4-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.!!!!
Sold
$711,000
157 40th St, Springfield, OR 97478
8beds
4,704sqft
Multi Family
Built in 1973
-- sqft lot
$-- Zestimate®
$151/sqft
$1,394 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,394/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 22, 2025 at 08:18am
Listed by:
Sandra Boyst ICON@TheICONREGroup.com,
ICON Real Estate Group
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 239958980
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- Partial bathrooms: 4
Heating
- Zoned
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 4,704
- Total interior livable area: 4,704 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Garage Door Opener
- Garage spaces: 4
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.31 Acres
- Features: SqFt 10000 to 14999
Details
- Parcel number: 1810637
- Zoning: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Existing
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 5490
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Sold | $711,000+1.6%$151/sqft |
Source:  RMLS (OR) #239958980 Report a problem | ||
| 11/21/2025 | Pending sale | $700,000$149/sqft |
Source: RMLS (OR) #239958980 Report a problem | ||
| 11/18/2025 | Listed for sale | $700,000$149/sqft |
Source: RMLS (OR) #239958980 Report a problem | ||
| 11/4/2025 | Pending sale | $700,000+100%$149/sqft |
Source: RMLS (OR) #239958980 Report a problem | ||
| 12/7/2007 | Sold | $350,000$74/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | -- | -- |
| 2017 | $4,403 -0.5% | $257,343 +1.1% |
| 2016 | $4,425 +0.2% | $254,544 +1.8% |
Find assessor info on the county website
Neighborhood: 97478
Nearby schools
GreatSchools rating
- 2/10Riverbend Elementary SchoolGrades: K-5Distance: 1.2 mi
- 5/10Briggs Middle SchoolGrades: 6-8Distance: 2.1 mi
- 5/10Thurston High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Riverbend
- Middle: Briggs
- High: Thurston
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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