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$599,000

  • Sold
  • Sold
  • Multi-Family
See This Home
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See This Home
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New To Market!-Prime Investment Opportunity! This well-maintained quadplex in Springfield is just off Main Street and sits on a spacious lot with private parking-2 spots per unit. Property features include: Three 2 bed/1 bath units & One 3 bed/1 bath unit, shared laundry on the first floor and a history of low to no vacancy. Perfect for seasoned investors or those looking to grow their portfolio with a solid, income-generating property.

Full Property Details for 231 S 40th St

General

  • Sold For: $599,000
  • Taxes: $5,232 (2024)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 163907285
  • Added to Site: 170 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Additional Information

  • Security/Safety: None

Parking

  • Total Spaces: 8
  • Parking Features: Assigned, Paved

Location

  • County: Lane
  • Driving Directions: main to south 40th

School Information

  • Midd School District: Agnes Stewart
  • Elementary School: Douglas Gardens
  • Middle School: Agnes Stewart
  • High School: Springfield

Community

  • Community Name: 249 - Lane Co: Springfield

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Ceiling
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Basement Desc.: None
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 3,158
  • Year Built: 1973
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,018
  • Lot Size: 10, 000 to 14, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Operating Expenses: $14,222
  • Tax Amount: $5,232.93
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 122729

Listed by Joi Real Estate (541) 579-3604, Shelly Iverson (541) 579-3605 and Joi Real Estate (541) 579-3604, Shelly Begines (541) 521-2116
Sold by Bell Real Estate (541) 688-2060, Sarah Gonzalez

Listing agents

— 231 S 40th St —

  • Shelly Iverson

    Joi Real Estate

    541-579-3604

  • Shelly Begines

    Joi Real Estate

    541-579-3604

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 231 S 40th St

School District:Springfield School District 19
NameGradesDistance
Douglas Gardens Elementary School
3680 Jasper Road, Springfield, OR 97478
K-50.7 mi
Agnes Stewart Middle School
900 South 32nd Street, Springfield, OR 97478
6-80.8 mi
Springfield High School
875 7th Street, Springfield, OR 97477
9-122.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 231 S 40th St

Date
Details
Price
Change
Source
9/12/2025
Sold
$599,000
—
MLS
7/30/2025
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Joi Real Estate (541) 579-3604, Shelly Iverson (541) 579-3605 and Joi Real Estate (541) 579-3604, Shelly Begines (541) 521-2116
Sold by Bell Real Estate (541) 688-2060, Sarah Gonzalez

Just Listed near 231 S 40th St

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3858 Mirror Pond Way, Eugene, OR 97408 - Photo 1 Just Listed
$1,200,000

3858 Mirror Pond Way  Eugene, OR 97408

  • Single Family
  • Active
  • Updated 10 hours ago
  • 4
    Beds
  • 2
    Total Baths
  • 2,914
    Sq. Ft.
Listed by Windermere RE Lane County, Katie Wilson
191 Lynnbrook Dr, Eugene, OR 97404 - Photo 1 Just Listed
$365,000

191 Lynnbrook Dr  Eugene, OR 97404

  • Single Family
  • Active
  • Updated 2 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 960
    Sq. Ft.
Listed by Heart and Home Real Estate, Eric Smith and Heart and Home Real Estate, John Romito
4240 Flagstaff St, Eugene, OR 97402 - Photo 1 Just Listed
$415,000
Open House

4240 Flagstaff St  Eugene, OR 97402

  • Single Family
  • Active
  • Updated 21 hours ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,406
    Sq. Ft.
Listed by Hybrid Real Estate, George Zakhary and Hybrid Real Estate, Shirley Andress
422 Stonewood Dr, Eugene, OR 97405 - Photo 1 Just Listed
$279,999

422 Stonewood Dr  Eugene, OR 97405

  • Condo
  • Active
  • Updated 12 hours ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,064
    Sq. Ft.
Listed by RE/MAX Integrity, Laura Hansen

Price Reduced near 231 S 40th St

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Mountain Ash, Eugene, OR 97405 - Photo 1 Price Reduced
-$5,000 (-7.69%)
$60,000

Mountain Ash  Eugene, OR 97405

  • Land Residential
  • Active
  • Updated 4 days ago
  • 0.33
    Acres
Listed by Pro Realty, Miltina Scaife
2540 Fieldcress Rd, Eugene, OR 97403 - Photo 1 Price Reduced
-$14,950 (-2.49%)
$585,000

2540 Fieldcress Rd  Eugene, OR 97403

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,835
    Sq. Ft.
Listed by TLC Realty, Jeremy Parmenter and TLC Realty, Linnea Kittrell
2795 Kalmia St, Eugene, OR 97404 - Photo 1 Price Reduced
-$5,500 (-1.11%)
$489,000

2795 Kalmia St  Eugene, OR 97404

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,461
    Sq. Ft.
Listed by Triple Oaks Realty LLC, Christopher Solares and Triple Oaks Realty LLC, Jon Burke
1579 Garfield Pl, Eugene, OR 97402 - Photo 1 Price Reduced
-$4,000 (-2.12%)
$185,000

1579 Garfield Pl  Eugene, OR 97402

  • Condo
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 581
    Sq. Ft.
Listed By: ERIC. FOWLER | Town & Country Realty

Recent Sales near 231 S 40th St

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349 40th St, Springfield, OR 97478 - Photo 1 Sold
$665,000

349 40th St  Springfield, OR 97478

  • Multi-Family
  • Sold
Listed by eXp Realty LLC, Jesse Haffly and eXp Realty LLC, Izabell Senters
Sold by Oregon Life Homes, Shane Mast
4118/4120 S E St, Springfield, OR 97478 - Photo 1 Sold
$520,000

4118/4120 S E St  Springfield, OR 97478

  • Multi-Family
  • Sold
Listed by Colter Home Co., Katie Colter
Sold by Triple Oaks Realty LLC, Julie Pollock
1228 S 40th Pl, Springfield, OR 97478 - Photo 1 Sold
$639,000

1228 S 40th Pl  Springfield, OR 97478

  • Single Family
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 1,887
    Sq. Ft.
Listed by Willhite Real Estate, Deborah Willhite and Willhite Real Estate, Austin Willhite
Sold by Whitetail Properties Real Estate LLC, Ryan Kelly
1297 S 41st St, Springfield, OR 97478 - Photo 1 Sold
$679,000

1297 S 41st St  Springfield, OR 97478

  • Single Family
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 2,227
    Sq. Ft.
Listed by Sixel Real Estate, Kit Sixel
Sold by Non Rmls Broker, OR and WA Non Rmls

231 S 40th St, Springfield, OR 97478 (MLS# 163907285) is a Multi-Family property that was sold at $599,000 on September 12, 2025. Want to learn more about 231 S 40th St? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.