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  • $1,000,000

    1320 Spruce St, Florence, OR 97439

    12beds
    6,522sqft
    Multi Family
    Built in 1984
    -- sqft lot
    $999,800 Zestimate®
    $153/sqft
    $1,535 Estimated rent

    Home value

    $999,800

    $950,000 - $1.05M

    $1,535/mo

    Zestimate® history
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    $1,535/mo

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    $1,535/mo

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    $6,304/mo

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    $6,304/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Desiree Clifton 541-999-5223,

    Windermere Real Estate Lane County

    Bought with:

    OR and WA Non Rmls, NA

    Non Rmls Broker

    Source: RMLS (OR),MLS#: 607072026MLS Logo

    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

    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: $153/sqft
    • Tax assessed value: $269,853
    • Annual tax amount: $14,747
    • Date on market: 4/20/2026
    • Cumulative days on market: 52 days
    • Listing terms: Cash,Conventional
    • Total actual rent: 6621
    • Road surface type: Paved

    Price history

    DateEventPrice
    10/2/2026Sold$1,000,000-20%$153/sqft
    Source: RMLS (OR) #607072026 Report a problem
    6/11/2026Pending sale$1,250,000$192/sqft
    Source: RMLS (OR) #607072026 Report a problem
    5/14/2026Price change$1,250,000-16.7%$192/sqft
    Source: RMLS (OR) #607072026 Report a problem
    4/21/2026Listed for sale$1,500,000$230/sqft
    Source: RMLS (OR) #607072026 Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: 97439

    Nearby schools

    GreatSchools rating
    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.

    Sell for more on Zillow
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    $999,800
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    $1,019,796

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $999,800
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    +$19,996
    With Zillow Showcase(estimated)

    $1,019,796