Fully renovated duplex offering strong investment potential! Each unit features 3 bedrooms, 1.5 bathroom, and an attached garage, with both units currently fully occupied for immediate income. Unit 1340 was fully updated in April 2025, while Unit 1342 was renovated around 2021.Upgrades include new cabinets, windows, doors, and carpet, along with durable luxury vinyl plank flooring in the kitchens and bathrooms. Each unit is equipped with a built-in dishwasher, freestanding refrigerator, range, and washer/dryer hookups.Located in a quiet cul-de-sac near shopping, dining, and everyday amenities, this is a turn-key, low-maintenance investment in a highly convenient location.Please do not disturb tenants. Showings subject to Oregon tenant laws. ***Both units have a lease through March 31 2027*** SHOWINGS ARE LIMITED
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
1340/1342 Q St · $489,900
DAYS ON MARKET
130 days
The average home goes pending in 17 days.
SALE-TO-LIST
99.9%
Most homes are selling 0% below list price.
LIST PRICE
$489,900
Median list price in this area is $492,264. (0% higher than this home)
PRICE DROP
1 price drop
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Crawl space basement
Bedrooms
Each unit has 3 bedrooms
Bathrooms
Each unit has 6 bathrooms
Kitchen
Dishwasher
Microwave
Range
Refrigerator
Laundry & utility
Electric hot water
Heating & cooling
Zoned heating
No central cooling
Exterior features
Cul-de-sac lot
Paved road access
T-111 siding
Home design
Multi-family property
Not attached
Existing condition
Parking
Driveway
Detached garage
2 garage spaces
Construction
Built in 1977
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Electricity
HOA & community
Zoned R2
Financial info
Two-unit property
Unit 1 actual rent $1,726
Unit 2 actual rent $1,590
Gross rent multiplier 12.31
Cap rate 6.74
Other
Parcel number 1155272
Electricity and solar
View estimated energy costs and solar savings for this home
Replace the existing exterior electrical panels on a duplex residential building.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
15 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Springfield, OR • 97477
Average low and high temperatures (°F)
47
33
51
37
59
42
64
43
70
48
78
52
86
57
86
58
77
53
64
45
53
42
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1340/1342 Q St
$480,349
$9,551 under list price of $490K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $425K to $525K.