351 40th St Springfield, OR 97478
East Springfield NeighborhoodEstimated payment $4,073/month
Highlights
- Mountain View
- Zoned Heating
- Level Lot
- Window Unit Cooling System
- High Speed Internet
- Wood Siding
About This Home
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. Both 349 40th 351 40th are available. Listed separately. Please do not disturb the tenants. Shown by appointment only! Only the vacant units are 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,523
Year Built
- Built in 1992 | Remodeled
Lot Details
- 9,147 Sq Ft Lot
- Level Lot
Home Design
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1-Story Property
- Mountain Views
- Crawl Space
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 10 Parking Spaces
- Paved Parking
- Off-Street Parking
Schools
- Riverbend Elementary School
- Briggs Middle School
- Thurston High School
Utilities
- Window Unit Cooling System
- Zoned Heating
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 1479128
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $4,524
- Gross Income $35,988
- Net Operating Income $31,464
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $4,523 | $243,434 | -- | -- |
| 2023 | $4,523 | $236,344 | $0 | $0 |
| 2022 | $4,189 | $229,461 | $0 | $0 |
| 2021 | $4,114 | $222,778 | $0 | $0 |
| 2020 | $3,994 | $216,290 | $0 | $0 |
| 2019 | $3,874 | $209,991 | $0 | $0 |
| 2018 | $3,652 | $197,937 | $0 | $0 |
| 2017 | $3,512 | $197,937 | $0 | $0 |
| 2016 | $3,438 | $192,172 | $0 | $0 |
| 2015 | $3,340 | $186,575 | $0 | $0 |
| 2014 | $3,289 | $181,141 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2025 09/18/25 | For Sale | $699,900 | +43.9% | -- |
| 08/02/2024 08/02/24 | Sold | $486,500 | -15.4% | $184 / Sq Ft |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | For Sale | $575,000 | -- | $218 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $486,500 | Evergreen Land Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $364,875 | New Conventional |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 144821392
APN: 1479128
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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 © 2025 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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