BRAND NEW ROOF!!! This fourplex in Springfield’s Hayden Bridge neighborhood includes four 2-bedroom, 1.5-bathroom units with in-unit laundry hookups and designated parking, all currently leased for immediate income. Conveniently positioned with access to shopping, restaurants, and public transit, the property demonstrates consistent rental performance. An adjacent fourplex on the same lot is also offered separately at the same list price, creating a rare opportunity to acquire up to eight total units in one location, with flexibility to purchase individually or together as a package.
Melissa McGuire • Berkshire Hathaway HomeServices Real Estate Professionals
Around this home
Schools
K - 12
Preschool & daycare
Elizabeth Page Elementary School
Public K-5 • Assigned • 0.4mi
4/10
Briggs Middle School
Public 6-8 • Assigned • 1.0mi
6/10
Springfield High School
Public 9-12 • Assigned • 0.8mi
4/10
Provided by GreatSchools
About Q
Street
Q Street, located between Main Street and 42nd Street, is a residential and commercial Springfield neighborhood with a walkable grid and a river-adjacent feel. The neighborhood’s character concentrates around Main Street near the Willamette River, where independent storefronts, casual eateries, and civic buildings set a steady daytime rhythm. Nearby, the Wildish Community Theater and the Springfield History Museum at the Dorris Ranch Barn anchor local arts and heritage. Housing reads as a mix of mid-century ranches, compact bungalows, and small apartment courts along tree-lined blocks. Parks and river paths shape daily routines, with open lawns and trailheads acting as natural gathering points. The result is a grounded, practical pocket with culture close at hand.
Provided by Walk Score and Local Logic
Market insights
1194 R St · $629,000
DAYS ON MARKET
113 days
The average home goes pending in 17 days.
SALE-TO-LIST
99.9%
Most homes are selling 0% below list price.
LIST PRICE
$629,000
Median sale price in this area is $468,256. (26% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling heating
Bedrooms
Four 2-bedroom units
Bathrooms
Each unit has 2 bathrooms
Kitchen
Each unit includes a dishwasher and refrigerator
Laundry & utility
Electric hot water
Heating & cooling
Ceiling heating
No central air conditioning
Exterior features
Level lot
Paved road access
T-111 siding
Home design
Multifamily property
Not attached to other buildings
No notable view
Parking
Off-street parking for 8 vehicles
Construction
Built in 1982
Slab foundation
Composition shingle roof
Utilities
Public water
Public sewer
Electricity service
HOA & community
Zoned R2
Financial info
Four total units
Unit rents: $1,100; $1,250; $1,150; $1,120
Gross rent multiplier 11.18
Cap rate 7.24
Rent covers trash collection and water
Other
Parcel number 1259884
Electricity and solar
View estimated energy costs and solar savings for this home