Sold
Last Sold Price
$639,000
3,604 sqft

1194 R St, Springfield, OR 97477

Multi FamilyProperty Type
0.24 acresLot Size
1982Year Built
$177/sq ftPrice per sq ft
8 carsParking Spaces

Description

Brand new roof! 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 offered separately at the same list price, creating a rare opportunity to acquire up to eight total units...Brand new roof! 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 offered separately at the same list price, creating a rare opportunity to acquire up to eight total units in one location, with flexibility to purchase individually or together as a package.
  • Listed by: Joshua Glaspie • ICON Real Estate Group ICON@TheICONREGroup.com
Listing closed: 08/27/2026 12:00 AM • Source: RMLS, MLS#: 130254478
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Location

Listing Courtesy of ICON Real Estate Group

Sold By SMI Commercial Real Estate LLC

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Payment Calculator

$3,929 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,411

Property Taxes

$517

HOA Dues

$0

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Property Information for 1194 R Street

Property Details

  • Taxes: $6,209 / year
  • MLS Type: Multi Family
  • County: Lane County
  • Parking Features: Off Street
  • Zoning: R2
  • Parking Total: 8.00

Building Information

  • Stories: 2
  • Residences: 4
  • Year Built: 1982
  • Lot Size: 0.24 AC / 10,454 SF

Summary

Location and General Information
  • Country: US
  • Directions: Q St, North on q0th St, or 11th Pl
  • Road Surface: Paved
School Information
  • Elementary School: Page
  • High School: Springfield
  • Middle Or Junior School: Briggs
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $6,208.91
  • Parcel Number: 1259884
  • Tax Legal Description: 17-03-26-14-02602

Property

Lot Information
  • Acres: 0.24
  • Lot Description: Level
  • Lot Size Square Feet: 10454.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1982
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Ceiling
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection, Water

Interior and Exterior Features

Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Composition, Shingle
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 2

Multi Family

Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $56,280.00
  • Gross Rent Multiplier: $11.18
  • Investor Information: According To Owner, Leases, Rent Records
  • Net Income Actual: $45,555.00
  • Operating Expense: $10,725.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 3604
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Refrigerator
  • Unit Type 1 Rent: $1,100
  • Unit Type 1 SqFt: 901.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Refrigerator
  • Unit Type 2 Rent: $1,250
  • Unit Type 2 SqFt: 901.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Refrigerator
  • Unit Type 3 Rent: $1,150
  • Unit Type 3 SqFt: 901.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 1.10
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Refrigerator
  • Unit Type 4 Rent: $1,120
  • Unit Type 4 SqFt: 901
  • Unit Type 4 UnitsTotal: 1

Property History for 1194 R Street

DateEvent & SourcePriceAppreciation
Aug 25, 2026

Sold (Public Record)

Public Record #1947855193

$639,000
—
Aug 25, 2026

Sold (Public Record)

Public Record #151007214

$639,000

+6.1% / yr

Dec 7, 2010

Sold (Public Record)

Public Record #300466128

$253,000

+4.4% / yr

DateEvent & SourcePrice
08/25/2026

Sold (Public Record)

Public Record #1947855193

$639,000
08/25/2026

Sold (Public Record)

Public Record #151007214

$639,000

+6.1% / yr

12/07/2010

Sold (Public Record)

Public Record #300466128

$253,000

+4.4% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1194 R Street

Taxable Value

Land

-

Additions

-
Total-

Tax Record

2025

$6,209 ($517 / month)

Home Facts

Beds

8

Baths

6

Total Finished SqFt

3,604 SqFt

Above Grade Finished SqFt

3,604 SqFt

Stories

2

Lot Size

10,497 SqFt

Style

Single Family Residence

Year Built

1982

Year Renovated

1982

Zoning

LD

County

LANE

APN

1259884

Schools near 1194 R Street

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elizabeth Page Elementary School
PublicK to 5

Briggs Middle School
Public6 to 8

Springfield High School
Public9 to 12

Gateways High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1194 R Street, Springfield, OR 97477
$639,000
–
–
3,604
10,454
–
–
4
2,760
8,712
–
–
4
2,760
6,970
$528,000
6
2,734
5,663
$5,000
1
1
1,564
10,454
$200,000
–
4
2,328
5,227

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ICON Real Estate Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 10/01/2026 01:12 PM