Two 4 plex's on 2 legal lots. Extremely well managed with impressive and durable income. Two paved parking spots for each unit. Onsite laundry facility & storage areas for each unit. Many units updated with newer floorcoverings, paint and appliances. Good proximity to bus line, ample shopping and the EWEB bike path.
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
Property details
Interior
Exterior
Finance
Interior features
Individual storage units
Crawl space basement
Bedrooms
Eight 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Dishwasher
Range
Refrigerator
Laundry & utility
On-site laundry (community laundry available)
Electric hot water
Heating & cooling
Zoned heating
No central cooling listed
Exterior features
Level lot
Paved road access
T-111 siding
Composition roof
Home design
Multi-family property
Not attached
Parking
Paved parking
16 parking spaces
Construction
Built in 1991
Concrete perimeter and pillar/post/pier foundation
Utilities
Electric fuel
Public water
Public sewer
Cable internet available
HOA & community
Zoned R2
Community laundry
Financial info
8 total units
Unit rents range approximately from $1,145 to $1,495
Gross rent multiplier and cap rate listed (GRM 10.31, CAP 8.06)
Other
Rent includes grounds maintenance and trash collection
Electricity and solar
View estimated energy costs and solar savings for this home