Four-Unit Duplex Rental
1905 17TH St Springfield, OR 97477
1905 17TH St, Springfield, OR, 97477
$949,900
For Sale
$949,900
MULTI_FAMILY - Springfield, OR
Property Size3,744 SF
Lot Size0.22 Acres
Price / SF$253.71
Days on Market287
Property Features for 1905 17TH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 1, Bathroom 6, Bathroom 7, Bathroom 3, Bedroom 11, Bedroom 6, Bedroom 5, Bedroom 10, Bedroom 4, Bathroom 2, Bathroom 8, Bathroom 4, Bathroom 5, Bedroom 8, Bedroom 3, Bedroom 12, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 9
- Standard status
- Active
- APN
- 1534492
- Size
- 3,744 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- Map & Taxlot: 17-03-25-24-03902
- Tax Annual Amount
- 6033
Utilities
- Heating system
- Zoned
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
Listing agency
Real Broker
(855) 450-0442
Listed by
Derik Bannister · License #201261238
(530) 736-7085
Added: Oct 10, 2025 Updated: Jul 23 at 4:39AM Checked: Jul 23 at 7:06AM
MLS# 487334369
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 for-sale four-unit rental property consists of two duplexes on a single lot, totaling four residential units. The duplex pair was built in 1999 and has had brand new roofs installed. Each unit features a bright, functional floor plan with three bedrooms and 1.5 bathrooms, along with durable finishes. A single-car garage is provided for each unit, supporting day-to-day convenience and low exterior upkeep, and the property includes low-maintenance landscaping.
The address is 1905 17TH St in Springfield, Oregon, within an R2 zoning designation. The property is described as being in a quiet, well-kept neighborhood and is positioned about 9 minutes to Autzen Stadium, 12 minutes to the University of Oregon, and 12 minutes to Bushnell College. It is also noted as being near shopping, schools, hospitals, and commuter routes.
For investors or owner-operators, the asset presents a turnkey residential setup with four total units that are currently described as 100% occupied. With garages for each unit and the updates noted above, the property may appeal to tenants seeking in-unit bedroom and bathroom space supported by on-site parking, while supporting a straightforward multi-unit ownership structure on one parcel.
The address is 1905 17TH St in Springfield, Oregon, within an R2 zoning designation. The property is described as being in a quiet, well-kept neighborhood and is positioned about 9 minutes to Autzen Stadium, 12 minutes to the University of Oregon, and 12 minutes to Bushnell College. It is also noted as being near shopping, schools, hospitals, and commuter routes.
For investors or owner-operators, the asset presents a turnkey residential setup with four total units that are currently described as 100% occupied. With garages for each unit and the updates noted above, the property may appeal to tenants seeking in-unit bedroom and bathroom space supported by on-site parking, while supporting a straightforward multi-unit ownership structure on one parcel.
Key Highlights
- Built in 1999: up/down duplex pair at 1901–1907 N 17th St with four total rental units (100% occupied)
- Two duplexes on one lot, each unit with 3 bedrooms and 1.5 bathrooms
- Single‑car garage included for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.2k | $15.00 |
| − Vacancy | −$3.7k | −$0.98 |
| EGI | $52.5k | $14.03 |
| − OpEx | −$15.8k | −$4.21 |
| NOI | $36.8k | $9.82 |
3,744 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.1K
$459.5K – $612.6K
NOI $36,757 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$488.8K
$427.7K – $570.3K
NOI $34,217 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$947.2K
$828.8K – $1.11M
NOI $66,303 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two duplexes on one lot offer four occupied rental units with 3BR/1.5BA layouts and single-car garages.
Where is this quadplex located?
The property is located at 1905 17TH St Springfield, OR.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Built in 1999: up/down duplex pair at 1901–1907 N 17th St with four total rental units (100% occupied); Two duplexes on one lot, each unit with 3 bedrooms and 1.5 bathrooms; Single‑car garage included for each unit
