275 S 40th Pl

Springfield, OR 97478

$473,500
Last Sold Price
—
Beds
—
Baths
2,076 Sq. Ft.
$228 / Sq. Ft.
2,076
Sq. Ft.
$228
per Sq. Ft.
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Sold 7/2/25
Sold 7/2/25
a view of a house with a yard
a view of a house with a yard and large tree
a house with a yard
a kitchen filled with stainless steel appliances a stove a sink and a refrigerator
a utility room with dryer and washer
a utility room with dryer and washer
a close view of sink
a bathroom with a sink toilet and vanity
a living room with furniture and a flat screen tv
a view of entryway
a bedroom with a bed and a window
a bedroom with a bed and a window
a bathroom with a sink a mirror and vanity
a bathroom with a sink vanity mirror and toilet
a bathroom with a sink and a mirror
a kitchen with a sink cabinets and a window
a living room with furniture and a toilet
a utility room with dryer and washer
a view of a backyard
a backyard of a house with lots of green space
a front view of a house with swimming pool

Description

Investor Alert: Duplex's two units are being sold together. Welcome to 275/273 S. 40th Pl, a well-maintained duplex nestled in a quiet cul-de-sac in one of Springfield's central neighborhoods. Each unit offers 2 spacious upstairs bedrooms, 1 bathroom upstairs, a half bath downstairs, and approximately 1,038 sq ft of comfortable living space with vaulted ceilings in the living rooms. The property features deep one-car garages with washer/dryer hookups (laundry appliances not included) and fully fenced,...Investor Alert: Duplex's two units are being sold together. Welcome to 275/273 S. 40th Pl, a well-maintained duplex nestled in a quiet cul-de-sac in one of Springfield's central neighborhoods. Each unit offers 2 spacious upstairs bedrooms, 1 bathroom upstairs, a half bath downstairs, and approximately 1,038 sq ft of comfortable living space with vaulted ceilings in the living rooms. The property features deep one-car garages with washer/dryer hookups (laundry appliances not included) and fully fenced, generously sized backyards—perfect for outdoor activities. One unit (275) has been updated with newer flooring and a refreshed kitchen, adding modern appeal. Whether you're looking to live in one unit and rent the other or expand your investment portfolio, this property provides excellent income potential, with current long-term tenants renting on a month-to-month basis. Conveniently located just minutes from schools, parks, bike paths, shopping, and downtown Springfield, with easy access to major highways. Enjoy the charm and lifestyle of the Willamette Valley while making a smart, versatile investment. Don't miss out on this exceptional duplex—schedule your showing today! 24-hour advance scheduling is in place. Please do not disturb tenants
  1. Listed by Dave Lacy • Valley Real Estate • 541-747-9971

Property Details for 275 South 40th Place

Parking Features
Driveway, Garage
Zoning
R2
View
Seasonal
Garage Spaces
2.00
Parking Total
2.00
LISTING CLOSED: 07/02/2025 12:00 AM

Property Details for 275 South 40th Place

StatusSold
MLS #677190226
Days on Market6
Taxes$3,975 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1976
Lot Size0.18 AC / 7,840 SF
CountyLane County
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Location

Listing Courtesy of Valley Real Estate

Sold By Golden Realty

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Building Information for 275 South 40th Place

Stories2Residences2Year Built1976Building Size-Lot Size0.18 AC / 7,840 SF

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$2,691 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,360

Property Taxes

$331

HOA Dues

$0

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Property Information for 275 South 40th Place

Summary
Location and General Information
  • Country: US
  • Directions: Main St. to S. 40th to L. on Oregon to 275 S. 40th PL
  • Road Surface: Paved
School Information
  • Elementary School: Douglas Gardens
  • High School: Springfield
  • Middle Or Junior School: Agnes Stewart
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $3,975.06
  • Parcel Number: 1181195
  • Tax Legal Description: Map & Taxlot#17-02-31-44-00304
Property
Lot Information
  • Acres: 0.18
  • Lot Description: Cul_de_sac, Level, Trees
  • Lot Size Square Feet: 7840.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1976
Utilities
  • Cooling Description: Air Conditioning Ready
  • Fuel Description: Electricity
  • Heating Description: Forced Air
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Plywood, T111Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space, Exterior Entry
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable, Fiber Optics
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $24,460.00
  • Gross Rent Multiplier: $18.81
  • Investor Information: According To Owner
  • Net Income Actual: $17,870.00
  • Operating Expense: $6,590.00
  • Security Features: Security Lights
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 2076
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Fireplace, Range, Refrigerator
  • Unit Type 1 Rent: $1,250
  • Unit Type 1 SqFt: 1038.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Fireplace, Range, Refrigerator
  • Unit Type 2 Rent: $830
  • Unit Type 2 SqFt: 1038.0
  • Unit Type 2 Units Total: 1

Schools near 275 South 40th Place

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Douglas Gardens Elementary School
Public - K to 5
Agnes Stewart Middle School
Public - 6 to 8
Springfield High School
Public - 9 to 12
Mohawk Elementary School
Public - K to 5
Rating
School
Distance
Douglas Gardens Elementary School
PublicK to 5

Agnes Stewart Middle School
Public6 to 8

Springfield High School
Public9 to 12

Mohawk Elementary School
PublicK to 5

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.

Listing Courtesy of Valley Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 07/02/2025 04:02 PM