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Sold on 09/26/2025
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349 40th St, Springfield, OR 97478

  • $665,000

    Last sold 09/26/2025 after 8 Days

  • —

    bed

  • —

    bath

  • 2,640

    Sqft ($252/Sqft)

Multi-family not for sale
Movoto is helping 12 homebuyers near you

About 349 40th St

Property type Multi-family
Neighborhood
Year built 1992
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Rental estimate
Property description
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!
Listed by
Listing Agent - Jesse Haffly
Listing Office - eXp Realty LLC
Source: RMLS mls logo
MLS#775360815 • last updated 8 months ago
Movoto checked RMLS for data 7 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating WallHeater, Zoned
MLS # 775360815
Type Multi Family
Status Sold
Lot Size (SqFt) 8712
Lot Size (Acres) 0.2
Property Tax 4502.67
Year Built 1992
Exterior
Roof Composition
# Parking Spaces 10
Exterior Features Wood Siding
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 249 - Lane Co: Springfield
Elementary School Riverbend
Middle School Briggs
High School Thurston
Zoning R2
Directions East On Main St. Left On 40th Property Is On The Right
APN 1479136
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 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 1300
Unit Type 3: Rent 1300
Unit Type 2: Rent 1319
Total # of Units 4
Gross Rent Multiplier 14.88
Net Operating Income 42525
Operating Expense 4503
Gross Scheduled Income 62628
Gross Income 47028
Cap Rate 6.08
Net Scheduled Income 58125
Lot/ Land Details
Road Surface Paved
$654K
Range: $614K-$693K
Last 30 days 
Rental est.: $1,665/month
Gross rent multiplier: 33.3
  • Nov 2025
    mls logo MLS # 775360815
  • Nov 15, 2025 Sold
    $665,000
  • Sep 26, 2025 Pending
    —
  • Sep 18, 2025 Listed
    $699,900 (+43.9%)
  • Nov 2025
    Public Records
  • Nov 14, 2025 Sold
    $665,000 (-5.0%)
  • Aug 2024
    mls logo MLS # 24175661
  • Aug 2, 2024 Sold
    $486,500
  • May 11, 2024 Pending
    —
  • Apr 19, 2024 Listed
    $575,000 (-0.9%)
  • Aug 2024
    Public Records
  • Aug 2, 2024 Sold
    $486,500 (-15.4%)
  • Dec 2018
    mls logo MLS # 18248595
  • Dec 11, 2018 Listed
    $580,000 (+87.1%)
  • Sep 2016
    mls logo MLS # 16112120
  • Sep 12, 2016 Pending
    —
  • Mar 7, 2016 Listed
    $310,000
  • 349 40th St
    $665K
  • Mid-Springfield
    $360K 0% y/y
  • 97478
    $496K +5% y/y
  • Springfield
    $475K +5% y/y
No chart available
Statistics calculated by Movoto

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2/10
Riverbend Elementary School
public Grades K-5
Springfield School District 19
5/10
Briggs Middle School
public Grades 6-8
Springfield School District 19
4/10
Thurston High School
public Grades 9-12
Springfield School District 19
Source: GreatSchools.org © 2026. All rights reserved.

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