351 40th St

Springfield, OR 97478

$674,900
Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
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Sq. Ft.
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per Sq. Ft.
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Description

Great opportunity to purchase a turnkey 4-Plex in the heart of Springfield. Live in one unit & rent out the rests or add this great property to your investment portfolio. Lots of valuable updates including a brand new roof, new gutters, updated interior features & more! Each unit features two bedrooms & one bathroom. With plenty of room for parking for each unit. Please do not disturb the tenants. Shown by appointment only! Only the vacant unit is available to tour, with the remaining to be shown...Great opportunity to purchase a turnkey 4-Plex in the heart of Springfield. Live in one unit & rent out the rests or add this great property to your investment portfolio. Lots of valuable updates including a brand new roof, new gutters, updated interior features & more! Each unit features two bedrooms & one bathroom. With plenty of room for parking for each unit. Please do not disturb the tenants. Shown by appointment only! Only the vacant unit is available to tour, with the remaining to be shown after an accepted offer. Call you broker today to arrange a private tour. Rental records available upon request!
  1. Listed by Jesse Haffly • eXp Realty LLC

Property Details for 351 40th Street

Parking Features
Off Street, Paved
Zoning
R2
View
Mountain
Garage Spaces
.00
Parking Total
10.00
LISTING UPDATED: 06/22/2026 10:20 AM

Property Details for 351 40th Street

StatusActive
MLS #705904630
Days on Market1
Taxes$4,598 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1992
Lot Size0.21 AC / 9,147 SF
CountyLane County
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Location

Listing Courtesy of eXp Realty LLC
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Building Information for 351 40th Street

Stories1Residences4Year Built1992Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

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$3,746 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,363

Property Taxes

$383

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 351 40th Street

Summary
Location and General Information
  • Country: US
  • Directions: East on Main St. left on 40th property is on the right
  • Road Surface: Concrete, Paved
School Information
  • Elementary School: Riverbend
  • High School: Thurston
  • Middle Or Junior School: Briggs
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $4,597.89
  • Parcel Number: 1479128
  • Tax Legal Description: See TRIO
Property
Lot Information
  • Acres: 0.21
  • Lot Description: Level
  • Lot Size Square Feet: 9147.0
  • 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: Updated Remodeled
  • Year Built: 1992
Utilities
  • Cooling Description: Window Unit
  • Fuel Description: Electricity
  • Heating Description: Wall Heater, Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Slab
  • Stories: 1
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $39,576.00
  • Gross Income Projected: $67,200.00
  • Gross Rent Multiplier: $17.05
  • Investor Information: According To Owner
  • Net Income Actual: $35,052.00
  • Net Income Projected: 59076
  • Operating Expense: $4,524.00
  • Security Features: None
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 660.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $1,023
  • Unit Type 2 SqFt: 660.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator
  • Unit Type 3 Rent: $1,067
  • Unit Type 3 SqFt: 660.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator
  • Unit Type 4 Rent: $1,208
  • Unit Type 4 SqFt: 660
  • Unit Type 4 UnitsTotal: 1

Property History for 351 40th Street

DateEvent & SourcePriceAppreciation
Jun 13, 2024

Sold (Public Record)

Public Record #1537302389

$486,500—
DateEvent & SourcePrice
06/13/2024

Sold (Public Record)

Public Record #1537302389

$486,500

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

Public Records for 351 40th Street

Taxable ValueLand-Additions-Total-
Tax Record2025$4,598 ($383 / month)
Home Facts
Baths4Total Finished SqFt2,640 SqFtAbove Grade Finished SqFt2,640 SqFtStories1Lot Size9,148 SqFtStyleDuplexYear Built1992ZoningMD- MEDIUM DECountyLANEAPN17-02-31-14-04503-000

Schools near 351 40th Street

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Riverbend Elementary School
Public - K to 5
Briggs Middle School
Public - 6 to 8
Thurston High School
Public - 9 to 12
Mohawk Elementary School
Public - K to 5
Rating
School
Distance
Riverbend Elementary School
PublicK to 5

Briggs Middle School
Public6 to 8

Thurston 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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More information about 351 40th Street, Springfield, OR 97478

351 40th Street is a multi-family home for sale in Springfield, OR 97478. This property was listed for sale on June 22, 2026 by eXp Realty LLC, it's currently listed at $674,900. It has been on the market for a total of 1 days and was last sold on June 13, 2024. This listing's school district is Springfield School District 19. Nearby schools include Riverbend Elementary School, Briggs Middle School and Thurston High School. 351 40th Street is a 0-bed, 0-bath, multi-family home built in 1992.

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 eXp Realty LLC

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: 06/22/2026 10:20 AM