4-Unit
New
For Sale
$750,000
231 S 40TH St, Springfield, OR 97478
MultiFamily, Springfield, OR
Property SizeContact for details
Lot Size0.23 Acres
Days on Market2
Property Features for 231 S 40TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bathroom 4, Bedroom 9
Elementary school
Douglas Gardens
Middle school
Agnes Stewart
High school
Springfield
Directions
Main to South 40th
Subdivision
_249
Standard status
Active
APN
0122729
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
17-02-31-41-06200
Tax Annual Amount
5319
Legal Description
17-02-31-41-06200
Utilities
Heating system
Ceiling
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
United Real Estate Properties
(541) 525-9060
Listed By:
Jim Choi
(541) 554-4343
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 181943347
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1973 on a 0.23-acre lot. Its unit mix consists of three two-bedroom units and one three-bedroom unit, with two parking spaces assigned to each unit. Heating is provided by ceiling units, and the roof is composition material.
The property is zoned R2 and is located in Springfield, Oregon, near Main Street.
The property is zoned R2 and is located in Springfield, Oregon, near Main Street.
Key Highlights
- Four units: three with 2 bedrooms and one with 3 bedrooms
- Each unit has 2 parking spaces
- 0.23‑acre lot
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 97478, OR
39,155
Population
15,182
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
92%
High-School Grad
168.4 sq mi
ZIP Area
233
Density / Sq Mi
$79,051
Median Household Income
$38,508
Median Earnings
$1,314
Median Rent
$361,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The property includes a three-bedroom unit alongside three two-bedroom units.
Where is this quadplex located?
The property is located at 231 S 40TH St Springfield, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four units: three with 2 bedrooms and one with 3 bedrooms; Each unit has 2 parking spaces; 0.23‑acre lot
