219 South 40th Street

Sold 4/25/22

Sold

Last Sold Price

$505,000

219 S 40th St, Springfield, OR 97478

Multi FamilyProperty Type

1977Year Built

Description

Great investment opportunity! Both units feature 3 upstairs bedrooms, 1.5 bathrooms and approx. 1000+ square feet. Kitchen, dining with slider to the back yard, half bath and living room on the main level. Each unit has a large, single car garage and indoor washer/dryer hookups. Each back yard is fenced and offers a covered patio, Roof is apprx. 4 years old. Close proximity to schools, dining, shopping and bus-line.Great investment opportunity! Both units feature 3 upstairs bedrooms, 1.5 bathrooms and approx. 1000+ square feet. Kitchen, dining with slider to the back yard, half bath and living room on the main level. Each unit has a large, single car garage and indoor washer/dryer hookups. Each back yard is fenced and offers a covered patio, Roof is apprx. 4 years old. Close proximity to schools, dining, shopping and bus-line.

Listed by: Teri Dibos • Keller Williams Realty Eugene and Springfield
Listed by: Bryan Dibos

Listing closed: 04/25/2022 12:00 AM • Source: RMLS, MLS#: 22480564

Amenities

Back Yard
Garage
Kitchen Dining

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Location

Listing Courtesy of Keller Williams Realty Eugene and Springfield

Sold By Equinox Real Estate

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$3,016 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,696

Property Taxes

$320

HOA Dues

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Property Information for 219 South 40th Street

Property Details

Taxes: $3,845 / year
MLS Type: Multi Family
County: Lane County

Building Information

Stories: 2
Residences: 2
Year Built: 1977

Summary

Location and General Information

Area: Lane Co: Springfield
Country: US

Directions: Main Street to South on S> 40th Street.
Road Surface: Paved

Parking

Parking Features: Attached,Garage

Taxes and HOA Information

FIRPTA Y/N: No
Tax Year: 2021

Tax Deferral YN: No

Virtual Tour

Video Virtual Tour 1 Y/N: No

Property

Lot Information

Lot Description: Level
Zoning: MD

Property and Assessments

Water Description: Public Water
Property Condition: Existing

Utilities

Cooling Description: None
Fuel Description: Electricity

Heating Description: Ceiling
Hot Water Description: Electricity
Sewer Description: Public Sewer

Interior and Exterior Features

Exterior Features

Exterior Description: Vinyl Siding
Roof Type: Composition

Interior Features

Foundation Details: Concrete Perimeter
View Y/N: No

Multi Family

Multi-Family Information

Gross Income Actual: $18,000
Gross Income Projected: $30,000

Gross Rent Multiplier: 25
Investor Information: Rent Records
Net Income Actual: $13,400
Net Income Projected: $33,400
Occupancy Types: Leased, Vacant
Operating Expenses Actual: $4,600
Operating Expenses Projected: $4,600
Security Features: None
SqFt Approximate Building Total: 2085
Storage: Garage(s)
Unit Features: Dishwasher, Range, Refrigerator, Unfurnished
Unit Type Type: 1

Unit 1

Unit Type 1 Baths Total: 2
Unit Type 1 Beds Total: 6

Unit Type 1 Features: Dishwasher, Range, Refrigerator, Unfurnished
Unit Type 1 Rent: $1,500
Unit Type 1 SqFt: 1042.0
Unit Type 1 Units Total: 2

Property History for 219 South 40th Street

Date	Event & Source	Price	Appreciation
Apr 20, 2022	Sold (Public Record) Public Record #1488147600	$505,000	+16.6% / yr
Jun 15, 2017	Sold (Public Record) Public Record #599455973	$240,000	—

Date	Event & Source	Price
04/20/2022	Sold (Public Record) Public Record #1488147600	$505,000 +16.6% / yr
06/15/2017	Sold (Public Record) Public Record #599455973	$240,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

219 South 40th Street

Baths

Total Finished SqFt

2,085 SqFt

Above Grade Finished SqFt

2,085 SqFt

Stories

Lot Size

6,534 SqFt

Style

Duplex

Schools near 219 South 40th Street

This home is within Springfield School District 19.


Rating	School	Type	Grades	Distance
8/10	Douglas Gardens Elementary School	Public - Serves this home	K to 5	0.7 mi
6/10	Agnes Stewart Middle School	Public - Serves this home	6 to 8	0.8 mi
4/10	Springfield High School	Public - Serves this home	9 to 12	2.3 mi
4/10	Willamette Leadership Academy	Charter - Choice school	6 to 12	4.0 mi
7/10	Academy Of Arts And Academics	Public - Choice school	9 to 12	2.4 mi
NR	Gateways High School	Public - Nearby school	9 to 12	2.4 mi
NR	Mckenzie Mont School	Private - Nearby school	PK to 2	0.5 mi


Rating	School	Distance
8/10	Douglas Gardens Elementary School PublicK to 5 Serves this home	0.7 mi
6/10	Agnes Stewart Middle School Public6 to 8 Serves this home	0.8 mi
4/10	Springfield High School Public9 to 12 Serves this home	2.3 mi
4/10	Willamette Leadership Academy Charter6 to 12 Choice school	4.0 mi
7/10	Academy Of Arts And Academics Public9 to 12 Choice school	2.4 mi
NR	Gateways High School Public9 to 12 Nearby school	2.4 mi
NR	Mckenzie Mont School PrivatePK to 2 Nearby school	0.5 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.