231 S 40th St, Springfield, OR 97478
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Property image
OFF MARKET

231 S 40th St
Springfield, OR 97478

  • 9 Beds
  • 4 Baths
  • 3,158 sqft

$597,800

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,542/mo*
Refinance Your Home

$597,800

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,542/mo*
Refinance Your Home
9 Beds
4 Baths
3,158 sqft

Local Information

  • Map ViewExplore the area around 231 S 40th St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1973
Living Area
3,158 sqft
Price/Sqft
$189
Parking
8 Parking Spaces

About this House

New To Market!-Prime Investment Opportunity! This well-maintained quadplex in Springfield is just off Main Street and sits on a spacious lot with private parking-2 spots per unit. Property features include: Three 2 bed/1 bath units & One 3 bed/1 bath unit, shared laundry on the first floor and a history of low to no vacancy. Perfect for seasoned investors or those looking to grow their portfolio with a solid, income-generating property.
231 S 40th St, Springfield, OR 97478 is a 9 bedroom, 4 bathroom, 3,158 sqft multi-family built in 1973. It last sold for the $599,000 asking price on Sep 12, 2025. More recently, it was listed as a rental in September 2025 with an asking price of $1,495 per month. That rental listing was removed on December 12, 2025. It is currently off market. The Trulia Estimate is $597,800, with a rent estimate of $1,472/month.
Last check for updates: about 18 hours ago
Listed by Shelly Iverson, (541) 579-3605
Joi Real Estate
Shelly Begines, (541) 521-2116
Joi Real Estate
Bought with: Sarah Gonzalez, (541) 253-1162, Bell Real Estate
Source: RMLS (OR), MLS#163907285

Home Details for 231 S 40th St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 3158 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Range, Refrigerator, Electric Water HeaterDishwasherLaundry: Common AreaRefrigerator
Heating & Cooling
Heating: CeilingNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Ceiling
Windows, Doors, Floors & Walls
Window: Window Coverings
Levels, Entrance, & Accessibility
Stories: 2
View
No View
Security
Security: None

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Slab
Parking & Garage
No CarportNo GarageNo Attached GarageParking Spaces: 8Parking: Assigned,Paved
Frontage
Road Surface Type: Paved
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 7

Property Information

Year Built
Year Built: 1973
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: T111 SidingNot Attached Property
Property Information
Condition: ExistingParcel Number: 0122729

Price & Status

Price
List Price: $599,000
Status Change & Dates
Off Market Date: Wed Aug 06 2025

Location

Direction & Address
City: Springfield
School Information
Elementary School: Douglas GardensJr High / Middle School: Agnes StewartHigh School: Springfield

Building

Building Area
Building Area: 3158 Square Feet

Community

Community Features: Laundry

HOA

No HOA

Lot Information

Lot Area: 10018.8 sqft

Offer

Listing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Rent Includes: Sewer, Trash Collection, Water

Miscellaneous

Mls Number: 163907285

Additional Information

Laundry

Price History for 231 S 40th St

DatePriceEventSource
12/12/2025$1,250ListingRemovedZillow Rentals
11/04/2025$1,250PriceChange
Zillow Rentals
10/16/2025$1,350PriceChange
Zillow Rentals
10/01/2025$1,395PriceChange
Zillow Rentals
09/30/2025$1,450PriceChange
Zillow Rentals
09/23/2025$1,495Listed For RentZillow Rentals
09/12/2025$599,000Sold
RMLS (OR) #163907285
08/06/2025$599,000PendingRMLS (OR) #163907285
07/30/2025$599,000Listed For SaleRMLS (OR) #163907285
05/12/2003$200,000Sold
N/A

Market trends in Springfield

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$422K
$11.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$305
$1MoM
Available listings
173
6MoM
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Property Tax and Assessment

