Beds
Baths
2,640 Sq. Ft.
$184 / Sq. Ft.
2,640
Sq. Ft.
$184
per Sq. Ft.

Description

New roof within the last 2 years. Occupants pay all utilities(water, sewer and garbage). Operating costs 2023 are alot higher than normal due to repairs and remodels. We will show 1 unit and with an accepted offer we will show all units. Also 349 is for sale both on separate tax lots. STRICTLY AS IS, see addendum #1, provided by the seller. NOI is for 2024, 2023 had a lot of remodel/repair.New roof within the last 2 years. Occupants pay all utilities(water, sewer and garbage). Operating costs 2023 are alot higher than normal due to repairs and remodels. We will show 1 unit and with an accepted offer we will show all units. Also 349 is for sale both on separate tax lots. STRICTLY AS IS, see addendum #1, provided by the seller. NOI is for 2024, 2023 had a lot of remodel/repair.
  1. Listed by Phillip Nielsen • Keystone Real Estate
  2. Listed by Stephen Nielsen • Keystone Real Estate

Property Details for 351 40th Street

Zoning
MDR
Parking Total
4.00
LISTING UPDATED: 11/09/2025 05:00 AM

Property Details for 351 40th Street

StatusSold
MLS #24433847
Days on Market21
Taxes$4,331 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1992
Lot Size0.21 AC / 9,147 SF
CountyLane County

Location

Listing Courtesy of Keystone Real Estate

Sold By 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

$2,811 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,450

Property Taxes

$361

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: E on Main L on 40th
  • Road Surface: Paved
School Information
  • Elementary School: Riverbend
  • High School: Thurston
  • Middle Or Junior School: Briggs
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $4,331.05
  • Parcel Number: 1479128
  • Tax Legal Description: TRS: T17 R02 531 Q14, LOT: TL 04503
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: Approximately
  • Year Built: 1992
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Composition
Interior Features
  • Foundation Details: Slab
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $41,232.00
  • Gross Rent Multiplier: $13.95
  • Investor Information: Rent Records
  • Net Income Actual: $6,671.00
  • Operating Expense: $29,572.00
  • Storage: None
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 2640
Unit 1 Information
  • Unit Type 1 Baths Total: 4
  • Unit Type 1 Baths Decimal: 4.00
  • Unit Type 1 Beds Total: 8
  • Unit Type 1 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $3,420
  • Unit Type 1 SqFt: 660.0
  • Unit Type 1 Units Total: 4

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, Compass 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
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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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Listing Courtesy of Keystone Real Estate

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