Fourplex with In-Unit
1180 R Street Springfield, OR 97477
For Sale
$629,000
Four leased 2-bedroom units each include in-unit laundry hookups and designated parking, with a newly installed roof.
Property Size3,604 SF
Price / SF$174.53
Days on Market151
Property Features for 1180 R Street
General Information
- Standard status
- Active
- Size
- 3,604 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1982
Listing Agency:
ICON Real Estate Group
(541) 359-9132
Listed By:
Joshua Glaspie · License #201224520
(541) 359-9132
Source:
Compass
Added: Feb 22
Changed: Jul 23
Last Checked: Jul 23 at 6:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ICON Real Estate Group
Investment Insights
Based on property information with market context.
This fourplex includes four 2-bedroom, 1.5-bathroom units. Each unit is set up with in-unit laundry hookups and designated parking. The property also has a brand new roof.
The asset is positioned in Springfield’s Hayden Bridge neighborhood with convenient access to shopping, restaurants, and public transit.
An adjacent fourplex on the same lot is offered separately at the same list price, allowing buyers the option to purchase up to eight total units together or separately.
The asset is positioned in Springfield’s Hayden Bridge neighborhood with convenient access to shopping, restaurants, and public transit.
An adjacent fourplex on the same lot is offered separately at the same list price, allowing buyers the option to purchase up to eight total units together or separately.
Key Highlights
- Fourplex in Springfield’s Hayden Bridge neighborhood with four leased 2‑bedroom, 1.5‑bath units
- In‑unit laundry hookups in each unit plus designated parking
- Brand new composition shingle roof
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 | $54.1k | $15.00 |
| − Vacancy | −$3.5k | −$0.98 |
| EGI | $50.5k | $14.03 |
| − OpEx | −$15.2k | −$4.21 |
| NOI | $35.4k | $9.82 |
3,604 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$505.5K
$442.3K – $589.7K
NOI $35,382 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$470.5K
$411.7K – $549.0K
NOI $32,938 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$911.8K
$797.8K – $1.06M
NOI $63,824 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four leased 2-bedroom units each include in-unit laundry hookups and designated parking, with a newly installed roof.
Where is this quadplex located?
The property is located at 1180 R Street 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: Fourplex in Springfield’s Hayden Bridge neighborhood with four leased 2‑bedroom, 1.5‑bath units; In‑unit laundry hookups in each unit plus designated parking; Brand new composition shingle roof
