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4135 Forsythia St, Springfield, OR, 97478

6beds
6baths
2,966sqft
$579,000
$195price/sqft
$4,223/moest. monthly cost
$168,920/yrincome needed

About This Home

Investor opportunity with significant upside potential! This well-maintained duplex offers two spacious units, each featuring 3 bedrooms, 2.5 bathrooms, approximately 1,483 square feet of living space, indoor laundry, attached single-car garages, and private fenced backyards. The functional two-story floorplans provide desirable living spaces that continue to attract long-term tenants. Newer roof (2023), new fencing (2026), new exterior paint (2026), LVP flooring main level in both units. Conveniently located in northeast Springfield near shopping, schools, medical facilities, and major commuter routes, this property offers a strong combination of location, unit mix, and long-term investment potential. Whether you're looking to expand your portfolio or acquire a value-add asset with built-in upside, this duplex deserves serious consideration. Buyer to perform their own due diligence.

Getting Around

46
WalkingCar-Dependent
30
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

6/10
4/10
Springfield High SchoolGrades 9-122.7 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 1997

Materials

  • Roof: Composition,Shingle
  • Construction materials: T111 Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range,Electric Water Heater
  • Laundry features: Washer Dryer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 4
  • Partial bathrooms: 2

Interior Area

  • Total structure area: 2,966
  • Total interior livable area: 2,966 sqft

Property

Details

  • Parcel number: 1582582
  • Zoning: R1, R2

Features

  • Stories: 2

Lot

  • Lot size: 6,534 sqft
  • Features: Level,SqFt 5000 to 6999

Parking

  • Total spaces: 2
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters in Lane County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,927$35,124
Home Insurance *$136$1,632
Property Taxes $891$10,692
Electricity $269$3,230
Total$4,223$50,676
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$144,788/yr
40% on housing$126,690/yr
45% on housing$112,613/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$195This listing

vs Other Active Listings

Avg $/sqft

ZIP 97478$199
Lane County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 97478$298
Lane County$294

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

DateEventPrice
2026-06-18Listed for sale$579,000
2013-11-05Sold$215,000
1997-06-18Sold$37,000

For Sale by Agent

AgentKara Schmidt
BrokerageElevate Real Estate Group

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