service (fuel and hot water)
Cable internet available
Financial info
Two total units
Unit type 1: two units, 5 beds, 2 baths, actual rent $1,470 per unit
Building area total 3,608
Cap rate 4.58
Gross rent multiplier 14.45
Rent includes grounds maintenance
Other
Lot approximately 0.19 acres (7,000 to 9,999 SqFt)
Parcel number 0297141
Listed as active
Electricity and solar
View estimated energy costs and solar savings for this home