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Sold on 12/07/2023
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435 S 40th St, Springfield, OR 97478

  • $360,000

    Last sold 12/07/2023 after 48 Days

  • —

    bed

  • —

    bath

  • 1,621

    Sqft ($222/Sqft)

Multi-family not for sale
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About 435 S 40th St

Property type Multi-family
Neighborhood
Year built 1967
HOA fee $0/month
Rental estimate
Property description
This duplex is fully fenced and sits on a corner lot. It was recently updated on one side and a new roof was put on in 2022. Each side is 2 bed and 1 bath and has a single car garage. Tenants would love to stay.
Listed by
Listing Agent - Alison Myers
Listing Office - Lux Realty Group
Source: RMLS mls logo
MLS#23571337 • last updated 2 years ago
Movoto checked RMLS for data 5 minutes ago
Overview
Heating Other
MLS # 23571337
Type Multi Family
Status Sold
Property Tax 2936.8
Year Built 1967
Exterior
Roof Other
Exterior Features T-111 Siding
Lot Desc Corner Lot, Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 249 - Lane Co: Springfield
Elementary School Douglas Gardens
Middle School Agnes Stewart
High School Springfield
Zoning LD
Directions Main St - South On 40th - Duplex On Left
APN 125375
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 1: Rent 1100
Total # of Units 2
Gross Rent Multiplier 14.39
Net Operating Income 23400
Operating Expense 3000
Gross Income 26400
Cap Rate 6.16
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jan 2024
    mls logo MLS # 23571337
  • Jan 7, 2024 Sold
    $360,000 (-5.3%)
  • Dec 7, 2023 Pending
    —
  • Nov 29, 2023 Price Change
    $380,000 (-5.0%)
  • Oct 20, 2023 Listed
    $399,900
  • 435 S 40th St
    $360K
  • Mid-Springfield
    $332K -12% y/y
  • 97478
    $469K -3% y/y
  • Springfield
    $454K 0% 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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