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$750,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
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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.

Full Property Details for 231 S 40th St

General

  • Price: $750,000
  • Taxes: $5,319 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 181943347
  • Updated: 10/2/2026
  • Added to Site: 5 day(s) ago

Rental Information

  • Rent Includes: Sewer, Trash Collection, Water

Additional Information

  • Security/Safety: None

Parking

  • Total Spaces: 8
  • Parking Features: Paved

Location

  • County: Lane
  • Driving Directions: Main to South 40th

School Information

  • 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
  • Year Built: 1973

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: $5,319.05
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: 17-02-31-41-06200
  • Disclosures/Reports: Exempt
  • Property ID: 122729

Listed by United Real Estate Properties (541) 525-9060, Jim Choi (541) 554-4343

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Listing agent

— 231 S 40th St —

  • Jim Choi

    United Real Estate Properties

    541-525-9060

simon@urepro.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 231 S 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/02/2026
Listed
$750,000
275%
MLS
5/12/2003
Sold
$200,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 231 S 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,319
2%
$290,064
3%
2024
$5,233
4%
$281,616
3%
2023
$5,010
5%
$273,414
6%
2021
$4,760
-2%
$257,720
-3%
2022
$4,847
2%
$265,451
6%
2021
$4,760
6%
$250,214
3%
2019
$4,482
6%
$242,927
3%
2018
$4,225
4%
$235,852
3%
2017
$4,062
3%
$228,983
3%
2016
$3,962
4%
$222,314
3%
2015
$3,820
3%
$215,839
3%
2014
$3,707
3%
$209,552
3%
2013
$3,586
—
$203,449
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by United Real Estate Properties (541) 525-9060, Jim Choi (541) 554-4343

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231 S 40th St, Springfield, OR 97478 (MLS# 181943347) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 231 S 40th St is currently listed for $750,000 and was received on October 02, 2026. Want to learn more about 231 S 40th St? Do you have questions about finding other Multi-Family real estate for sale in Mid-Springfield? You can browse all Mid-Springfield real estate or contact a Coldwell Banker agent to request more information.

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