Year2025
Tax$5,319
Assessment$503,705
Home facts updated by county records

Comparable Sales for 231 S 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
349 40th St, Springfield, OR
0.30
Multi-Family Home
$665,000
11/14/25
8
4
2,640
157 40th St, Springfield, OR
0.15
Multi-Family Home
$711,000
12/22/25
8
8
4,704
4118/4120 S E St, Springfield, OR
0.27
Multi-Family Home
$520,000
08/29/25
6
6
2,966
4131 Forsythia St, Springfield, OR
0.39
Multi-Family Home
$525,000
05/11/26
6
6
2,966
443 S 43rd St, Springfield, OR
0.46
Multi-Family Home
$1,005,000
10/30/25
9
6
3,868
122 S 38th St, Springfield, OR
0.16
Multi-Family Home
$460,000
08/07/26
4
2
1,710
4133/4135 Bluebelle Way, Springfield, OR
0.21
Multi-Family Home
$407,500
11/19/25
4
2
1,992
4137/4139 Bluebelle Way, Springfield, OR
0.22
Multi-Family Home
$390,000
02/03/26
4
2
1,820
236/238 S 35th St, Springfield, OR
0.38
Multi-Family Home
$510,000
06/10/26
4
2
1,648

Nearby homes

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Assigned Schools

These are the assigned schools for 231 S 40th St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Springfield

At least 437 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 83 % Say there are sidewalks

