Active

$699,900

351 40th St, Springfield, OR 97478

8beds

2,640sqft

Est.:

Multi Family

Built in 1992

-- sqft lot

$691,200 Zestimate^®

$265/sqft

$-- HOA

What's special

Updated interior featuresBrand new roofNew gutters

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!

85 days

112

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Zoned

Cooling

Window Unit(s)

Appliances

Included: Range, Refrigerator, Washer/Dryer, Electric Water Heater

Features

Basement: Crawl Space

Interior area

Total structure area: 2,640
Total interior livable area: 2,640 sqft

Property

Parking

Total spaces: 10
Parking features: Off Street, Paved

Features

Stories: 1
Has view: Yes
View description: Mountain(s)

Lot

Size: 9,147.6 Square Feet
Features: Level, SqFt 7000 to 9999

Details

Parcel number: 1479128
Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Foundation: Slab
Roof: Composition

Condition

Updated/Remodeled
Year built: 1992

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected

Community & HOA

Location

Region: Springfield

Financial & listing details

Price per square foot: $265/sqft
Tax assessed value: $484,615
Annual tax amount: $4,523
Date on market: 9/18/2025
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 4299
Road surface type: Concrete, Paved

Estimated market value

$691,200

$657,000 - $726,000

$1,988/mo

Price history

Date	Event	Price
12/11/2025	Listed for sale	$699,900$265/sqft
Source: RMLS (OR) #144821392 Report a problem
11/12/2025	Pending sale	$699,900$265/sqft
Source: RMLS (OR) #144821392 Report a problem
9/18/2025	Listed for sale	$699,900+43.9%$265/sqft
Source: RMLS (OR) #144821392 Report a problem
8/2/2024	Sold	$486,500-15.4%$184/sqft
Source: RMLS (OR) #24433847 Report a problem
5/11/2024	Pending sale	$575,000$218/sqft
Source: RMLS (OR) #24433847 Report a problem