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Hotel Property with Apartment Conversion Potential
For Sale
$2,100,000

1152 MAIN St, Springfield, OR 97477

MultiFamily, Springfield, OR

Property SizeContact for details
Lot Size0.58 Acres
Days on Market50

Property Features for 1152 MAIN St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning CC
Bedrooms 1
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bathroom 2
Elementary school Two Rivers
Middle school Hamlin
High school Springfield
Directions West on Main Street, building on the left between 11th and before 12th
Subdivision _249
Standard status Active
APN 0316792
Lot size 0.58 Acres

Taxes and HOA fees

Tax Description 17-03-35-41-04200
Tax Annual Amount 15757
Legal Description 17-03-35-41-04200

Utilities

Heating system Ductless (Heating)
Cooling system Wall Unit(s)

Amenities

on-site laundry
storage
covered parking

Building Details

Year built 1941
Floors in Building 2
Number of units 26
Roof type Membrane, Composition
Listing Agency: Hybrid Real Estate
Listed By: Heather Tipler
Added: Jul 30 Changed: Sep 16 Last Checked: Sep 17 at 9:06AM
MLS# 477023850

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1941 hotel property sits on 0.58 acres and offers an existing layout suited to apartment conversion. Units include private bathrooms, mini refrigerators, spacious floor plans, and kitchenette plumbing already in the walls. On-site laundry, seven storage units, covered parking, and additional parking support the existing configuration. The property is zoned CC and features ductless heating with wall-unit cooling.

Recent capital improvements include a membrane roof replacement in 2020, a new shingle roof in 2022, exterior painting, and a parking lot repaved in 2024. An owner’s residence adds a private entrance, updated kitchen with granite countertops, living and dining areas, fenced yard, remodeled bathroom, oversized bedroom with dual closets, private laundry, and direct office access. The property is located in Springfield with access to downtown, the University of Oregon, major employers, shopping, dining, public transportation, and everyday amenities.

Key Highlights

  • 0.58‑acre hotel property at 1152 MAIN St, Springfield, OR 97477
  • Existing hotel layout with private bathrooms and kitchenette plumbing in many units
  • CC zoning and 1941 construction

Property Analytics

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Current Use

Regency Inn Hotel & Motel

Suggested Use

Top Pick HVAC Service Garden Center Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

792
Businesses Nearby

Demographics for 97477, OR

37,602
Population
16,572
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
3,032
Density / Sq Mi
$63,574
Median Household Income
$35,645
Median Earnings
$1,176
Median Rent
$345,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Existing hotel layout includes private bathrooms, kitchenette plumbing, on-site laundry, storage, and parking.
Where is this hotel located?
The property is located at 1152 MAIN St Springfield, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 0.58‑acre hotel property at 1152 MAIN St, Springfield, OR 97477; Existing hotel layout with private bathrooms and kitchenette plumbing in many units; CC zoning and 1941 construction
More about this property
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