1320 SPRUCE ST Florence, OR $ 1,500,000
1320 SPRUCE ST
$ 1,500,000
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1320 SPRUCE ST

Florence, OR, 97439
$ 1,500,000
Bedrooms14 Baths8.0 Sq 6,522

Monthly Estimate*

$ 9,236

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Multi-Family Home for sale in Florence, OR

for $1,500,000 with 14 bedrooms and 8 full baths. This 6,522 square foot home was built in 1984 on a lot size of 0.59.

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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Multi-Family Active

Price

$ 1,500,000

Bedrooms

14

Full Bath

8

Property Type

Multi-Family

Taxes

$ 14,747

Style

Lot Size

0.59

Year Built

1984

Town/City

Florence

County/Region

Lane

MLS | Web ID

607072026

Features
General
Sewer PublicSewer
Heating ForcedAir90
Roof Composition
Zoning HR
Security Features Unknown
Year Built 1984
Stories Count 2
Tax Year 2025
Parcel Number 1403672 1403664
Gross Income 75829.0
County Lane
Net Operating Income 44421.0
Operating Expense 31408.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions Hwy 101 E on Hwy 126 l onto Spruce Property on the right
High School Siuslaw
City Florence
Number Of Units Total 8
MLS Area _228
Lot Size Square Feet 25700.0
Listing Terms Cash Conventional
Elementary School Siuslaw
Tax Annual Amount 14747.0
Middle/Junior High School Siuslaw
Property Condition Existing
Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/1320-Spruce-St-Florence-Or-97439--HPI70431218
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 18-12-26-24-01210 01209 01208 01207 01206 01205 01204 01203 01202
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Interior
Basement None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit 5 Beds Total 1
Unit 6 Beds Total 1
Unit 7 Beds Total 2
Unit 8 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6 UnitTypeType7 UnitTypeType8
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Exterior
Parking Features Assigned Carport
Lot Features GreenBelt Level Wooded
Water Source PublicWater
Total Parking 8.0
Exterior Description LapSiding
Foundation Details Slab
Building Area Total 6522.0
Lot Size Acres 0.59
Road Surface Type Paved
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Internal Only
Street Number 1 1320
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* Excluded Features
List By
Windermere Real Estate Lane County

Broker

dclifton@windermere.com

Email

Affordability Calculator

$10,465
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$1,229
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951246 Elementary School
1949898 Middle School
Siuslaw High School High School
Pricing History
DatePricePrice ChangeDescription
4/21/2026$1,500,000 Listed Price

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1320 SPRUCE ST, Florence, OR, 97439 is a Multi-Family Home for sale at $1,500,000 with 6,522 sqft and a lot size of 0.59. 1320 SPRUCE ST has 14 bedrooms, 8.0 baths, and was built in 1984. The property's zip code is 97439 which is in Florence, OR