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1320 Spruce St, Florence, OR 97439

$1,500,000
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Property Description

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.

1320 Spruce St | MLS# 607072026

This multi-family property located at 1320 Spruce St, Florence, OR 97439 is currently listed for sale with an asking price of $1,500,000. Search Florence real estate on elizabethueland.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Fuel Type: Electricity
Heating: Forced Air90
Roof Type: Composition
Stories: 2.0
Taxes: $14,747
Year Built: 1984
Square Feet: 6,522

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $907.00
Square Footage: 928
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $825.00
Square Footage: 928
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $781.00
Square Footage: 928
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator
Rent: $863.00
Square Footage: 928
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $725.00
Square Footage: 680
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $900.00
Square Footage: 680
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $900.00
Square Footage: 725
Total Units: 1
Unit Type 8:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $720.00
Square Footage: 725
Total Units: 1

Feature Descriptions

Days on Site: 8
Exterior: Lap Siding
Gross Income: $75829.00 (Actual)
Hot Water: Electricity
Lot: Green Belt, Level, Wooded
Net Income: $44421.00 (Actual)
Operating Expenses: $31408.00 (Actual)
Parking: Assigned, Carport
Parking Notes: Assigned, Carport
Sewer: Public Sewer
Special View Info: City, Trees/Woods
Units: 8
Water: Public Water
Wooded: Yes

Local Schools

High School: Siuslaw
Middle School: Siuslaw
Elementary School: Siuslaw

Listed By / Shown By

Listed By

Agency Name: Windermere Real Estate Lane County
Agency Phone: 541-997-5926

Shown By

Agent Name: Elizabeth Ueland Principal Broker
Agent Phone: (310) 213-3151
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 9,251.23 per month $7,584.82 Principal & Interest $1,228.92 Property Tax $437.50 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/29/2026. The listing information on this page last changed on 04/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/29/2026 10:44:23 AM EST) or RMLS (last updated Wed 04/29/2026 1:50:17 AM EST) or COAR/MLSCO (last updated Wed 04/29/2026 10:42:19 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms 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.

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