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157 40TH ST Springfield, OR $ 700,000
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$ 700,000 Get more info
157 40TH ST
$ 700,000
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157 40TH ST

Springfield, OR, 97478
$ 700,000
Bedrooms8 Baths8.0 Sq 4,704

Monthly Estimate*

$ 4,367

157 40TH ST, Springfield, OR 97478 - Image 1

Multi-Family Home for sale in Springfield, OR

for $700,000 with 8 bedrooms and 8 full baths. This 4,704 square foot home was built in 1973 on a lot size of 0.31.

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.!!!!

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Multi-Family Pending

Price

$ 700,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 5,709

Style

Lot Size

0.31

Year Built

1973

Town/City

Springfield

County/Region

Lane

MLS | Web ID

239958980
Features
General
Sewer PublicSewer
Heating Zoned
Cooling None
Roof Composition
Zoning R-2
Garage Spaces 4.0
Year Built 1973
Stories Count 2
Tax Year 2024
Parcel Number 1810637
Gross Income 65880.0
County Lane
Net Operating Income 46053.0
Operating Expense 19827.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds
Status Pending
Directions MAIN ST LEFT 40TH
High School Thurston
City Springfield
Number Of Units Total 4
MLS Area _249
Lot Size Square Feet 13503.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Riverbend
Tax Annual Amount 5709.78
Middle/Junior High School Briggs
Property Condition Existing
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description 17-02-31-41-00404
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Interior
Basement CrawlSpace
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit 4 Baths Total 2
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Garage GarageDoorOpener
Water Source PublicWater
Total Parking 4.0
Exterior Description VinylSiding
Foundation Details ConcretePerimeter
Building Area Total 4704.0
Lot Size Acres 0.31
Road Surface Type Paved
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Internal Only
Street Number 1 157
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* Excluded Features
List By
Icon Real Estate Group

Broker

ICON@TheICONREGroup.com

Contact

Affordability Calculator

$4,843
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,367
Monthly Property Taxes
$476
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1948972 Elementary School
1950069 Middle School
Thurston High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/5/2025$700,000 Listed Price

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157 40TH ST, Springfield, OR, 97478 is a Multi-Family Home for sale at $700,000 with 4,704 sqft and a lot size of 0.31. 157 40TH ST has 8 bedrooms, 8.0 baths, and was built in 1973. The property's zip code is 97478 which is in Springfield, OR

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