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Sold on 01/08/2024
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1201 R St, Springfield, OR 97477

$745,000

Last sold 01/08/2024 after 4 Days

  • —

    bed

  • —

    bath

  • 3,392

    Sqft ($220/Sqft)

Multi-family not for sale
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About 1201 R St

Property type Multi-family
Neighborhood
Year built 1994
HOA fee $0/month
Rental estimate
Property description
Well maintained 4-plex with private-off street parking and common area for vegetables and flowers. Long term tenants with low vacancy and potential for value add. Owner managed/maintained leading to a strong Cap rate, great opportunity for buyer to do the same. Very close to bus line, shopping and entertainment which was a strong factor as a successful short term rental. All units updated approximately 5 years ago with new appliances & floor coverings. New roof installed in 2011 with 40 year roof. Owners are licensed real estate agents in the state of Oregon.
Listed by
Listing Agent - Alec Armour
Listing Agent Contact: 541-905-9266
Listing Office - Windermere RE Lane County
Source: RMLS mls logo
MLS#23333973 • last updated 2 years ago
Movoto checked RMLS for data 7 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Wall Furnace
MLS # 23333973
Type Multi Family
Status Sold
Property Tax 5191.58
Year Built 1994
Exterior
Roof Composition
# Parking Spaces 16
Exterior Features T-111 Siding, Wood Siding
Lot Desc Cul-de-sac, Level, On Busline
Amenities / Utilities
Hot Water Electricity, Tank
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Community Features Commons
Area 249 - Lane Co: Springfield
Middle School Springfield
Zoning Multi
Directions 11th
APN 1458734
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 4: Rent 1199
Unit Type 3: Rent 1250
Unit Type 2: Rent 1166
Total # of Units 4
Gross Rent Multiplier 12.34
Operating Expense Scheduled 8300
Net Operating Income 52479
Operating Expense 8300
Gross Scheduled Income 60780
Gross Income 60780
Cap Rate 7
Net Scheduled Income 52479
Lot/ Land Details
Road Surface Concrete
We are not permitted to show value estimates for this property.
  • Apr 2024
    mls logo MLS # 24153821
  • Apr 23, 2024 Listed
    $850,000 (+14.1%)
  • Jan 23, 2024 Price Change
    $815,000 (-4.1%)
  • Jan 12, 2024 Listed
    $850,000 (+13.3%)
  • Apr 2024
    mls logo MLS # 23333973
  • Apr 9, 2024 Sold
    $745,000
  • Jan 8, 2024 Pending
    —
  • Jan 4, 2024 Listed
    $750,000 (-37.5%)
  • Feb 2024
    Public Records
  • Feb 13, 2024 Sold
    $745,000 (-8.6%)
  • Dec 2021
    Public Records
  • Dec 15, 2021 Sold
    $1,200,000
  • Dec 2021
    mls logo MLS # 21067560
  • Dec 15, 2021 Sold
    $1,200,000
  • Oct 29, 2021 Pending
    —
  • Oct 28, 2021 Listed
    $1,200,000
  • Year Property taxes Tax assessment
  • 2024
    $5,422 +4.4%
    $291,802 +3.0%
  • 2023
    $5,192 +3.4%
    $283,303 +3.0%
  • 2022
    $5,022 +1.8%
    $275,052 +3.0%
  • 2021
    $4,932 +3.0%
    $267,041 +3.0%
  • 2020
    $4,788 +3.1%
    $259,264 +3.0%
  • 2019
    $4,644 +6.1%
    $251,713 +6.09%
  • 2018
    $4,377
    $237,264
  • 1201 R St
    $745K
  • Q Street
    $429K +7% y/y
  • 97477
    $399K -6% y/y
  • Springfield
    $446K -1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Briggs Middle School
public Grades 6-8
Springfield School District 19
3/10
Springfield High School
public Grades 9-12
Springfield School District 19
Source: GreatSchools.org © 2026. All rights reserved.

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