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351 40th St, Springfield, OR 97478

  • $674,900

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    bath

Multi-family for sale 31 days
Movoto is helping 12 homebuyers near you

About 351 40th St

Property type Multi-family
Neighborhood
Year built 1992
HOA fee $0/month
Lot size 9,147 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. 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!
Listed by
Listing Agent - Jesse Haffly
Listing Office - eXp Realty LLC
Source: RMLS mls logo
MLS#705904630 • last updated 1 month ago
Movoto checked RMLS for data 1 minute ago
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Overview
Cooling/AC Window Unit(s)
Heating WallHeater, Zoned
MLS # 705904630
Type Multi Family
Status Active
Lot Size (SqFt) 9147
Lot Size (Acres) 0.21
Property Tax 4597.89
Year Built 1992
Exterior
Roof Composition
# Parking Spaces 10
Exterior Features Wood Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Mountain(s)
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 1479128
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 4: Rent 1208
Unit Type 3: Rent 1067
Unit Type 2: Rent 1023
Total # of Units 4
Gross Rent Multiplier 17.05
Net Operating Income 35052
Operating Expense 4524
Gross Scheduled Income 67200
Gross Income 39576
Cap Rate 5.19
Net Scheduled Income 59076
Lot/ Land Details
Road Surface Concrete, Paved
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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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Dining
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  • Real Estate
  • OR
  • Lane County
  • Springfield
  • 97478
  • Mid-Springfield
  • 351 40th St

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