351 40th Street

Springfield, OR 97478

$575,000
Price
Beds
2,640 Sq. Ft.
$218 / Sq. Ft.
2,640
Sq. Ft.
$218
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

Location

Listing Courtesy of Keystone Real Estate
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LISTING UPDATED: 04/19/2024 01:51 PM

Property Details for 351 40th Street

StatusActive
MLS #24433847
Days on Market16
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
Add your commute

Building Information for 351 40th Street

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

Payment Calculator

$3,499 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$361

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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 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

Public Records for 351 40th Street

Taxable ValueLand-Additions-Total-
Tax Record2023$4,331 ($361 / 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 - 9 to 12
Rating
School
Distance
Riverbend Elementary School
PublicK to 5

Briggs Middle School
Public6 to 8

Thurston High School
Public9 to 12

Gateways High School
Public9 to 12

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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351 40th Street is a multi-family home for sale in Springfield, OR 97478. This property was listed for sale on April 19, 2024 by Keystone Real Estate, it's currently listed at $575,000. 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, 2,640 sqft multi-family home built in 1992.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keystone 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 © 2024 RMLS, Portland, Oregon. Last updated: 04/19/2024 01:51 PM