This home's estimate is 55% higher than the average sale price ($523K) of 6 comparable homes.
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1201 R St, Springfield, OR 97477
About this home
Well maintained 4-plex with private-off street parking and common area for vegetables and flowers. Long term tenants with low vacancy and potential for value add. Owner managed/maintained leading to a strong Cap rate, great opportunity for buyer to do the same. Very close to bus line, shopping and entertainment which was a strong factor as a successful short term rental. All units updated approximately 5 years ago with new appliances & floor coverings. New roof installed in 2011 with 40 year roof. Owners are licensed real estate agents in the state of Oregon.

Redfin Estimate
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Market trends in 97477, OR
Last updated July 2026
Buyer's Market
Seller's Market
Seller's market
- $49,0002 beds2 baths1,215 sq ft2150 Laura St #119, Springfield, OR 97477Kit Sixel • Sixel Real Estate
- HOT HOME$440,0003 beds2 baths1,439 sq ft512 Cardinal Way, Springfield, OR 97477Stephen Bates • United Real Estate Properties
- $395,0003 beds1 bath1,161 sq ft2460 E St, Springfield, OR 97477Kayla Wehe • Lamonte Real Estate Professionals
- $460,0003 beds2 baths1,104 sq ft2226 32nd St, Springfield, OR 97477Julie Pollock • Triple Oaks Realty LLC
- $350,0004 beds2 baths1,808 sq ft93 Shady Loop, Springfield, OR 97477Nicole Ferrell • Triple Oaks Realty LLC
- $329,9003 beds2 baths950 sq ft89 Shady Loop, Springfield, OR 97477Nicole Ferrell • Triple Oaks Realty LLC
- $745,0004 beds4 baths3,300 sq ft3466 Ambleside Dr, Springfield, OR 97477Nicole Ferrell • Triple Oaks Realty LLC
See all
Provided by Redfin
Sale history for 1201 R St
$0/sq ft
$0/sq ft
$0/sq ft
$220/sq ft
$221/sq ft
$354/sq ft
$354/sq ft
Tax history for 1201 R St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Assigned, Secured
- Parking Total: 16
Interior
- Appliances
- Hot Water Description: Electricity, Tank
- Interior Features
- Basement: Crawl Space
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: T-111 Siding, Wood Siding
- Lot Information
- Lot Size Range: 7,000 to 9,999 SqFt
- Lot Size: 7,000 to 9,999 SqFt
- Lot Features: Cul-de-sac, Level, On Busline
- Parcel Number: 1458734
- Road Surface Type: Concrete
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Updated/Remodeled
- Security Features: Security Lights
- View YN: No
- Building Information
- Year Built: 1994
- Building Area Total: 3,392
- Foundation Details: Concrete Perimeter
Financial
- Tax Information
- Tax Year: 2023
- Tax Legal Description: tl 3602 P 1
- Tax Annual Amount: $5,191.58
- Rent Information
- Rent Includes: Trash Collection
- Lease / Rent Information
- CAP Rate: 7.0
- Gross Rent Multiplier: 12.34
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Wall Furnace
- Cooling YN: Yes
- Cooling: Window Unit(s)
Location
- Multi Unit Information
- # Of Units Total: 4
- Unit Information
- Unit Type: 1, 2, 3, 4
- Unit Type 1 Information
- Area: 848
- Baths Total: 1
- Beds Total: 2
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $1,166
- Area: 848
- BathsTotal: 1
- Beds Total: 2
- Units Total: 2
- Unit Type 3 Information
- Actual Rent: $1,250
- Area: 848
- Baths Total: 1
- Beds Total: 2
- Units Total: 3
- Unit Type 4 Information
- Actual Rent: $1,199
- Area: 848
- Baths Total: 1
- Beds Total: 2
- Units Total: 4
- Unit Type 10 Information
- Features: Air Conditioning, Dishwasher, Range, Refrigerator
- School Information
- Middle Or Junior School: Springfield
- Location Information
- Directions: 11th
- Unparsed Address: 1201 R ST, Springfield, OR 97477
- Community Information
- Community Features: Commons
- Zoning: multi
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 8,276 square feet
- Style: Other
- Year Built: —
- Year Renovated: —
- County: Lane County
- APN: 1458734
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools Places Transit
Public K-5 • Assigned • 0.4mi
Public 6-8 • Assigned • 1.1mi
Public 9-12 • Assigned • 0.8mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 92° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
15 unhealthy days expected this year, 16 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Nearby similar homes
New listings for sale in 97477
Home values near 1201 R St
| Address | Redfin Estimate |
|---|---|
6 Beds | 4 Baths | 2760 Sq. Ft. | $540,099 |
2 Beds | 1 Baths | 1005 Sq. Ft. | $348,139 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 2288 Sq. Ft. | $546,977 |
4 Beds | 3 Baths | 2240 Sq. Ft. | $413,734 |
| Address | Redfin Estimate |
|---|---|
6 Beds | 4 Baths | 2328 Sq. Ft. | $567,828 |
8 Beds | 6 Baths | 4480 Sq. Ft. | $732,233 |
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