1861 17th St - Apartments FOR SALE


Springfield, OR 97477- Outer Eugene
$1,900,000 USD
503-200-2072
1861 17th St, Springfield, OR for Sale
$1,900,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1861 17th St
Springfield, OR 97477
Outer Eugene


HIGHLIGHTS

  • Rare 1996 & 1997 Construction
  • Desirable Unit Mix of 1's, 2's and 3's
  • Opportunity To Convert Two Units Back to Four
  • Significant Rental Upside

OVERVIEW

Download the OM here: https://www.marcusmillichap.com/properties/175618/18611867-17th-st The 17th Street Apartments is a 13-unit ground-level complex located at 1861-1867 17th Street, Springfield Oregon. Built in 1996 & 1997, the Property sits on .76 acres, split between two tax lots and features a total of four buildings, containing a variety of one-, two- and three-bedroom units. Two units have functioning garages, eight units have converted garages into extra bedrooms, office space or additional living space. Four of the units were merged together into two units at one point in the past. These units can be converted back to separate units with the addition of some walls. Unit amenities include washer/dryer hookups, off-street parking, backyard access and front yards. Two of the buildings have received new roofs in the last 10-years, one building received a new roof in 2022. The 17th Street Apartments are located in a prime area of Springfield, close to major roads like Interstate 5 and Highway 126. Springfield is a terrific city with wooded neighborhoods, mountain views, and amazing outdoor adventures. The city is also known for its craft beer. With the Willamette and McKenzie Rivers providing activities like river rafting and fishing, and the nearby mountains offering hiking, waterfalls, and mountain biking, there’s always something to do in Springfield. * Property is being sold as-is, Buyer to do their own due diligence.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

13

PRICE/UNIT

$146,154

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

32,948 SF

ZONING

-

APN/PARCEL ID

0206001,0206019

ASK ABOUT THIS PROPERTY

Joshua ReynoldsMarcus & MillichapMore Info
503-200-2072

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Joshua ReynoldsMarcus & MillichapMore Info
503-200-2072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.