New to Market. Excellent Investment opportunity!! A well maintained quad in Springfield right off of Main St. 3 uites with 2 bedrooms, and 1 unit with 3. Parking spaces, each unit has 2. Perfect for those seasonal investors looking to purchase and grow their portfolio. Motivated Seller
Active
$750,000
231 S 40th St, Springfield, OR 97478
9beds
3,032sqft
Multi Family
Built in 1973
-- sqft lot
$-- Zestimate®
$247/sqft
$-- HOA
What's special
- 5 days
- 195
- 20
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jim Choi simon@urepro.com,
United Real Estate Properties
Source: RMLS (OR),MLS#: 181943347
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: 3,032
- Total interior livable area: 3,032 sqft
Property
Parking
- Total spaces: 8
- Parking features: Paved
Features
- Stories: 2
Lot
- Size: 10,018 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
- 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: $247/sqft
- Tax assessed value: $503,705
- Annual tax amount: $5,319
- Date on market: 10/2/2026
- Listing terms: Cash,Conventional
- Total actual rent: 2380
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $750,000+25.2%$247/sqft |
Source:  RMLS (OR) #181943347 Report a problem | ||
| 12/12/2025 | Listing removed | $1,250 |
Source: Zillow Rentals Report a problem | ||
| 11/4/2025 | Price change | $1,250-7.4% |
Source: Zillow Rentals Report a problem | ||
| 10/16/2025 | Price change | $1,350-3.2% |
Source: Zillow Rentals Report a problem | ||
| 10/1/2025 | Price change | $1,395-3.8% |
Source: Zillow Rentals Report a problem | ||
| 9/30/2025 | Price change | $1,450-3% |
Source: Zillow Rentals Report a problem | ||
| 9/23/2025 | Listed for rent | $1,495 |
Source: Zillow Rentals Report a problem | ||
| 9/12/2025 | Sold | $599,000$198/sqft |
Source: RMLS (OR) #163907285 Report a problem | ||
| 8/6/2025 | Pending sale | $599,000$198/sqft |
Source: RMLS (OR) #163907285 Report a problem | ||
| 7/30/2025 | Listed for sale | $599,000+199.5%$198/sqft |
Source: RMLS (OR) #163907285 Report a problem | ||
| 5/12/2003 | Sold | $200,000$66/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,319 +1.6% | $290,064 +3% |
| 2024 | $5,233 +4.4% | $281,616 +3% |
| 2023 | $5,010 +3.4% | $273,414 +3% |
| 2022 | $4,847 +1.8% | $265,451 +3% |
| 2021 | $4,760 +3% | $257,720 +3% |
| 2020 | $4,621 +3.1% | $250,214 +3% |
| 2019 | $4,482 +6.1% | $242,927 +3% |
| 2018 | $4,225 | $235,852 +3% |
| 2017 | $4,225 +4% | $228,983 +3% |
| 2016 | $4,062 +2.5% | $222,314 +3% |
| 2015 | $3,962 +3.7% | $215,839 +3% |
| 2014 | $3,820 +6.5% | $209,552 +3% |
| 2013 | $3,586 +5.8% | $203,449 +0.6% |
| 2012 | $3,391 | $202,246 +3% |
| 2011 | -- | $196,355 +3% |
| 2010 | -- | $190,636 +2.4% |
| 2009 | -- | $186,217 +3% |
| 2008 | -- | $180,793 +3% |
| 2007 | -- | $175,527 +3% |
| 2006 | -- | $170,415 +3% |
| 2005 | -- | $165,451 +3% |
| 2004 | -- | $160,632 +3% |
