$1,400,000

1287 R St Springfield, OR 97477

North Springfield Neighborhood

Estimated payment $8,542/month

Total Views 328
16 Beds
14 Baths
7,562 Sq Ft
$185 Price per Sq Ft

Highlights

  • Security Gate
  • Storage
  • Wood Siding
  • Security System Owned
  • Controlled Entrance
  • Heating System Mounted To A Wall or Window

About This Home

Investment Alert! 8-unit multi-family complex featuring covered assigned parking for residents, security gate, and video system installed. Plenty of storage for owner and tenants needs. The units feature LVP flooring, updated appliances, washer/dryer hookups with individual laundry rooms inside the units, and great backyard spaces for the residents.

Listing Agent

Javan Gray

Emerald Property Management In License #201223245 Listed on: 10/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,440

Year Built

  • Built in 1993

Lot Details

  • 0.41 Acre Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,562 Sq Ft Home
  • 2-Story Property
  • Storage

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 14 Bathrooms

Home Security

  • Security System Owned
  • Security Gate

Parking

  • 14 Parking Spaces
  • Covered Parking
  • Assigned Parking
  • Controlled Entrance

Schools

  • Page Elementary School
  • Briggs Middle School
  • Springfield High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1184215

Community Details

Overview

  • 8 Units
  • Property managed by Emerald Property Management

Building Details

  • Operating Expense $21,000
  • Gross Income $99,600
  • Net Operating Income $78,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,440

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1993
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Locked
  • Total Bedrooms: 16
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Covered
  • Attached Garage: No
  • Total Parking Spaces: 14.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Entry, SecurityGate, SecuritySystemOwned
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Emerald Property Management

Schools

  • Elementary School: Page
  • High School: Springfield
  • Middle Or Junior School: Briggs

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 17859.0
  • Parcel #: 1184215

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 13440.12

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 14.06
  • Annual Gross Income: 99600.0
  • Property Net Operating Income: 78600.0
  • Annual Operating Expense: 21000.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 For Sale $1,400,000 -- $185 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 510726720

Regional Multiple Listing Service (RMLS)

APN: 1184215

Oregon Lane County Springfield 97477 North Springfield

1287 R St, Springfield, OR

This home is located at 1287 R St, Springfield, OR 97477 and is currently priced at $1,400,000, approximately $185 per square foot. This property was built in 1993. 1287 R St is a home located in Lane County with nearby schools including Elizabeth Page Elementary School, Briggs Middle School, and Springfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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 Ten-X 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes
Listing Agent
Javan Gray
Section Image
Emerald Property Management In
(458) 291-0283