1320 Spruce St

Florence, OR 97439

$1,250,000
Price
—
Beds
—
Baths
6,522 Sq. Ft.
$192 / Sq. Ft.
6,522
Sq. Ft.
$192
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Bumpable Buyer
Bumpable Buyer

Description

Opportunity awaits for investors seeking a reliable, income-producing property on the Central Oregon Coast. This offering features four fully rented duplexes, all situated in a convenient and central location with amenities nearby, making it an appealing choice for both tenants and owners. The property boasts a unique advantage as it backs up to the Munsel Creek bike path greenbelt. This setting provides a peaceful forest backdrop in the backyards of each duplex, enhancing the living experience for...Opportunity awaits for investors seeking a reliable, income-producing property on the Central Oregon Coast. This offering features four fully rented duplexes, all situated in a convenient and central location with amenities nearby, making it an appealing choice for both tenants and owners. The property boasts a unique advantage as it backs up to the Munsel Creek bike path greenbelt. This setting provides a peaceful forest backdrop in the backyards of each duplex, enhancing the living experience for residents and adding value to the property. While all units are currently rented, there is additional opportunity for the new owner to increase rental income. Some rents have not yet been updated to reflect current market values, presenting potential for higher returns. Comprehensive financial information is available to qualified buyers upon request. For the privacy and comfort of current tenants, a 24-hour notice is required before any property viewing. Please respect the tenants and do not disturb them without prior arrangement.
  1. Listed by Desiree Clifton • Windermere Real Estate Lane County

Property Details for 1320 Spruce Street

Parking Features
Assigned, Carport
Zoning
HR
View
City, Trees Woods
Parking Total
8.00
LISTING UPDATED: 06/05/2026 08:08 AM

Property Details for 1320 Spruce Street

StatusBumpable Buyer
MLS #607072026
Days on Market46
Taxes$14,747 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1984
Lot Size0.59 AC / 25,700 SF
CountyLane County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Windermere Real Estate Lane County
Add your commute

Building Information for 1320 Spruce Street

Stories2Residences8Year Built1984Building Size-Lot Size0.59 AC / 25,700 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$7,458 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,229

Property Taxes

$1,229

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1320 Spruce Street

Summary
Location and General Information
  • Country: US
  • Directions: Hwy 101, E on Hwy 126, l onto Spruce, Property on the right
  • Road Surface: Paved
School Information
  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle Or Junior School: Siuslaw
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $14,747.00
  • Parcel Number: 1403672,1403664
  • Parcel Number 2: 1403656,1403649
  • Parcel Number 3: 1403615,1403607
  • Tax Legal Description: 18-12-26-24-01210,01209,01208,01207,01206,01205,01204,01203,01202
Property
Lot Information
  • Acres: 0.59
  • Lot Description: Green Belt, Level, Wooded
  • Lot Size Square Feet: 25700.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1984
Utilities
  • Fuel Description: Electricity
  • Heating Description: Forced Air90
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable, Satellite
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Gross Income Actual: $75,829.00
  • Gross Rent Multiplier: $16.48
  • Investor Information: According To Owner
  • Net Income Actual: $44,421.00
  • Operating Expense: $31,408.00
  • Security Features: Unknown
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8
  • SqFt Approximate Building Total: 6522
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $907
  • Unit Type 1 SqFt: 928.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $825
  • Unit Type 2 SqFt: 928.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 3 Rent: $781
  • Unit Type 3 SqFt: 928.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Range, Refrigerator
  • Unit Type 4 Rent: $863
  • Unit Type 4 SqFt: 928
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 5 Rent: $725
  • Unit Type 5 SqFt: 680.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 6 Rent: $900
  • Unit Type 6 SqFt: 680.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Baths Decimal: 1.00
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 7 Rent: $900
  • Unit Type 7 SqFt: 725
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 1
  • Unit Type 8 Baths Decimal: 1.00
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 8 Rent: $720
  • Unit Type 8 SqFt: 725.0
  • Unit Type 8 Units Total: 1

Public Records for 1320 Spruce Street

Taxable ValueLand-Additions-Total-
Tax Record2025$2,128 ($177 / month)
Home Facts
Beds2Baths1Total Finished SqFt928 SqFtAbove Grade Finished SqFt928 SqFtStories2Lot Size871 SqFtStyleCondominiumYear Built2005ZoningRM-MULTI-FAMICountyLANEAPN18-12-26-24-01210-000

Schools near 1320 Spruce Street

This home is within Siuslaw School District 97j.
Rating
School
Type
Grades
Distance
Siuslaw Elementary School
Public - K to 5
Siuslaw Middle School
Public - 6 to 8
Siuslaw High School
Public - 9 to 12
Rating
School
Distance
Siuslaw Elementary School
PublicK to 5

Siuslaw Middle School
Public6 to 8

Siuslaw 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.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate Lane County

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: 06/05/2026 08:08 AM