Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1180 R St Springfield, OR 97477

    View on Map
    Claim this Listing
    For Sale
    $629,000

    MULTI_FAMILY - Springfield, OR

    Property size:
    3,604 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $174/SF
    Added:
    Mar 5, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 22 at 11:06 am

    Property Features for 1180 R St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    8
    Bathrooms
    8
    Rooms
    Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 8, Bathroom 6, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 4, Bathroom 4
    Standard status
    Active
    APN
    1307568
    Size
    3,604 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    17-03-26-14-02606
    Tax Annual Amount
    6086

    Utilities

    Heating system
    Ceiling

    Building Details

    Year built
    1982
    Number of units
    4
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Joshua Glaspie
    Joshua Glaspie

    Listing agent Joshua Glaspie License #201224520

    Listing office ICON Real Estate Group 2655 Willamette St, Springfield, OR

    Listing date Mar 5, 2026

    MLS# 613332159 Listing URL

    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.

    Overview

    Springfield Fourplex with Immediate Income

    This fourplex is located in Springfield's Hayden Bridge neighborhood. The property includes four 2-bedroom, 1.5-bathroom units, each equipped with in-unit laundry hookups and designated parking. All units are currently leased, providing immediate income. The property is conveniently positioned with access to shopping, restaurants, and public transit. The building has a brand new roof. The lot size is 0.24 acres and the property size is 3604 square feet. The zoning is R2. An adjacent fourplex on the same lot is also offered separately, creating an opportunity to acquire up to eight total units in one location, with the flexibility to purchase individually or together as a package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -123.00903
    Latitude
    44.064109

    Nearby Similar for Sale

    • $650,000
      2,680 SF

      New Springfield Duplex Investment Opportunity

      Brand-new duplex with strong rental appeal and modern amenities.
      231/233 S 41ST Pl, Springfield, OR 97478
      View Details
    • $629,000
      3,604 SF

      Springfield Fourplex with Immediate Income

      Four 2-bedroom units, leased, with new roof and parking.
      1194 R St, Springfield, OR 97477
      View Details
    • $425,000
      1,646 SF

      Springfield Duplex Near Tyson Park

      Well-maintained 1646 sqft duplex with fenced yards and garages.
      3542 3544 E St, Springfield, OR 97478
      View Details
    • $789,000
      2,780 SF

      Spacious Home with Income-Producing ADU

      4-bedroom home with permitted ADU in Sheldon School District.
      520 ETHAN Ct, Springfield, OR 97477
      View Details
    • $974,900
      3,744 SF

      Four-Unit Multifamily Investment Property

      Four turnkey rental units, 100% occupied, in a well-kept neighborhood.
      1905 17TH St, Springfield, OR 97477
      View Details
    • $299,900
      544 SF

      Springfield Multifamily Investment Opportunity

      Multifamily property with upside potential in Springfield, Oregon.
      1566 LAURA St, Springfield, OR 97477
      View Details
    • $465,000
      1,980 SF

      Thurston Area Townhouse Style Duplex

      Spacious duplex in Springfield's Thurston area, ideal for investors.
      616 S 71ST St, Springfield, OR 97478
      View Details
    • $675,000
      3,372 SF

      Updated Fourplex in Springfield, Oregon

      Well-maintained fourplex with recent upgrades and long-term tenants.
      5495 A Units 69,70,71,72 St, Springfield, OR 97478
      View Details
    • $200,000

      Profitable Marijuana Dispensary Opportunity

      Established cannabis dispensary business for sale in Springfield, Oregon.
      Main Street, Springfield, OR 97477
      View Details
    • $680,000
      1,770 SF

      Restaurant Building in Bustling Area

      1770 SF restaurant building with drive-through and parking.
      774 MAIN ST, Springfield, OR 97477
      View Details
    • $900,000
      3,339 SF

      Professional Office Building For Sale

      Well-maintained office building suitable for medical or professional use.
      1290 W Centennial Blvd, Springfield, OR 97477
      View Details
    • $695,000
      2,080 SF

      Retail Property with Outdoor Space

      2,080 SF retail space with large outdoor area.
      1782 5th St, Springfield, OR
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom units, leased, with new roof and parking.
    Where is this quadplex located?
    The property is located at 1180 R St Springfield, OR.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: Brand new roof; Four 2‑bedroom, 1.5‑bathroom units; In‑unit laundry hookups
    (541) 359-9132
    We can help!
    Listing Contact
    Joshua Glaspie
    Joshua Glaspie
    Real Estate License ID: 201224520
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!