1152 Main St, Springfield, OR, 97477
About This Home
Unlock the potential of this exceptional redevelopment opportunity w/ a property ideally suited for conversion into much-needed apartments. Located in a highly desirable area w/ convenient access to downtown Springfield, the University of Oregon, major employers, shopping, dining, public transportation & everyday amenities, this property offers an outstanding foundation for investors seeking to capitalize on the growing demand for rental housing. Listed at under $100k per door this amazing opportunity will not last long! The existing hotel layout provides an ideal framework for apartment conversion w/ many units already having kitchenette plumbing in the walls, all furniture included, units each feature private bathrooms, spacious floor plans, mini refrigerators, on site laundry & storage. These features can streamline the transition into comfortable studio or one-bedroom apartments. The property has been extensively maintained & updated, offering peace of mind for future ownership. Recent improvements include a newly paved parking lot completed in 2024, a membrane roof replaced in 2020, a new shingle roof installed in 2022, fresh exterior paint, seven on-site storage units, ample parking including covered spaces & lots of parking. An additional highlight is the spacious owner's residence, which could be repurposed as a larger rental unit, leasing office or community amenity space. The residence features a private entrance, updated kitchen w/ granite countertops, luxury vinyl plank flooring, dining area, generous living room, fenced yard, ductless heating and cooling, remodeled bathroom, oversized bedroom with dual closets, private laundry, and direct access to the office. With strong fundamentals, significant infrastructure updates already completed & flexible redevelopment possibilities, this property presents an exceptional opportunity to create a high demand apartment community with outstanding upside potential!
Getting Around
Very Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Existing
- Year built: 1941
Materials
- Foundation: Slab
- Roof: Composition,Membrane
- Construction materials: Block,Stucco,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Microwave,Refrigerator,Range,Electric Water Heater
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 26
- Full bathrooms: 26
Features
- Storage
Heating & Cooling
- Heating features: Ductless,Other
- Cooling features: Wall Unit(s),Air Conditioning
Interior Area
- Total structure area: 5,300
- Total interior livable area: 5,300 sqft
Property
Details
- Parcel number: 0316792
- Zoning: CC
Features
- Stories: 2
Lot
- Lot size: 0.58 Acres
- Features: Level,SqFt 20000 to Acres1
Parking
- Parking features: Covered,Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Lane County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,618 | $127,416 |
| Home Insurance * | $464 | $5,568 |
| Property Taxes | $1,365 | $16,380 |
| Electricity | $480 | $5,771 |
| Total | $12,927 | $155,124 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-02 | Listed for sale | $2,100,000 |
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