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1287 R St 8 Unit Apartment Building $1,400,000 ($175,000/Unit) 5.61% Cap Rate Springfield, OR 97477
Executive Summary
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.
Property Facts
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 5.61% | Building Size | 13,148 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 1.06/1,000 SF |
| Zoning | MD | ||
| Price | $1,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 13,148 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | MD |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 1184215 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $744,993 |
Property Taxes
Parcel Number
1184215
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$744,993
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1287 R St
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