6505 A St - Apartments FOR SALE


Springfield, OR 97478- Thurston
$4,970,000 USD
541-912-6583
6505 A St, Springfield, OR for Sale
$4,970,000 USD
Apartments - FOR SALE
1/34
null | 4.91% Cap Rate

6505 A St
Springfield, OR 97478
Thurston


HIGHLIGHTS

  • Well-maintained 34-unit community in Springfield’s desirable Thurston neighborhood.
  • Diverse unit mix with large two-bedroom floor plans and private outdoor spaces.
  • Recent capital improvements, including roof repairs and updated exterior finishes.
  • Immediate NOI growth from scheduled rent increases effective June 2026.
  • Additional upside through utility expense reduction by eliminating bulk cable service.
  • Convenient access to Main Street, Highway 126, and Interstate 5, connecting to major employment hubs.

OVERVIEW

Kambria Village offers investors a rare opportunity to acquire a well-maintained 34-unit multifamily community in the thriving Eugene-Springfield metro. Located in the desirable Thurston neighborhood, the property spans 1.73 acres and consists of five buildings featuring a diverse mix of one-bedroom, two-bedroom townhomes, and larger Executive and Deluxe two-bedroom layouts. These units include some of the largest two-bedroom floor plans in the submarket, appealing to a wide tenant base. Constructed in 1999, Kambria Village has been consistently maintained and features in-unit washer/dryer hookups, gas fireplaces in most units, and private patios or balconies. On-site amenities include 66 parking spaces, with 35 covered carports. Recent capital improvements include roof repairs and durable vinyl siding and windows, reducing near-term maintenance exposure. The property presents a compelling value-add opportunity, with current in-place rents estimated at approximately 25% below prevailing market levels. A 9.5% rent increase has already been implemented effective June 1, 2026, providing immediate NOI growth for a new owner. Additionally, eliminating the owner-paid bulk cable package could further enhance operating income without capital investment. With limited new supply in the submarket and strong demand drivers—including proximity to PeaceHealth Sacred Heart Medical Center, the University of Oregon, and major retail corridors—Kambria Village is positioned for long-term stability and income growth.

FOR SALE DETAILS

PRICE

$4,970,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

34

PRICE/UNIT

$146,176

CAP RATE

4.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kambria Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,686 SF

ZONING

LD

APN/PARCEL ID

0141455

ASK ABOUT THIS PROPERTY

Rene' Nelson, CCIMPacwest Commercial Real Estate, Inc.More Info
541-912-6583

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

Rene' Nelson, CCIMPacwest Commercial Real Estate, Inc.More Info
541-912-6583

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