Turnkey Four-Unit Rental
1905 17th Street Springfield, OR 97477
1905 17th Street, Springfield, OR, 97477
$985,000
For Sale
$985,000
Two duplexes on one lot offer four 3BR/1.5BA units built in 1999, each with a single-car garage.
Property Size3,744 SF
Price / SF$263.09
Days on Market287
Property Features for 1905 17th Street
General Information
- Standard status
- Active
- Size
- 3,744 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1999
Listing agency
Real Broker
(530) 736-7085
Listed by
Derik Bannister · License #201261238
(530) 736-7085
Source
Compass
Added: Oct 10, 2025 Updated: Jul 22 at 6:40PM Checked: Jul 22 at 6:40PM
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 Real Broker
Investment Insights
Based on property information with market context.
This turnkey quadplex is configured as two duplexes on one lot, providing four rental units in total. Built in 1999 with energy-efficient “Good Cents” construction, the property offers bright, functional layouts across all units. Each unit features three bedrooms and 1.5 bathrooms, along with durable finishes and a single-car garage. Low-maintenance landscaping supports an easy-to-operate exterior, and the property is currently reported as 100% occupied.
The asset is located in a quiet, well-kept neighborhood with convenient access to everyday needs, including shopping, schools, and hospitals, as well as commuter routes. It is also described as being approximately 9 minutes to Autzen Stadium, 12 minutes to U of O, and 12 minutes to Bushnell College.
For investors or owner-occupants seeking a rental setup with stable occupancy and minimal turnover, this well-maintained, garage-equipped four-unit property is presented as a straightforward buy-and-hold opportunity.
The asset is located in a quiet, well-kept neighborhood with convenient access to everyday needs, including shopping, schools, and hospitals, as well as commuter routes. It is also described as being approximately 9 minutes to Autzen Stadium, 12 minutes to U of O, and 12 minutes to Bushnell College.
For investors or owner-occupants seeking a rental setup with stable occupancy and minimal turnover, this well-maintained, garage-equipped four-unit property is presented as a straightforward buy-and-hold opportunity.
Key Highlights
- 4 total units: two duplexes on one lot, with each unit offering 3BR/1.5BA
- Built in 1999 with Good Cents energy‑efficient construction
- Each unit includes a single‑car garage
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 3.73%
Second Best
Apartment 5plus
$488.8K
$427.7K – $570.3K
NOI $34,217 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$947.2K
$828.8K – $1.11M
NOI $66,303 @ 7.0% cap · market cap 6.73%
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 - Two duplexes on one lot offer four 3BR/1.5BA units built in 1999, each with a single-car garage.
Where is this quadplex located?
The property is located at 1905 17th Street Springfield, OR.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 4 total units: two duplexes on one lot, with each unit offering 3BR/1.5BA; Built in 1999 with Good Cents energy‑efficient construction; Each unit includes a single‑car garage
