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    1955 16Th St Springfield, OR 97477

    For Sale
    $225,000

    LAND - Springfield, OR

    Lot size:
    0.10 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 11 at 3:06 pm

    Property Features for 1955 16Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    APN
    1918096
    Lot size
    0.10 Acres

    Elite Realty Professionals (541) 206-8528 [email protected]

    Listing agent Brad Griffin (541) 484-6000

    Listing date Dec 4, 2025

    MLS# 212026154 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Corner Lot Ready to Build

    This corner lot is suitable for multifamily development. Sidewalk has been installed. Sewer, water, and power are available to the lot. The lot has recently been partitioned off of 1975 16th and is ready to build. The property is located in Springfield, Oregon. The lot size is 0.1 acres. Buyer to verify all dimensions and buildability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -123.000973
    Latitude
    44.064662

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    FAQs

    What type of property is this?
    Land - Prime corner lot ready for multifamily development in Springfield, Oregon.
    Where is this land located?
    The property is located at 1955 16Th St Springfield, OR.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Prime multifamily corner lot location.; - Sewer connection available to the lot.; - Water connection available.
    (541) 484-6000
    Request Owner's contact information
    1955 16Th St Springfield, OR 97477
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    Springfield, OR 97477
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1955 16Th St Springfield, OR 97477
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