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Sold on 04/06/2017
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219 S 40th St, Springfield, OR 97478

$240,000

Last sold 04/06/2017 after 44 Days

  • —

    bed

  • —

    bath

  • 2,085

    Sqft ($115/Sqft)

Multi-family not for sale
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About 219 S 40th St

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Rental estimate
Property description
Great investment opportunity with long term tenants that want to stay. Property has vinyl windows and vinyl siding. Each unit with laundry room, all kitchen appliances including dishwashers, single car garage and fenced back yards. Could use some new floor coverings but other than that is in great shape. Each unit is 3 bedrooms, 1 1/2 baths with 1042 sq ft. VERY under rented
Listed by
Listing Agent - Deb Bean
Listing Agent Contact: 541-345-8100
Listing Office - RE/MAX Integrity
Source: RMLS mls logo
MLS#17677067 • last updated 2 years ago
Movoto checked RMLS for data 4 minutes ago
Overview
Heating Ceiling
MLS # 17677067
Type Multi Family
Status Sold
Property Tax 3212.77
Year Built 1977
Exterior
Exterior Features T-111 Siding
Lot Desc Level, On Busline
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 239 - Lane Co: Thurston
Elementary School Douglas Gardens
Middle School Agnes Stewart
High School Springfield
Zoning MDR
Directions Main To South On 40th House Is On The Left
APN 122711
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 3
Unit Type 2: Total Baths 2
Unit Type 1: Rent 695
Unit Type 2: Rent 795
Total # of Units 2
Gross Rent Multiplier 13.34
Net Operating Income 17880
Gross Income 17880
Cap Rate 7.5
We are not permitted to show value estimates for this property.
  • Apr 2022
    Public Records
  • Apr 25, 2022 Sold
    $505,000
  • Apr 2022
    mls logo MLS # 22480564
  • Apr 25, 2022 Sold
    $505,000 (+12.2%)
  • Apr 3, 2022 Pending
    —
  • Mar 31, 2022 Listed
    $450,000 (+87.5%)
  • Jun 2017
    Public Records
  • Jun 21, 2017 Sold
    $240,000
  • Jun 2017
    mls logo MLS # 17677067
  • Jun 21, 2017 Sold
    $240,000 (+0.6%)
  • Apr 6, 2017 Pending
    —
  • Mar 15, 2017 Price Change
    $238,500 (-2.5%)
  • Feb 21, 2017 Listed
    $244,500 (+92.5%)
  • Jan 2001
    Public Records
  • Jan 9, 2001 Sold
    $127,000
  • Year Property taxes Tax assessment
  • 2024
    $4,227 +4.4%
    $227,506 +3.0%
  • 2023
    $4,048 +3.4%
    $220,880 +3.0%
  • 2022
    $3,915 +1.8%
    $214,447 +3.0%
  • 2021
    $3,845 +3.0%
    $208,201 +3.0%
  • 2020
    $3,733 +3.1%
    $202,137 +3.0%
  • 2019
    $3,621 +6.1%
    $196,250 +6.09%
  • 2018
    $3,413 +4.0%
    $184,984
  • 2017
    $3,282 +2.1%
    $184,984 +3.0%
  • 2016
    $3,213 +2.9%
    $179,596
  • 2015
    $3,121
    —
  • 219 S 40th St
    $240K
  • Mid-Springfield
    $358K -7% y/y
  • 97478
    $470K -4% y/y
  • Springfield
    $449K -2% y/y
No chart available
Statistics calculated by Movoto

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8/10
Douglas Gardens Elementary School
public Grades K-5
Springfield School District 19
5/10
Agnes Stewart Middle School
public Grades 6-8
Springfield School District 19
3/10
Springfield High School
public Grades 9-12
Springfield School District 19
Source: GreatSchools.org © 2026. All rights reserved.

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