4-Unit
For Sale
$750,000
231 S 40TH ST, Springfield, OR 97478
Three residences offer two-bedroom layouts, and the fourth has three bedrooms.
Property SizeContact for details
Days on Market9
Property Features for 231 S 40TH ST
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Units
Unit Mix
3 x 2BR, 1 x 3BR
Multifamily Units
4
Parking per Unit
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,319
Building Details
Year Built
1973
Buildings
1
Listing Agency:
United Real Estate Properties
Listed By:
Jim Choi
(541) 554-4343
Source:
Worthlandrealestate
Added: Oct 2
Changed: Oct 8
Last Checked: Oct 10 at 2:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Properties
Investment Insights
Based on property information with market context.
Built in 1973, this four-unit multifamily property includes three two-bedroom residences and one three-bedroom residence. Each unit has two parking spaces.
The property is in Springfield, just off Main Street.
The property is in Springfield, just off Main Street.
Key Highlights
- Four‑unit multifamily property
- Three two‑bedroom residences and one three‑bedroom residence
- Two parking spaces per unit
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences offer two-bedroom layouts, and the fourth has three bedrooms.
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‑unit multifamily property; Three two‑bedroom residences and one three‑bedroom residence; Two parking spaces per unit
