1320 Spruce St Florence, OR 97439
Estimated payment $7,863/month
Highlights
- City View
- Wooded Lot
- No HOA
- 0.59 Acre Lot
- Adjacent to Greenbelt
- 90% Forced Air Heating System
About This Home
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.
Listing Agent
Windermere Real Estate Lane County License #200410278 Listed on: 04/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,747
Year Built
- Built in 1984
Lot Details
- 25,700 Sq Ft Lot
- Adjacent to Greenbelt
- Level Lot
- Wooded Lot
Property Views
- City
- Woods
Home Design
- Slab Foundation
- Composition Roof
- Lap Siding
Interior Spaces
- 6,522 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Parking
- 8 Parking Spaces
- Carport
- Assigned Parking
Schools
- Siuslaw Elementary And Middle School
- Siuslaw High School
Utilities
- No Cooling
- 90% Forced Air Heating System
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 1403672,1403664
Community Details
Overview
- No Home Owners Association
- 8 Units
- Greenbelt
Building Details
- Operating Expense $31,408
- Gross Income $75,829
- Net Operating Income $44,421
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,128 | $155,966 | -- | -- |
| 2024 | $2,067 | $151,424 | -- | -- |
| 2023 | $2,067 | $147,014 | $0 | $0 |
| 2022 | $1,928 | $142,733 | $0 | $0 |
| 2021 | $1,888 | $138,576 | $0 | $0 |
| 2020 | $1,839 | $134,540 | $0 | $0 |
| 2019 | $1,770 | $130,622 | $0 | $0 |
| 2018 | $1,774 | $123,124 | $0 | $0 |
| 2017 | $1,711 | $123,124 | $0 | $0 |
| 2016 | $1,650 | $119,538 | $0 | $0 |
| 2015 | $1,589 | $116,056 | $0 | $0 |
| 2014 | $1,588 | $112,676 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2026 05/14/26 | Price Changed | $1,250,000 | -16.7% | $192 / Sq Ft |
| 04/20/2026 04/20/26 | For Sale | $1,500,000 | -- | $230 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 607072026
APN: 1403672
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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