1194 R ST

Springfield, OR 97477

$735,000

This fourplex in Springfield’s Hayden Bridge neighborhood includes four 2-bedroom, 1.5-bathroom units with in-unit laundry hookups and designated parking, all currently leased for immediate income. Conveniently positioned with access to shopping, restaurants, and public transit, the property demonstrates consistent rental performance. An adjacent fourplex on the same lot is also… Read MoreRead Less

Listing courtesy of ICON Real Estate Group.

Listing Snapshot

Days Online

Last Updated

Oct 6, 2025

Square Ft.

3,604

Lot Size

0.24 Acres

Year Built

1982

MLS Number

480520678

30 Days Snapshot Of 97477

$380k

-7%

(avg) sold price

-13%

homes sold

+23%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Built in 1982, Building Area Total: 3604, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4

Property Access

Road Surface Type: Paved

Cooling

Cooling: None

Expenses

Operating Expense: $10,725

Exterior Features

Exterior Description: T111Siding

Heating

Heating: Ceiling

Income

CAP Rate: 6.26, Gross Income: $56,760, Gross Rent Multiplier: 12.95, Net Operating Income: $46,034

Lot

Features: Level, Size Acres: 0.24, Size Range: SqFt10000to14999, Size Square Feet: 10,454, Size: 10,000 to 14,999 SqFt

Parking

8 total parking spots

Property

Number Of Units Total: 4, Zoning: R2

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $5,925, Legal Description, Tax Year: 2024

Unit One

Actual Rent: $1,100, Area: 901, Features: Dishwasher, Refrigerator, Units Total: 1, 2 total bathrooms, 2 total bedroom

Unit Two

Actual Rent: $1,250, Area: 901, Features: Dishwasher, Refrigerator, Units Total: 1, 2 total bathrooms, 2 total bedroom

Unit Three

Actual Rent: $1,150, Area: 901, Features: Dishwasher, Refrigerator, Units Total: 1, 2 total bathrooms, 2 total bedroom

Unit Four

Actual Rent: $1,120, Area: 901, Features: Dishwasher, Refrigerator, Units Total: 1, 2 total bathrooms, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than DC Real Estate are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Oct 6, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Oct 6, 2025. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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1194 R ST

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