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.
Pending
Price cut: $250K (5/14)
$1,250,000
1320 Spruce St, Florence, OR 97439
12beds
6,522sqft
:
Get pre-qualified$8,698/mo
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$192/sqft
$-- HOA
What's special
- 85 days |
- 37 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Desiree Clifton 541-999-5223,
Windermere Real Estate Lane County
Source: RMLS (OR),MLS#: 607072026
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air 90
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: None
Interior area
- Total structure area: 6,522
- Total interior livable area: 6,522 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Carport
- Has carport: Yes
Features
- Stories: 2
- Has view: Yes
- View description: City, Trees/Woods
Lot
- Size: 0.59 Acres
- Features: Greenbelt, Level, Wooded, SqFt 20000 to Acres1
Details
- Additional parcels included: 1403656,1403649,1403615,1403607
- Parcel number: 1403672,1403664
- Zoning: HR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding
- Foundation: Slab
- Roof: Composition
Condition
- Existing
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Satellite Internet Service
Community & HOA
Community
- Security: Unknown
HOA
- Has HOA: No
Location
- Region: Florence
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $269,853
- Annual tax amount: $14,747
- Date on market: 4/20/2026
- Cumulative days on market: 85 days
- Listing terms: Cash,Conventional
- Total actual rent: 6621
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Pending sale | $1,250,000$192/sqft |
Source:  RMLS (OR) #607072026 Report a problem | ||
| 5/14/2026 | Price change | $1,250,000-16.7%$192/sqft |
Source: RMLS (OR) #607072026 Report a problem | ||
| 4/21/2026 | Listed for sale | $1,500,000$230/sqft |
Source: RMLS (OR) #607072026 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,128 +3% | $155,966 +3% |
| 2024 | $2,067 +2.8% | $151,424 +3% |
| 2023 | $2,009 +4.2% | $147,014 +3% |
| 2022 | $1,928 +2.1% | $142,733 +3% |
| 2021 | $1,888 +2.7% | $138,576 +3% |
| 2020 | $1,839 +3.9% | $134,540 +3% |
| 2019 | $1,770 -0.2% | $130,622 +3% |
| 2018 | $1,774 | $126,818 +3% |
| 2017 | $1,774 +3.7% | $123,124 +3% |
| 2016 | $1,711 +3.7% | $119,538 +3% |
| 2015 | $1,650 +3.8% | $116,056 +3% |
| 2014 | $1,589 +15.9% | $112,676 +13.9% |
| 2013 | $1,371 +23.3% | $98,938 +14.5% |
| 2012 | $1,112 | $86,402 -21% |
| 2011 | -- | $109,394 +3% |
| 2010 | -- | $106,208 +3% |
| 2009 | -- | $103,115 +3% |
| 2008 | -- | $100,112 +3% |
| 2007 | -- | $97,196 +553.9% |
| 2006 | -- | $14,865 +3% |
| 2005 | -- | $14,432 +3% |
| 2004 | -- | $14,012 +3% |
| 2003 | -- | $13,604 +3% |
| 2002 | -- | $13,208 +3% |
| 2001 | -- | $12,823 +2.3% |
| 2000 | -- | $12,529 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97439
Nearby schools
GreatSchools rating
- 6/10Siuslaw Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Siuslaw Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Siuslaw High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Siuslaw
- Middle: Siuslaw
- High: Siuslaw
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
