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Listing provided courtesy of eXp Realty LLC- MLS# 705904630MLS Provider

351 40TH STSpringfield, OR 97478

Multi-Family · 0.21 Acres
$674,900 Active

351 40TH ST Overview

Time on Site:
7 days
Visits:
0

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!

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351 40TH ST Facts & Features

  • Type Multi-Family
  • Lot 0.21 Acres

Details

General

School Information

  • Elementary School: Riverbend
  • Middle Or Junior School: Briggs
  • High School: Thurston

Income/Expenses

  • Gross Income: 39576.0
  • Gross Scheduled Income: 67200.0
  • Net Operating Income: 35052.0
  • Operating Expense: 4524.0

Building Information

  • Year Built: 1992

Location/Region

  • Country: US
  • County Or Parish: Lane
  • MLS Area Major: 249 - Lane Co: Springfield

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 4597.89
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 1479128
  • Property Condition: Updated/Remodeled
  • Property Type: Multi Family
  • Zoning: R2

Interior

Parking Information

  • Garage Spaces: 0

General Information

  • Basement: Crawl Space
  • Cooling: Window Unit(s)
  • Foundation Details: Slab
  • Heating: Wall Heater,Zoned
  • Security Features: None
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Off Street,Paved
  • Parking Total: 10.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.21
  • Lot Size Square Feet: 9147.0
  • Road Surface Type: Concrete,Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

351 40TH ST Neighborhood

Community

97478 (Springfield) Demographics

39
Median Age
246
Population Density (per sq. mile)
30%
College Educated
$64,536
Estimated Median Income
10,370
Estimated Total Home Owners
4,365
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

351 40TH ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

351 40TH ST Market Data

Based on the last 30 days in this zip code

$544,826
Average List Price
$299
Average Price per Square Foot
41
Properties Sold
83
Average Days on Market
182
Properties for Sale
Calculations provided by Reliance Network

351 40TH ST History

Date Event Value Agent
6/22/2026Source: Regional MLS Added to Database
June 22, 2026
8/2/2024Source: Regional MLS Status Change
Sold
5/11/2024Source: Regional MLS Status Change
Pending
4/19/2024Source: Regional MLS Added to Database
April 19, 2024