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Active
  • $599,000

    231 S 40th St, Springfield, OR 97478

    9beds
    3,158sqft
    : 
    Multi Family
    Built in 1973
    -- sqft lot
    $587,800 Zestimate®
    $190/sqft
    $-- HOA

    What's special

    Spacious lotPrivate parkingShared laundry
    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.
    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#: 163907285MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 231 S 40th St.

    Next available tour time:Today at 11:30am

    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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