1320 SPRUCE St, Florence, OR 97439
MULTI_FAMILY - Florence, OR
- Added:
- Apr 20, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 9 at 6:06 pm
Property Features for 1320 SPRUCE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HR
- Bedrooms
- 14
- Bathrooms
- 8
- Rooms
- Bedroom 7, Bathroom 6, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 11, Bedroom 14, Bedroom 13, Bathroom 7, Bathroom 8, Bedroom 12, Bedroom 10, Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 9, Bathroom 4, Bathroom 2
- Standard status
- Active Under Contract
- APN
- 1403672,1403664
- Size
- 6,522 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Description
- 18-12-26-24-01210,01209,01208,01207,01206,01205,01204,01203,01202
- Tax Annual Amount
- 14747
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 8
- Roof type
- Composition
Listing agent Desiree Clifton License #200410278 (541) 999-5223
Listing office Windermere Real Estate Lane County 1625 12th St, Florence, OR (541) 997-5926
Listing date Apr 20, 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
- Four fully rented duplexes for consistent rental income
- Property backs up to the Munsel Creek bike path greenbelt for a wooded backdrop in the rear yards
- Built in 1984
- Forced air heating
- Composition roof
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 | $97.8k | $15.00 |
| − Vacancy | −$6.4k | −$0.98 |
| EGI | $91.5k | $14.03 |
| − OpEx | −$27.4k | −$4.21 |
| NOI | $64.0k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Lane
- State
- Oregon
- Longitude
- -124.098524
- Latitude
- 43.978518
