- For Sale $950,000
- Property Type VacantLand
- Property Size 129,808.8 SF
- Lot Size 2.98 Acre
- Date Updated May 11, 2026
Description
This unique, 2.98 acre, former railway right-of-way site has been designed as a middle housing development with twenty-eight (28) units to be constructed in ten (10) duplex/
triplex buildings. The property is adjacent to Peacehealth Campus at Riverbend and just minutes from the vibrant Gateway area of Springfield.
The seller has bids on file for all the needed infrastructure. All ten buildings are designed and there is just a small amount of engineering to be completed to make final construction drawings.
Additionally, the property includes a 1,122 sf single family residence built in 1952. The 3-bedroom, 1-bath, house is currently leased at the under-market rent of $1,695/month.
• 28 New construction lots plus, a single family residence
• 2.98 Acres less than 1 mile to Riverbend Hospital Complex & Gateway Shopping Hub
• Fully approved and ready for infrastructure construction
• All units fully designed
• 4J School District
SALE PRICE: $950,000
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Contacts
Evans Elder Brown & Seubert
Location
Located at 3333 Pheasant Blvd, Springfield, OR 97477, this property is part of the Springfield neighborhood and Eugene market.
Evans Elder Brown & Seubert