Listing provided courtesy of Windermere Real Estate Lane County- MLS# 607072026
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Request Info1320 SPRUCE STFlorence, OR 97439
Multi-Family · 6,522 Sq. ft. | 0.59 Acres$1,250,000
Pending
1320 SPRUCE ST Overview
- Time on Site:
- 70 days
- Visits:
- 3
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.
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1320 SPRUCE ST Facts & Features
- Type Multi-Family
- Sq. ft. 6,522
- Price/Sq.ft. $192
- Lot 0.59 Acres
Details
General
School Information
- Elementary School: Siuslaw
- Middle Or Junior School: Siuslaw
- High School: Siuslaw
Income/Expenses
- Gross Income: 75829.0
- Net Operating Income: 44421.0
- Operating Expense: 31408.0
Building Information
- Year Built: 1984
Location/Region
- Country: US
- County Or Parish: Lane
- MLS Area Major: 228 - Lane Co: Florence Town
Rent/Lease Information
- Rent Includes: None
Tax Information
- Tax Annual Amount: 14747.0
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 1403672,1403664
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: HR
Interior
Building Interior
- Building Area Total: 6522.0
General Information
- Basement: None
- Foundation Details: Slab
- Heating: Forced Air90
- Security Features: Unknown
- Stories: 2
Exterior
Parking Information
- Parking Features: Assigned,Carport
- Parking Total: 8.0
Lot Information
- Lot Features: Green Belt,Level,Wooded
- Lot Size Acres: 0.59
- Lot Size Square Feet: 25700.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 8
- Sewer: Public Sewer
1320 SPRUCE ST Neighborhood
Community
97439 (Florence) Demographics
60
Median Age
79
Population Density (per sq. mile)
35%
College Educated
$52,194
Estimated Median Income
5,488
Estimated Total Home Owners
2,064
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1320 SPRUCE ST Monthly Cost
1320 SPRUCE ST Market Data
Based on the last 30 days in this zip code
$581,865
Average List Price
$334
Average Price per Square Foot
40
Properties Sold
125
Average Days on Market
276
Properties for Sale
1320 SPRUCE ST History
| Date | Value | Agent |
|---|---|---|
| 6/11/2026Source: Regional MLS | Pending |
|
| 6/10/2026Source: Regional MLS | Active |
|
| 6/5/2026Source: Regional MLS | Bumpable Buyer |
|
| 5/14/2026Source: Regional MLS | $1,250,000 -16.7% |
|
| 4/20/2026Source: Regional MLS | April 20, 2026 |