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    1194 R St Springfield, OR 97477

    For Sale
    $699,000

    MULTI_FAMILY - Springfield, OR

    Property size:
    3,604 SF
    Lot size:
    0.24 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1194 R St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    Rooms
    Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 8, Bathroom 2, Bedroom 7, Bedroom 4, Bedroom 2
    Bedrooms
    8
    APN
    1259884
    Size
    3,604 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Ceiling

    Building Details

    Year built
    1982
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    ICON Real Estate Group (541) 729-4063 [email protected]

    Listing agent Joshua Glaspie (541) 915-2080

    Listing date Oct 17, 2025

    MLS# 480520678 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

    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 benefits from its convenient position, offering access to shopping, restaurants, and public transit. The building has a new roof. The lot size is 0.24 acres and the property size is 3604 square feet. An adjacent fourplex on the same lot is also offered separately, presenting an opportunity to acquire up to eight units in one location. The zoning is R2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -123.008813
    Latitude
    44.06411

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    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom units, leased, new roof, convenient location.
    Where is this quadplex located?
    The property is located at 1194 R St Springfield, OR.
    What is the asking price?
    The asking price for this property is $699,000.
    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) 915-2080
    Request Owner's contact information
    1194 R 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
    1194 R St Springfield, OR 97477
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