Seller's Agent in 2025
Sandra Boyst
ICON Real Estate Group
(541) 729-4063
14 in this area
158 Total Sales
157 40th St Springfield, OR 97478
East Springfield Neighborhood
8
Beds
8
Baths
4,704
Sq Ft
13,504
Sq Ft Lot
About This Home
As of December 20254-Plex in Highly Desirable Thurston NeighborhoodExcellent investment opportunity in one of Springfield’s most sought-after areas. Each townhouse-style unit offers two bedrooms and one full bath upstairs, plus a convenient half bath on the main level. The floor plan features spacious living areas, washer and dryer hookups in each private garage, and large yards — a rare find for multifamily living.These properties have a strong, long-term rental history with consistent tenant demand. The exterior was recently painted, and the current owners have cared for and maintained the property for over 20 years. This is a well-preserved and stable investment in a prime location close to schools, parks, shopping, and easy freeway access. New exterior photos and interior photos of vacant unit coming soon.!!!!
Last Agent to Sell the Property
ICON Real Estate Group Brokerage Email: ICON@TheICONREGroup.com License #201208715 Listed on: 11/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,710
Year Built
- Built in 1973
Lot Details
- 0.31 Acre Lot
Parking
- 4 Car Garage
- Garage Door Opener
Home Design
- Composition Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,704 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Schools
- Riverbend Elementary School
- Briggs Middle School
- Thurston High School
Utilities
- No Cooling
- Zoned Heating
- Electric Water Heater
Listing and Financial Details
- Rent includes ground maintenance
- Assessor Parcel Number 1810637
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $19,827
- Gross Income $65,880
- Net Operating Income $46,053
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2025
Closed on
Dec 19, 2025
Sold by
Quail Investments Llc
Bought by
Buresh Jodi M and Buresh Jeremiah R
Seller's Agent
Sandra Boyst
ICON Real Estate Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$700,000
Sold Price
$711,000
Premium/Discount to List
$11,000
1.57%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.26%
Original Mortgage
$533,250
Outstanding Balance
$532,230
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$180,732
Purchase Details
Closed on
Apr 12, 2012
Sold by
Orre Randy G and Orre Barbara A
Bought by
Quail Investments Llc
Purchase Details
Closed on
Jan 27, 2012
Sold by
Quail Investments Llc
Bought by
Orre Randy G and Orre Barbara A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 11, 2008
Sold by
Orre Randy G and Orre Barbara A
Bought by
Quail Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.3%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 6, 2007
Sold by
Century 21 Westover Realty Inc
Bought by
Orre Randy G and Orre Barbara A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.3%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $711,000 | Evergreen Land Title Company | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | -- | Western Title & Escrow Compa | |
| Warranty Deed | -- | First American Title | |
| Warranty Deed | $350,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $533,250 | New Conventional | |
| Previous Owner | $197,000 | New Conventional | |
| Previous Owner | $200,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2025 12/22/25 | Sold | $711,000 | +1.6% | $151 / Sq Ft |
| 11/20/2025 11/20/25 | Pending | -- | -- | -- |
| 11/18/2025 11/18/25 | For Sale | $700,000 | 0.0% | $149 / Sq Ft |
| 11/04/2025 11/04/25 | Pending | -- | -- | -- |
| 11/04/2025 11/04/25 | For Sale | $700,000 | -- | $149 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,804 | $316,496 | -- | -- |
| 2024 | $5,710 | $307,278 | -- | -- |
| 2023 | $5,710 | $298,329 | $0 | $0 |
| 2022 | $5,288 | $289,640 | $0 | $0 |
| 2021 | $5,193 | $281,204 | $0 | $0 |
| 2020 | $5,042 | $273,014 | $0 | $0 |
| 2019 | $4,890 | $265,063 | $0 | $0 |
| 2018 | $4,403 | $257,343 | $0 | $0 |
| 2017 | $4,425 | $257,343 | $0 | $0 |
| 2016 | $4,415 | $254,544 | $0 | $0 |
| 2015 | $4,301 | $250,088 | $0 | $0 |
| 2014 | $4,353 | $249,486 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sandra Boyst
-
OR and WA Non Rmls
O
Buyer's Agent in 2025
OR and WA Non Rmls
Non Rmls Broker
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 239958980
APN: 1810637
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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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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