New 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.
Active
$599,000
231 S 40th St, Springfield, OR 97478
9beds
3,158sqft
Est.:
Multi Family
Built in 1973
-- sqft lot
$587,800 Zestimate®
$190/sqft
$-- HOA
What's special
Spacious lotPrivate parkingShared laundry
- 3 days
- on Zillow |
- 493 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 12:41pm
Listed by:
Shelly Iverson 541-579-3605,
Joi Real Estate,
Shelly Begines 541-521-2116,
Joi Real Estate
Source: RMLS (OR),MLS#: 163907285

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Ceiling
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Windows: Window Coverings
- Basement: None
Interior area
- Total structure area: 3,158
- Total interior livable area: 3,158 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Paved
Features
- Stories: 2
Lot
- Size: 10,018.8 Square Feet
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: 0122729
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Foundation: Slab
- Roof: Composition
Condition
- Existing
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Laundry
- Security: None
HOA
- Has HOA: No
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $533,082
- Annual tax amount: $5,232
- Date on market: 7/30/2025
- Listing terms: Cash,Conventional
- Total actual rent: 2380
- Road surface type: Paved
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