Active

$674,900

351 40th St, Springfield, OR 97478

8beds

2,640sqft

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Multi Family

Built in 1992

-- sqft lot

$674,600 Zestimate^®

$256/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. Please do not disturb the tenants. Shown by appointment only! Only the vacant unit is 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!

6 days

246

8

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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 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

Community

Security: None

Location

Region: Springfield

Financial & listing details

Price per square foot: $256/sqft
Tax assessed value: $485,330
Annual tax amount: $4,597
Date on market: 6/22/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 3298
Road surface type: Concrete, Paved

Estimated market value

$674,600

$641,000 - $708,000

$1,377/mo

Price history

Date	Event	Price
6/22/2026	Listed for sale	$674,900-3.6%$256/sqft
Source: RMLS (OR) #705904630 Report a problem
3/19/2026	Listing removed	$699,900$265/sqft
Source: eXp Realty #144821392 Report a problem
12/16/2025	Listed for sale	$699,900+43.9%$265/sqft
Source: eXp Realty #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
4/19/2024	Listed for sale	$575,000-7.3%$218/sqft
Source: RMLS (OR) #24433847 Report a problem
11/1/2016	Listing removed	$620,000$235/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
9/12/2016	Pending sale	$620,000$235/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
9/2/2016	Price change	$620,000-3.1%$235/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
7/6/2016	Listed for sale	$640,000$242/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
6/27/2016	Pending sale	$640,000$242/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
6/27/2016	Listed for sale	$640,000$242/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
6/1/2016	Pending sale	$640,000$242/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem
5/5/2016	Listed for sale	$640,000$242/sqft
Source: Brad Anderson Real Estate #16307964 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,598 +1.6%	$250,737 +3%
2024	$4,523 +4.4%	$243,434 +3%
2023	$4,331 +3.4%	$236,344 +3%
2022	$4,189 +1.8%	$229,461 +3%
2021	$4,114 +3%	$222,778 +3%
2020	$3,994 +3.1%	$216,290 +3%
2019	$3,874 +6.1%	$209,991 +3%
2018	$3,652	$203,875 +3%
2017	$3,652 +4%	$197,937 +3%
2016	$3,512 +2.1%	$192,172 +3%
2015	$3,438 +2.9%	$186,575 +3%
2014	$3,340 +3.6%	$181,141 +3%
2013	$3,225 +10.2%	$175,865 +3%
2012	$2,927	$170,743 +3%
2011	--	$165,770 +3%
2010	--	$160,942 +3%
2009	--	$156,254 +3%
2008	--	$151,703 +3%
2007	--	$147,284 +3%
2006	--	$142,994 +3%
2005	--	$138,829 +3%
2004	--	$134,785 +3%
2003	--	$130,859 +3%
2002	--	$127,048 +3%
2001	--	$123,348 +3%
2000	--	$119,755

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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