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231 S 40th St, Springfield, OR 97478

$750,000
  • —

    bed

  • —

    bath

Multi-family pending
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About 231 S 40th St

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Lot size 10,018 Sqft
Rental estimate
Property description
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
Listed by
Listing Agent - Jim Choi
Listing Agent Contact: Simon@urepro.com
Listing Office - United Real Estate Properties
Source: RMLS mls logo
MLS#181943347 • last updated 3 weeks ago
Movoto checked RMLS for data 3 minutes ago
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Overview
Cooling/AC None
Heating Ceiling
MLS # 181943347
Type Multi Family
Status Pending
Lot Size (SqFt) 10018
Lot Size (Acres) 0.23
Property Tax 5319.05
Year Built 1973
Exterior
Roof Composition
# Parking Spaces 8
Exterior Features T-111 Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Community Features Laundry
Area 249 - Lane Co: Springfield
Elementary School Douglas Gardens
Middle School Agnes Stewart
High School Springfield
Zoning R2
Directions Main To South 40th
APN 122729
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 3
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 1000
Unit Type 4: Rent 670
Unit Type 3: Rent 710
Total # of Units 4
Gross Rent Multiplier 22.89
Operating Expense Scheduled 14000
Net Operating Income 18538
Operating Expense 14222
Gross Scheduled Income 37220
Gross Income 32760
Cap Rate 2.47
Net Scheduled Income 23220
Lot/ Land Details
Road Surface Paved
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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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Dining
82/100
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