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Sold on 11/12/2024
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227229 S 40th Pl, Springfield, OR 97478

  • $399,000

    Last sold 11/12/2024 after 41 Days

  • —

    bed

  • —

    bath

  • 2,162

    Sqft ($185/Sqft)

Multi-family not for sale
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About 227229 S 40th Pl

Property type Multi-family
Neighborhood
Year built 1976
HOA fee $0/month
Lot size 8,276 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Great investment duplex property! Long term tenants and good rental history, below current market rents. Showings only after an accepted offer, please do not disturb the tenants.
Listed by
Listing Agent - Kurt Katsura
Listing Agent Contact: 541-465-8111
Listing Office - Windermere RE Lane County
Source: RMLS mls logo
MLS#24611764 • last updated 1 year ago
Movoto checked RMLS for data 8 minutes ago
Overview
Cooling/AC None
Heating Forced Air
MLS # 24611764
Type Multi Family
Status Sold
Lot Size (SqFt) 8276
Lot Size (Acres) 0.19
Property Tax 3860.5
Year Built 1976
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 2
Exterior Features T111Siding, WoodSiding
Lot Desc Level
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 MD
Directions Main Street To S. 40th Street To Oregon Street Left To S. 40th Place
APN 1144995
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 1: Rent 2230
Total # of Units 2
Gross Rent Multiplier 14.91
Operating Expense Scheduled 4575
Net Operating Income 26760
Operating Expense 4575
Gross Scheduled Income 26760
Gross Income 26760
Cap Rate 6.71
Net Scheduled Income 26760
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jan 2025
    mls logo MLS # 24611764
  • Jan 5, 2025 Sold
    $399,000
  • Nov 13, 2024 Pending
    —
  • Oct 9, 2024 Listed
    —
  • Oct 3, 2024 Pending
    —
  • Oct 2, 2024 Listed
    $399,000
  • 227229 S 40th Pl
    $399K
  • Mid-Springfield
    $370K +2% y/y
  • 97478
    $494K +5% y/y
  • Springfield
    $475K +5% y/y
No chart available
Statistics calculated by Movoto

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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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