Seller's Agent in 2025
Shelly Begines
Joi Real Estate
(503) 814-1449
1 in this area
25 Total Sales
231 S 40th St Springfield, OR 97478
East Springfield NeighborhoodEstimated Value: $575,000 - $641,000
9
Beds
4
Baths
3,158
Sq Ft
$191/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Facilities
- Level Lot
- Heating unit installed on the ceiling
About This Home
As of September 2025New To Market!-Prime Investment Opportunity! This well-maintained quadplex in Springfield is just off Main Street and sits on a spacious lot with private parking-2 spots per unit. Property features include: Three 2 bed/1 bath units & One 3 bed/1 bath unit, shared laundry on the first floor and a history of low to no vacancy. Perfect for seasoned investors or those looking to grow their portfolio with a solid, income-generating property.
Last Agent to Sell the Property
Joi Real Estate License #201221974 Listed on: 07/30/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,233
Year Built
- Built in 1973
Lot Details
- 10,018 Sq Ft Lot
- Level Lot
Home Design
- Slab Foundation
- Composition Roof
- Plywood Siding Panel T1-11
Interior Spaces
- 3,158 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- Paved Parking
- Assigned Parking
Schools
- Douglas Gardens Elementary School
- Agnes Stewart Middle School
- Springfield High School
Utilities
- No Cooling
- Heating unit installed on the ceiling
- Electric Water Heater
Listing and Financial Details
- Rent includes sewer, trashcollection, water
- Assessor Parcel Number 0122729
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- Operating Expense $14,222
- Gross Income $32,760
- Net Operating Income $18,538
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2025
Closed on
Sep 5, 2025
Sold by
Bought by
Seller's Agent
Shelly Begines
Joi Real Estate
Buyer's Agent
Sarah Gonzalez
Bell Real Estate
List Price
$599,000
Sold Price
$599,000
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,693
Avg. Annual Appreciation
0.86%
Original Mortgage
$449,250
Interest Rate
0.0672%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 5, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
0.0584%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 18, 2001
Sold by
Bought by
Purchase Details
Closed on
Dec 17, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
0.0782%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $599,000 | Evergreen Land Title Company | ||
| $200,000 | Western Pioneer Title Co | ||
| -- | Cascade Title Co | ||
| -- | Cascade Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $449,250 | ||
| Closed | $170,000 | ||
| Closed | $220,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $599,000 | 0.0% | $190 / Sq Ft |
| 08/06/2025 08/06/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $599,000 | -- | $190 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,319 | $290,064 | -- | -- |
| 2024 | $5,233 | $281,616 | -- | -- |
| 2023 | $5,233 | $273,414 | -- | -- |
| 2022 | $4,847 | $265,451 | $0 | $0 |
| 2021 | $4,760 | $257,720 | $0 | $0 |
| 2020 | $4,621 | $250,214 | $0 | $0 |
| 2019 | $4,482 | $242,927 | $0 | $0 |
| 2018 | $4,225 | $228,983 | $0 | $0 |
| 2017 | $4,062 | $228,983 | $0 | $0 |
| 2016 | $3,962 | $222,314 | $0 | $0 |
| 2015 | $3,820 | $215,839 | $0 | $0 |
| 2014 | $3,707 | $209,552 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shelly Begines
-
Sarah Gonzalez
Buyer's Agent in 2025
Sarah Gonzalez
Bell Real Estate
(541) 688-2060
3 in this area
36 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 163907285
APN: 0122729
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate 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 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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