157 40TH ST, Springfield, OR 97478
- $711,000
- 4,704
- SqFt
- Sold Price
- $711,000
- List Price
- $700,000
- Closing Date
- Dec 22, 2025
- Days on Market
- 48
- MLS#
- 239958980
- Property Type
- Multifamily
- Sqft. of Residence
- 4,704
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Lane Co: Springfield
- Status
- SOLD
Property Description
4-Plex in Highly Desirable Thurston NeighborhoodExcellent investment opportunity in one of Springfield’s most sought-after areas. Each townhouse-style unit offers two bedrooms and one full bath upstairs, plus a convenient half bath on the main level. The floor plan features spacious living areas, washer and dryer hookups in each private garage, and large yards — a rare find for multifamily living.These properties have a strong, long-term rental history with consistent tenant demand. The exterior was recently painted, and the current owners have cared for and maintained the property for over 20 years. This is a well-preserved and stable investment in a prime location close to schools, parks, shopping, and easy freeway access. New exterior photos and interior photos of vacant unit coming soon.!!!!
Additional Information
- Tax Amount
- $5,709
- Year Built
- 1973
- High School
- Thurston
- Elementary School
- Riverbend
- Middle School
- Briggs
- Garage Spaces
- 4
- Acres
- 0.31
- Living Area
- 4,704
- Stories
- 2
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Zoned
- Hoa Rent Includes
- Maintenance Grounds
- Hot Water Description
- Electricity
- Exterior Description
- Vinyl Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Garage, Garage Door Opener
- Parking Description
- Garage, Garage Door Opener
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1300
- Unit Type One Sq Ft
- 950
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1395
- Unit Type Three Sq Ft
- 950
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 2
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1495
- Unit Type Four Sq Ft
- 950
- Unit Type Four Units Total
- 1
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Listing courtesy of ICON Real Estate Group. Selling Office: Non Rmls Broker.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.