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About this home
One side vacant! Prime Thurston neighborhood duplex — a rare chance to own a turnkey income property with a built-in value-add play.This exceptional, well-maintained duplex offers 2,268 square feet of total living space across two generously sized units. Each side features a spacious 3-bedroom, 1.5-bathroom layout , situated on a 6,098 SF lot in one of Springfield's most sought-after neighborhoods. Built in 1993 and zoned MD – Medium Density Residential, this property checks every box for investors, house-hackers, and landlords alike.One unit is tenant-occupied and generating $1,260/month in immediate rental income.Investors will appreciate the significant recent upgrades, including brand-new siding, windows, and sliding doors, a solid roof that is only 4-5 years old, and new mini-split heating and AC systems for tenant comfort and energy efficiency.
East Main, located between Downtown Springfield and Thurston, is a historic and commercial Springfield neighborhood with a walkable main drag and a river-adjacent feel. The neighborhood’s character concentrates around Main Street near 5th Street, where storefront windows, patios, and small galleries set a steady street-level rhythm. Early-20th-century bungalows and compact cottages sit behind older brick facades and newer infill along the corridor. Public art and event energy radiate from the Richard E. Wildish Community Theater. Local staples like PublicHouse and Plank Town Brewing Company anchor the food-and-drink scene. Island Park and the Willamette River paths shape daily routines with open lawns and long, flat routes.
Provided by Walk Score and Local Logic
Offer insights
217 Smith Loop · $524,900
$525K and above
75% chance or better to win
Why $525K+ is a strong offer
DAYS ON MARKET
116 days
The average home goes pending in 39 days.
SALE-TO-LIST
93.0%
Most homes are selling 7% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Crawl space basement
Air conditioning in each unit (mini split)
Bedrooms
Two 3-bedroom units
Bathrooms
Each unit has 2 bathrooms
Kitchen
No appliances specifically listed
Laundry & utility
Electric hot water
Heating & cooling
Mini split heating
Mini split cooling
Exterior features
Lap siding exterior
Paved public road frontage
Home design
Multi-family property
Not attached
Built in 1993
Total building area approximately 2,268
Parking
Carport
Driveway
2 garage spaces
Construction
Shingle roof
Skirting foundation
Utilities
Public water
Public sewer
Electric fuel
HOA & community
Zoning: MD
Financial info
Two-unit building with individual rents reported: one unit rented at $1,260 and one unit rented at $1,725
Cap rate reported at 2.03
Gross rent multiplier reported at 34.72
Other
Tax year 2025
Electricity and solar
View estimated energy costs and solar savings for this home