| 2003 | -- | $155,953 +3% |
| 2002 | -- | $151,411 +3% |
| 2001 | -- | $147,001 +3% |
| 2000 | -- | $142,719 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97478
Nearby schools
Schools provided by the listing agent
- Elementary: Douglas Gardens
- Middle: Agnes Stewart
- High: Springfield
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $674,9008 bd4 ba2.6k sqft351 40th St, Springfield, OR 97478Active
MLS ID #705904630, Jesse Haffly, eXp Realty LLC. RMLS (OR) - $675,0008 bd4 ba3.3k sqft5495 A St APT 69-72, Springfield, OR 97478Active
MLS ID #735624100, Noelle Meinzer, ICON Real Estate Group. RMLS (OR) - $579,0006 bd6 ba2.9k sqft4135 Forsythia St, Springfield, OR 97478Active
MLS ID #408554476, Kara Schmidt, Elevate Real Estate Group. RMLS (OR) - $720,0006 bd6 ba3.1k sqft1171/1173 S 43rd Pl, Springfield, OR 97478Active
MLS ID #203340873, Lucas Walker, Triple Oaks Realty LLC. RMLS (OR) - $757,0006 bd4 ba2.9k sqft2180 W 24th Ave, Eugene, OR 97405ActiveMLS ID #337790578, Renee Swartz, RE/MAX Integrity. RMLS (OR)
- $849,0008 bd4 ba3.3k sqft3585 Emerald St, Eugene, OR 97405ActiveMLS ID #795687224, Amy Dean, Amy Dean Real Estate, Inc.. RMLS (OR)
- $775,0006 bd3 ba2.8k sqft515 Fulvue Dr, Eugene, OR 97405ActiveMLS ID #500810287, Lauren Berg, HomeSmart Realty Group. RMLS (OR)
- $735,0007 bd5 ba3.7k sqft325 River Rd, Eugene, OR 97404ActiveMLS ID #475174291, Koalani Roberts, Windermere RE Lane County. RMLS (OR)
- $674,0006 bd3 ba2.7k sqft2615 3rd St, Springfield, OR 97477ActiveMLS ID #398271185, Teri Dibos, Keller Williams Realty Eugene and Springfield. RMLS (OR)
- $825,0006 bd3 ba2.8k sqft344 E 14th Ave, Eugene, OR 97401ActiveMLS ID #200074803, James St Clair, St Clair Properties. RMLS (OR)
- $639,0006 bd3 ba2.8k sqft827 Nantucket Ave, Eugene, OR 97404ActiveMLS ID #437512298, Amanda Parker, Parker Heights Realty. RMLS (OR)
- $799,0007 bd6 ba3.1k sqft527 Monroe St, Eugene, OR 97402ActiveMLS ID #306601542, Kit Sixel, Sixel Real Estate. RMLS (OR)
- $749,0006 bd4 ba3.5k sqft3362 Bentley Ave, Eugene, OR 97405ActiveMLS ID #432889833, Amy Jackson, Premiere Property Group LLC. RMLS (OR)
- $572,5008 bd4 ba2.3k sqft2044 W 17th Ave, Eugene, OR 97402ActiveMLS ID #532090727, Darren Stone, Jennings Group Inc. RMLS (OR)
- $800,0007 bd5 ba2.4k sqft1920 Chambers St, Eugene, OR 97405ActiveMLS ID #263892576, Joey Dion, Altura Real Estate. RMLS (OR)
- $899,0007 bd3 ba3k sqft239 E 14th Ave, Eugene, OR 97401ActiveMLS ID #246637076, Mitchell Morgan, Works Real Estate. RMLS (OR)
- $675,0007 bd4 ba3.3k sqft1150 W 11th Ave, Eugene, OR 97402ActiveMLS ID #123277055, Alex Rosenbaum, eXp Realty LLC. RMLS (OR)
- $999,0006 bd4 ba4k sqft31 Marlboro Ln, Eugene, OR 97405ActiveMLS ID #568182069, Blake Mitchell, United Real Estate Properties. RMLS (OR)
- $699,0006 bd14 ba2.6k sqft88558 Jameson Way, Veneta, OR 97487ActiveMLS ID #105116347, Ken Martinson, Windermere RE Lane County. RMLS (OR)
