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Updated 4-Unit Quadplex
For Sale
$674,900
Pending

351 40th St, Springfield, OR 97478

Four residences provide two bedrooms, one bathroom, and parking for each unit.

Property SizeContact for details
Days on Market61

Property Features for 351 40th St

General Information

Standard status Pending
Property subtype Residential Income

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $4,597
Listing Agency: eXp Realty LLC
Listed By: Jesse Haffly · License #201221936
Source: Exprealty
Added: Jun 22 Changed: Aug 20 Last Checked: Aug 20 at 11:51AM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

Located at 351 40th St in Springfield, this four-unit residential income property offers a consistent two-bedroom, one-bathroom layout in every residence. The property includes parking for each unit, supporting practical day-to-day occupancy.

Recent improvements include a new roof, new gutters, and interior updates across the property. One unit is vacant and available for an initial tour by appointment, while access to the occupied units is arranged after an accepted offer. Rental records are available upon request.

Key Highlights

  • Four‑unit quadplex with two bedrooms and one bathroom in each unit
  • New roof installed
  • New gutters installed

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Pharmacy Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

365
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residences provide two bedrooms, one bathroom, and parking for each unit.
Where is this quadplex located?
The property is located at 351 40th St Springfield, OR.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Four‑unit quadplex with two bedrooms and one bathroom in each unit; New roof installed; New gutters installed
More about this property
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