1194 R St, Springfield, OR 97477
MULTI_FAMILY - Springfield, OR
- Added:
- Mar 5, 2026
- Days on Market:
- 97
- Last Refresh:
- Jun 10 at 2:06 am
Property Features for 1194 R St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 3, Bathroom 6, Bedroom 8, Bedroom 4, Bedroom 7, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 4, Bathroom 7, Bathroom 1, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 5
- Standard status
- Active
- APN
- 1259884
- Size
- 3,604 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- 17-03-26-14-02602
- Tax Annual Amount
- 6209
Utilities
- Heating system
- Ceiling
Building Details
- Year built
- 1982
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition, Shingle
Listing agent Joshua Glaspie License #201224520 (541) 359-9132
Listing office ICON Real Estate Group 2655 Willamette St, Springfield, OR (541) 915-2080
Listing date Mar 5, 2026
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.
HighLights
- Fourplex built in 1982 in Springfield’s Hayden Bridge neighborhood
- Four units with 2 bedrooms and 1.5 bathrooms each
- In‑unit laundry hookups in every unit
- Designated parking included for residents
- All units are currently leased for immediate income
- Brand new roof reported; adjacent fourplex on the same lot also available for up to 8 total units
Overview
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 | $54.1k | $15.00 |
| − Vacancy | −$3.5k | −$0.98 |
| EGI | $50.5k | $14.03 |
| − OpEx | −$15.2k | −$4.21 |
| NOI | $35.4k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Lane
- State
- Oregon
- Longitude
- -123.008813
- Latitude
- 44.06411
