2 Bungalow homes #770 & 780 S. 42nd on .93 acre. Property is zoned MDR which means a minimum of 14 units need to be built if developed. Potential for a great future investment. Homes are in fair condition and have great long term rental history. Both Renters would like to stay.
2 Bungalow homes #770 & 780 S. 42nd on .93 acre. Property is zoned MDR which means a minimum of 14 units need to be built if developed. Potential for a great future investment. Homes are in fair condition and have great long term rental history. Both Renters would like to stay.
RMLS #16127476
Nov 4, 2016
Sold
$190,000
Aug 24, 2016
Pending
—
May 31, 2016
Listed
$218,000
Public Records
Jul 17, 1992
Sold
$66,500
Public Records
Jan 4, 1991
Sold
$31,500
Year
Property tax
Land + Additions
Assessment*
2025
$1,995 (+1.6%)
2024
$1,963 (+4.4%)
2023
$1,880 (+3.4%)
2022
$1,818 (+1.8%)
2021
$1,786 (+3.0%)
2020
$1,733 (+3.1%)
2019
$1,681 (+6.1%)
2018
$1,585 (+4.0%)
2017
$1,524 (+2.2%)
2016
$1,491 (+2.9%)
2015
$1,449 (+1.5%)
2014
$1,427 (+1.9%)
2013
$1,400 (+10.2%)
2012
$1,270 (+2.8%)
2011
$1,236 (+2.9%)
2010
$1,201 (+2.6%)
2009
$1,171
Tax history for 770 S 42nd St
Year
Property tax
Land + Additions
Assessment*
2025
$1,995 (+1.6%)
2024
$1,963 (+4.4%)
2023
$1,880 (+3.4%)
2022
$1,818 (+1.8%)
2021
$1,786 (+3.0%)
2020
$1,733 (+3.1%)
2019
$1,681 (+6.1%)
2018
$1,585 (+4.0%)
2017
$1,524 (+2.2%)
2016
$1,491 (+2.9%)
2015
$1,449 (+1.5%)
2014
$1,427 (+1.9%)
2013
$1,400 (+10.2%)
2012
$1,270 (+2.8%)
2011
$1,236 (+2.9%)
2010
$1,201 (+2.6%)
2009
$1,171
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.35 Acres
Year renovated
1935
Sq. Ft.
576
Year built
1935
Style
Single Family Residential
County
Lane County
APN
0562882
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
Property details
Interior
Appliances
Hot Water Description: Electricity
Exterior
Exterior Features
Roof: Composition
Exterior Description: Wood Siding
Lot Information
Lot Size Range: 20,000 SqFt to .99 Acres
Lot Size: 20,000 SqFt to .99 Acres
Lot Features: Level
Parcel Number: 0562874
Parcel Number 2: 0562882
Property Information
Property Type: Multi Family
Property Attached YN: No
View YN: No
Building Information
Year Built: 1935
Financial
Tax Information
Tax Legal Description: TL 01100
Tax Annual Amount: $1,670
Rent Information
Rent Includes: Sewer, Water
Lease / Rent Information
CAP Rate: 5.78
Gross Rent Multiplier: 129.76
Utilities
Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Septic Tank
Heating & Cooling
Heating YN: Yes
Heating: Baseboard
Cooling YN: No
Location
Multi Unit Information
# Of Units Total: 2
Unit Information
Unit Type: 1, 2
Unit Type 1 Information
Actual Rent: $700
Area: 600
Baths Total: 1
Beds Total: 2
Features: Range, Refrigerator
Units Total: 1
Unit Type 2 Information
Actual Rent: $700
Area: 600
BathsTotal: 1
Beds Total: 2
Features: Range
Units Total: 1
School Information
Elementary School: Mt Vernon
High School: Thurston
Location Information
Directions: Main Street S. on 42nd Street
Unparsed Address: 770 S 42ND ST, Springfield, OR 97478
Community Information
Zoning: MDR
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 576
Stories: 1.0
Lot Size: 0.35 acres
Style: Single Family Residential
Year Built: 1935
Year Renovated: 1935
County: Lane County
APN: 0562882
Home facts updated by county records on Aug 19, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
Around this home
Schools
Mt Vernon Elementary School
Public K-5 • Assigned • 0.2mi
3/10
Agnes Stewart Middle School
Public 6-8 • Assigned • 1.0mi
6/10
Springfield High School
Public 9-12 • Assigned • 2.8mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 91° expected this year, 16 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 • 97478
Average low and high temperatures (°F)
48
33
51
37
58
41
64
42
69
47
77
51
85
56
86
57
77
52
64
44
53
41
50
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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.
10.6 hrs
2.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$372,000 – $451,000
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