Renovated Duplex with Attached
1340/1342 Q St Springfield, OR 97477
1340/1342 Q St, Springfield, OR, 97477
$489,900
For Sale
$489,900
MULTI_FAMILY - Springfield, OR
Property Size2,145 SF
Lot Size0.20 Acres
Price / SF$228.39
Days on Market79
Property Features for 1340/1342 Q St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 12
- Rooms
- Bathroom 7, Bedroom 3, Bathroom 10, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 9, Bathroom 8, Bathroom 12, Bathroom 11, Bathroom 4, Bedroom 2
- Standard status
- Active
- APN
- 1155272
- Size
- 2,145 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Description
- 17-03-25-23-01720
- Tax Annual Amount
- 4322
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agency
ICON Real Estate Group
(541) 915-2080
Listed by
Sandra Boyst · License #201208715
(541) 729-4063
Added: May 5 Updated: Jul 19 at 6:30PM Checked: Jul 22 at 1:06PM
MLS# 555931783
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated duplex includes two occupied units, each featuring three bedrooms and 1.5 bathrooms with an attached garage. Unit 1340 was updated in April 2025, while Unit 1342 was renovated around 2021. Interior 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 and includes a freestanding refrigerator, range, and washer/dryer hookups. The property is located on a quiet cul-de-sac in Springfield, Oregon.
Both units have leases in place through March 31, 2027. Showings are limited and must follow Oregon tenant laws; please do not disturb tenants.
Each unit is equipped with a built-in dishwasher and includes a freestanding refrigerator, range, and washer/dryer hookups. The property is located on a quiet cul-de-sac in Springfield, Oregon.
Both units have leases in place through March 31, 2027. Showings are limited and must follow Oregon tenant laws; please do not disturb tenants.
Key Highlights
- Fully renovated duplex with two 3‑bedroom, 1.5‑bath units
- Both units currently occupied and have leases through March 31, 2027
- Unit 1340 updated in April 2025; Unit 1342 renovated around 2021
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $15.00 |
| − Vacancy | −$2.1k | −$0.98 |
| EGI | $30.1k | $14.03 |
| − OpEx | −$9.0k | −$4.21 |
| NOI | $21.1k | $9.82 |
2,145 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.8K
$263.2K – $351.0K
NOI $21,059 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$280.1K
$245.1K – $326.7K
NOI $19,604 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$542.7K
$474.8K – $633.1K
NOI $37,986 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully renovated duplex with two 3-bedroom units, each with 1.5 baths, attached garages, and updated interior finishes.
Where is this duplex located?
The property is located at 1340/1342 Q St Springfield, OR.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Fully renovated duplex with two 3‑bedroom, 1.5‑bath units; Both units currently occupied and have leases through March 31, 2027; Unit 1340 updated in April 2025; Unit 1342 renovated around 2021
