63rd Street Fourplex 168 S 63rd St 4 Unit Apartment Building $982,253 CAD ($245,563 CAD/Unit) 5.58% Cap Rate Springfield, OR 97478

The 63rd Street Fourplex is a two-story multifamily property located at 168 S. 63rd Street in Springfield, Oregon. Built in 1979, the property sits on approximately 0.24 acres and consists of four residential units totaling approximately 4,940 square feet of living space. The unit mix includes two two-bedroom/one-and-one-half-bathroom units and two three-bedroom/one-and-one-half-bathroom units, offering spacious layouts that appeal to a wide range of tenants seeking larger floor plans in the Springfield rental market.
Each unit features desirable amenities including private garages and fenced yards, providing tenants with additional privacy and storage while creating a more single-family style living environment. The property is individually metered for electricity and water, helping to keep operating expenses low for ownership.
Location Overview –
The property is positioned in a convenient residential area of Springfield with easy access to major transportation corridors including Highway 126 and Interstate 5, allowing residents to quickly commute throughout the Eugene–Springfield metro area. The location provides excellent connectivity to major employment hubs, retail centers, and daily amenities while maintaining a quiet neighborhood setting.
Residents benefit from close proximity to Gateway Mall, RiverBend Medical Center, and numerous shopping, dining, and entertainment options located just minutes away along Gateway Street and Beltline Road. The surrounding area is also home to several parks, schools, and community amenities, making it an attractive location for long-term renters seeking both convenience and livability.