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6505 A St
Springfield, OR 97478
Kambria Village · Multifamily Property For Sale
·
34 Units
Investment Highlights
- Well-maintained 34-unit community in Springfield’s desirable Thurston neighborhood.
- Recent capital improvements, including roof repairs and updated exterior finishes.
- Additional upside through utility expense reduction by eliminating bulk cable service.
- Diverse unit mix with large two-bedroom floor plans and private outdoor spaces.
- Immediate NOI growth from scheduled rent increases effective June 2026.
- Convenient access to Main Street, Highway 126, and Interstate 5, connecting to major employment hubs.
Executive Summary
Kambria Village offers investors a rare opportunity to acquire a well-maintained 34-unit multifamily community in the thriving Eugene-Springfield metro. Located in the desirable Thurston neighborhood, the property spans 1.73 acres and consists of five buildings featuring a diverse mix of one-bedroom, two-bedroom townhomes, and larger Executive and Deluxe two-bedroom layouts. These units include some of the largest two-bedroom floor plans in the submarket, appealing to a wide tenant base.
Constructed in 1999, Kambria Village has been consistently maintained and features in-unit washer/dryer hookups, gas fireplaces in most units, and private patios or balconies. On-site amenities include 66 parking spaces, with 35 covered carports. Recent capital improvements include roof repairs and durable vinyl siding and windows, reducing near-term maintenance exposure.
The property presents a compelling value-add opportunity, with current in-place rents estimated at approximately 25% below prevailing market levels. A 9.5% rent increase has already been implemented effective June 1, 2026, providing immediate NOI growth for a new owner. Additionally, eliminating the owner-paid bulk cable package could further enhance operating income without capital investment. With limited new supply in the submarket and strong demand drivers—including proximity to PeaceHealth Sacred Heart Medical Center, the University of Oregon, and major retail corridors—Kambria Village is positioned for long-term stability and income growth.
Constructed in 1999, Kambria Village has been consistently maintained and features in-unit washer/dryer hookups, gas fireplaces in most units, and private patios or balconies. On-site amenities include 66 parking spaces, with 35 covered carports. Recent capital improvements include roof repairs and durable vinyl siding and windows, reducing near-term maintenance exposure.
The property presents a compelling value-add opportunity, with current in-place rents estimated at approximately 25% below prevailing market levels. A 9.5% rent increase has already been implemented effective June 1, 2026, providing immediate NOI growth for a new owner. Additionally, eliminating the owner-paid bulk cable package could further enhance operating income without capital investment. With limited new supply in the submarket and strong demand drivers—including proximity to PeaceHealth Sacred Heart Medical Center, the University of Oregon, and major retail corridors—Kambria Village is positioned for long-term stability and income growth.
Property Facts
| Price Per Unit | $146,176 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.67 AC |
| Cap Rate | 4.91% | Building Size | 36,888 SF |
| No. Units | 34 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | LD | ||
| Price Per Unit | $146,176 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.67 AC |
| Building Size | 36,888 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | LD |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Fireplace
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Yard
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- Security System
- Video Patrol
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 760 |
| 2+1.5 | 10 | - | 956 |
| 2+2 | 16 | - | 1,128 - 1,528 |
Property Taxes
| Parcel Number | 0141455 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,831,554 |
Property Taxes
Parcel Number
0141455
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,831,554
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