$450000
Price cut: $50K (12-04-2025)
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3 Bed
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1 Bath
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1272 SqFt
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54 DOM
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Built: 1951
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Status: Active
Love this home?
Rare opportunity in a prime Springfield location! The City has approved a plan in the Development Initiation Meeting to partition the property into three lots, offering excellent flexibility for future build-out. Even better, the property also qualifies for up to four total residences without requiring a partition, giving buyers multiple development paths.A virtual tour video is available and includes the full planning meeting and transcript. It’s an eye-opening look at how supportive and solution-oriented the City of Springfield has been in helping this project move forward.The existing home is livable and currently occupied, making it a great candidate for a cosmetic facelift or full remodel. A new roof has already been completed. The large shop building provides additional upside and can be upgraded into a small home or accessory dwelling.A site diagram shows Rainbow Drive bordering the north side of the property and illustrates the three approved lots. The seller originally intended to complete the development but has since shifted plans, creating a rare chance for the next owner to step in with a significant head start.Located within walking distance of Autzen Stadium and Springfield High, this property sits in a highly desirable, walkable corridor with strong long-term value and excellent investment potential.
Listing Provided Courtesy of Ruth Kuehl, Eugene Track Town Realtors LLC
General Information
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107477481
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SingleFamilyResidence
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54 DOM
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3
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0.33 acres
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1
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1272
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1951
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Lane
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0234920
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Centennial
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Briggs
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Springfield
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Residential
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SingleFamilyResidence
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17 03 27 42 04 04700
Listing Provided Courtesy of Ruth Kuehl, Eugene Track Town Realtors LLC
PDXA1 Realty Group data last checked: Dec 31, 2025 06:44 | Listing last modified Dec 28, 2025 15:20,
Source:
Residence Information
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0
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1272
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0
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1272
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RLID
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1272
-
-
3
-
1
-
0
-
1
-
Composition
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Converted
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Stories1,Ranch
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Driveway
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1
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1951
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No
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T111Siding, WoodSiding
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RVParking
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-
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Block,PillarPostPier
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VinylFrames
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Features and Utilities
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SlidingDoors
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Dishwasher, FreeStandingRange, FreeStandingRefrigerator
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CeilingFan, HardwoodFloors, HighSpeedInternet
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RVParking
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-
-
Electricity, Gas
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ForcedAir
-
PublicSewer
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Electricity, Gas
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Electricity
Financial
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2681.25
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0
-
-
-
-
Cash
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11-05-2025
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-
No
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No
Comparable Information
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54
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56
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Cash
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$500,000
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$450,000
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Dec 28, 2025 15:20
Schools
Map
Listing courtesy of Eugene Track Town Realtors LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Dec 31, 2025 06:44 | Listing last modified Dec 28, 2025 15:20.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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