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
1/31
null | 4.93% Cap Rate

6505 A St
Springfield, OR 97478
Thurston


OVERVIEW

Kambria Village — 34-Unit Multifamily | Springfield, Oregon | No Tenant Relocation Assistance Requirements Springfield offers a meaningful regulatory advantage over Eugene — no tenant relocation assistance requirements — making this east-Springfield submarket the preferred destination for Willamette Valley multifamily investors in 2026. Kambria Village is a well-maintained 34-unit apartment community in the Thurston neighborhood of east Springfield, a stable residential area surrounded by owner-occupied single-family homes. Built in 1999 on 1.73 acres, the property offers a diverse unit mix of one-bedroom, two-bedroom townhouse, and larger Executive and Deluxe two-bedroom floor plans — all with in-unit washer/dryer hookups. Recent capital improvements include roof replacements on Building A (2024) and Building B (2025). In-place rents sit meaningfully below current market levels, and 9.5% rent increases have already been noticed to eligible tenants effective 6/1/26 — giving the next owner a stabilizing income stream with continued upside as units turn. New competing multifamily supply across the submarket remains severely constrained by construction costs and interest rates. Direct access to Highway 126, Main Street, and Interstate 5, with PeaceHealth RiverBend Medical Center approximately 9 miles away. Building size range of approximately 37,562 to 39,886 SF based on Lane County Assessor records with standard measurement variance. Buyer to independently verify all physical dimensions as part of due diligence. Seller and Broker make no representation as to the exact square footage. Offered at $4,970,000. Full Offering Memorandum available to qualified buyers upon execution of a Confidentiality Agreement.

FOR SALE DETAILS

PRICE

$4,970,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

34

PRICE/UNIT

$146,176

CAP RATE

4.93%

% 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

1.75 AC

LAND SF

76,230 SF

ZONING

R2

APN/PARCEL ID

0141455

ASK ABOUT THIS PROPERTY

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

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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.