124 S 63rd St, Springfield, OR 97478

Scott King and Caspian Hoehne of Merit Commercial Real Estate exclusively represented the Seller in the sale of a small, four-unit multifamily property located in east Springfield, Oregon in 2025.

‍The Challenge: The subject presented a few challenges that required the right pricing strategy and the right positioning of the listing in order to achieve a sale in an environment with rapidly rising interest rates, flat to declining multifamily fundamentals, majority 1-bed units, and below-market rents. 

Merit's Process: The Merit team spent a significant amount of pre-listing time to fully understand the asset and how it sits in the market. This specific subset of the marketplace - multifamily under 5 units - was a relatively fast-paced environment with equal parts owner-occupants and investment-driven purchases. Excellent materials that stood alone combined with a diversified marketing strategy across multiple platforms led to a competitive, multiple-offer process. The end buyer was far and away the strongest financially, and the rest of the sales process was quickly moved forward. 

The Result: The property sold for $606,500 with conventional financing terms in July, 2025, after a competitive multiple-offer sales process, after just 10 days on the market.