Two-Story Fourplex with Private
168 S 63rd St Springfield, OR 97478
168 S 63rd St, Springfield, OR, 97478
$720,000
For Sale
$720,000
Four residential units in a two-story 1979 quadplex, each with a private garage and fenced yard access.
Property Size4,940 SF
Lot Size0.24 Acres
Price / SF$145.75
Days on Market111
Property Features for 168 S 63rd St
General Information
- Standard status
- Active
- Size
- 4,940 SF
- Lot size
- 0.24 Acres
- Property subtype
- Multifamily
Listing agency
Portland Office
(503) 200-2072
Listed by
Joshua C. Reynolds · License #OR: 201237753
(503) 200-2072
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 8:44AM Checked: Jul 22 at 8:44AM
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 Portland Office
Investment Insights
Based on property information with market context.
The 63rd Street Fourplex is a two-story multifamily property built in 1979 offering four residential units. The unit mix includes two two-bedroom, one-and-one-half-bathroom units and two three-bedroom, one-and-one-half-bathroom units. Each unit features private garages and fenced yards, creating a more single-family feel for day-to-day living. The property is individually metered for electricity and water.
Located at 168 S. 63rd Street in Springfield, Oregon, the fourplex is positioned in a convenient residential area with access to major transportation corridors, including Highway 126 and Interstate 5. Nearby amenities include Gateway Mall and RiverBend Medical Center, along with shopping, dining, and entertainment options along Gateway Street and Beltline Road.
With approximately 0.24 acres and roughly 4,940 square feet of total living space, this four-unit property provides a straightforward residential income configuration with larger floor plans across the unit mix.
Located at 168 S. 63rd Street in Springfield, Oregon, the fourplex is positioned in a convenient residential area with access to major transportation corridors, including Highway 126 and Interstate 5. Nearby amenities include Gateway Mall and RiverBend Medical Center, along with shopping, dining, and entertainment options along Gateway Street and Beltline Road.
With approximately 0.24 acres and roughly 4,940 square feet of total living space, this four-unit property provides a straightforward residential income configuration with larger floor plans across the unit mix.
Key Highlights
- Two‑story fourplex built in 1979 at 168 S. 63rd Street in Springfield, OR
- Four residential units totaling approx. 4,940 SF: two 2BD/1.5BA and two 3BD/1.5BA
- Each unit includes a private garage and a fenced yard
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 | $74.1k | $15.00 |
| − Vacancy | −$4.8k | −$0.98 |
| EGI | $69.3k | $14.03 |
| − OpEx | −$20.8k | −$4.21 |
| NOI | $48.5k | $9.82 |
4,940 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.8K
$606.2K – $808.3K
NOI $48,498 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$645.0K
$564.4K – $752.5K
NOI $45,148 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,483 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residential units in a two-story 1979 quadplex, each with a private garage and fenced yard access.
Where is this quadplex located?
The property is located at 168 S 63rd St Springfield, OR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑story fourplex built in 1979 at 168 S. 63rd Street in Springfield, OR; Four residential units totaling approx. 4,940 SF: two 2BD/1.5BA and two 3BD/1.5BA; Each unit includes a private garage and a fenced yard
