Last Sold Price
1,621 sqft$222/sqft
435 S 40th St, Springfield, OR 97478

Description

This duplex is fully fenced and sits on a corner lot. It was recently updated on one side and a new roof was put on in 2022. Each side is 2 bed and 1 bath and has a single car garage. Tenants would love to stay.This duplex is fully fenced and sits on a corner lot. It was recently updated on one side and a new roof was put on in 2022. Each side is 2 bed and 1 bath and has a single car garage. Tenants would love to stay.
LISTING CLOSED: 01/05/2024 12:00 AM

  1. Listed by Alison Myers • Lux Realty Group

Property Details for 435 South 40th Street

Status
MLS #
23571337
Days on Market
48
Taxes
$2,937 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1967
Lot Size
-
Parking Features
Garage, Paved
Zoning
LD

Location

Listing Courtesy of Lux Realty Group

Sold By Tim Duncan Real Estate

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Building Information for 435 South 40th Street

Stories1Residences2Year Built1967Building Size-Lot Size-

Payment Calculator

$2,075 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,830

Property Taxes

$245

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 435 South 40th Street

Summary
Location and General Information
  • Country: US
  • Directions: Main st - south on 40th - duplex on left
  • Road Surface: Paved
School Information
  • Elementary School: Douglas Gardens
  • High School: Springfield
  • Middle Or Junior School: Agnes Stewart
Parking
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: No
  • Tax Year: 2022
  • Tax Deferral: No
  • Tax Annual Amount: $2,936.80
  • Parcel Number: 0125375
  • Tax Legal Description: Map & Tax lot# 17-02-31-44-01631- see prelim
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No
Property
Lot Information
  • Lot Description: Corner Lot, Level
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1967
  • Property Attached: No
Utilities
  • Fuel Description: Electricity
  • Heating Description: Other
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Green Features
  • Green Certification: No
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Other
Interior Features
  • Basement: None
  • View Y/N: No
  • Stories: 1
  • Cooling: No
  • Heating: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $26,400.00
  • Gross Rent Multiplier: $14.39
  • Investor Information: Incomplete, Leases
  • Net Income Actual: $23,400.00
  • Operating Expense: $3,000.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 1621
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Microwave, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $1,100
  • Unit Type 1 SqFt: 810.0
  • Unit Type 1 Units Total: 2

Property History for 435 South 40th Street

DateEvent & SourcePriceAppreciation
Jan 4, 2024

Sold (Public Record)

Public Record #1524737781

$360,000

+4.0% / yr

Oct 29, 2008

Sold (Public Record)

Public Record #257807242

$199,000
DateEvent & SourcePrice
01/04/2024

Sold (Public Record)

Public Record #1524737781

$360,000

+4.0% / yr

10/29/2008

Sold (Public Record)

Public Record #257807242

$199,000

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

Public Records for 435 South 40th Street

Taxable ValueLand-Additions-Total-
Tax Record2025$3,223 ($269 / month)
Home Facts
Baths2Total Finished SqFt1,621 SqFtAbove Grade Finished SqFt1,621 SqFtStories1Lot Size6,534 SqFtStyleDuplexYear Built1967Year Renovated1973ZoningLD-LOW DENSITCountyLANEAPN17-02-31-44-01631-000

Schools near 435 South 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
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 Lux Realty Group

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: 01/07/2024 12:35 AM