  • 81 % Say parking is easy

  • 77 % Say car is needed

  • 77 % Say there's holiday spirit

  • 75 % Say yards are well-kept

  • 72 % Say kids play outside

  • 59 % Say it's walkable to grocery stores

  • 57 % Say it's walkable to restaurants

  • 57 % Say people would walk alone at night

  • 55 % Say streets are well-lit

  • 52 % Say it's quiet

  • 51 % Say neighbors are friendly

  • 46 % Say they plan to stay for at least 5 years

  • 38 % Say there's wildlife

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Jenicahinkle
    "They would love the friendly people walking their own dogs. I think we need another dog park in the Jasper area. "
    0
    Flag
  • K9w9dccyhd
    "Nothing this is gateway area nothing about this area is unique quite uncomfortable and not happy nor safe to live or grow into "
    0
    Flag
  • Cameron Wick
    "Blue collar, hard working neighborhood, very tight knit has always had somewhat of a crime issue due to drug users mostly all nonviolent though, and it seems like the whole countries dealing with that now, great place to raise a family been here over 15 years now and I love it!!"
    0
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  • Robert Stewart
    "There are no events that go on in my neighborhood. Everyone pretty much keeps to themselves. I can hear the football games from a mile away!!!!!!!!!!!!!!!!!!!"
    0
    Flag
  • Spikerbro
    "They light fireworks every weekend and it’s amazing. They Wake up my 6 month old son every time! I’m off gateway if it’s not specific "
    1
    Flag
  • Raeheselbach
    "It’s a great area, love the local eats close by and can walk to Fred Meyer. The dog parks are awesome!"
    1
    Flag
  • Valvoline777
    "Island park nearby has events including fireworks show. Bike trail only minutes away that can lead you anywhere, even around Eugene."
    1
    Flag
  • Gracie U.
    "This neighborhood is very walkable, friendly, and cute! Really beautiful trees and flowers adorn neighbors yards. "
    0
    Flag
  • Sarcasticlemon
    "I drive on roads and walk on the sidewalks. Sometimes I have to wait at traffic signals but usually I am ambulatory or mobile. "
    1
    Flag
  • Hillary L.
    "I drive daily but there are several bus stops and short walk to the emx line and several grocery stores within short walking distance "
    0
    Flag
  • Brittany R.
    "lots of dog owners here. very approachable. they leash their dogs unless secluded from others. several parks near by and a dog park"
    0
    Flag
  • Bradytyndall3737
    "It’s a good area for dogs lots of random fields to run around on and for you to take your dog to the bathroom at"
    0
    Flag
  • Tammy R.
    "Very dog friendly people have dogs on leashes sometimes you’ll see them at the park without a leash because they’re playing catch the well behaved ones are off leashes very family oriented and Some businesses you can take your dogs into"
    0
    Flag
  • Linda
    "Gets busy but not horrible. Buses run pretty well. Some express buses. Fair amount of stops. Connects with Eugene easily. The rush hour is usually 30 minutes unless there is an accident or other delay. But, if possible, I would take the bus. The roads are getting busier as time goes on."
    0
    Flag
  • Lea4143
    "I like Springfield and eugine I've been here over a month and am thinking of relocating here half of the year people are friendly and I love all the trees"
    0
    Flag
  • Chris
    "Springfield has pockets of homeowners who care, parent their children, and are responsible citizens. But there are other areas within the city that are sketchy. Not necessarily crime ridden, but just trashier. You have to know the area to know which neighborhoods are respectable. "
    0
    Flag
  • Rhonda D.
    "Make sure you have a Community that care. Also know the difference between common sense and stupidity when it comes to people and their neighborhoods. There are certain crazies in town, you need to make sure you know the whereabouts of your children and who are with them. Better be safe than sorry."
    0
    Flag
  • Cateduke
    "I've lived in this neighborhood for 20 years. Feels safe and friendly. Nice mix of older and younger neighbors."
    0
    Flag
  • Heather A.
    "easy access to public transit and close to downtown Springfield and eugene but its trash. there is graffiti and homeless people camping out and doing drugs in stairwells, bushes and under stairs. police sirens multiple times a day. I find needles in the park and laundry mat. stay far far away."
    0
    Flag
  • Alienhair86
    "We have a very friendly neighborhood where everyone looks after each other. The kids play together and on the 4th of July the whole neighborhood participated in the activities."
    0
    Flag
  • Klsub1530
    "It’s a nice neighborhood all the neighbors are friendly and it’s close to shopping And schools and parks"
    0
    Flag
  • Jillian W.
    "The schools here aren’t so great and there not much to do like there is to do in places like Portland but there is beautiful places to go hikes. I grew up on the McKenzie and absolutely loved it "
    0
    Flag
  • Meesa
    "There’s a walking/bike path that goes a few miles. Starting near shopping and bus lines it goes around parks and school, even a tennis court. Lots of grass along the way for your dog to relieve himself. Most people are decent enough to clean it up. The path ends up over near a river and a new path that runs another direction along nature area with wildlife for your dog to bark at. "
    0
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  • Normasackett
    "I am retired and drive in when I need to. The commute to Springfield downtown is about 10minutes and the commute to Eugene is 15 to 20. Also about 20 minutes to drive up the river to camping, fishing, kayaking, etc."
    0
    Flag
  • Mikailaeaston0109
    "Very friendly, kind, quiet, kinda small for my family and we are in a townhouse and would love to be in a home. "
    0
    Flag
  • Chris B.
    "Couldn't be more central to Eugene, hwy126, Franklin near UofO, Autzen Stadium and I-5. Also close to Willamette River, rock flats, two parks, miles of Jogging trails, also fishing in river or ponds. "
    0
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  • Lizcierra
    "Close to bus line. Close to schools. Short. Easy. Lots of stop lights and crosswalks. Choices on commute. Freeway is very close. City driving also a option. Close to EMX bus line. Lyft and Uber also"
    0
    Flag
  • Angeladebary
    "It's close to a great dog park. People walk their dogs all the time. Most back yards are fenced. I haven't really heard many barking dogs."
    0
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  • Bambi R. E.
    "dogs are often off leash in the neighborhood.... we do have lots of wild life around im usually a little more cautious about having my dog out with little supervision"
    0
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  • Ryan D. N.
    "New here in Oregon and am loving it so far. I go to school here and the environment of the area I live in is nic 😎"
    1
    Flag
  • Melody M.
    "Do not like it here, leaving Lane County...going home to Clackamas County where I belong...some areas are ok,,some not so much...pretty much the same in Clackamas County, but you get used to your hometown after 11 years."
    0
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  • Christeenajackson
    "It’s a mixed neighborhood, working class, retired, and families. The school systems leave you wanting more. There aren’t many restaurants, or good quality grocery stores within a mile. "
    0
    Flag
  • Gabriela l.
    "There are good before and after school care for children through Willamalane at many of the Elementary schools in Springfield."
    0
    Flag
  • Dulciejanehardy111
    "lived in this neighborhood for a little over 4 years the neighbors all help each other out and I have nice landlords"
    0
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  • Dulciejanehardy111
    "We have lived here for little over four years. Our Neighbors have been like family to us for the most part,and neighborhood feels safe. Also nice landlords!!!"
    0
    Flag
  • Ryan D. N.
    "I've lived here for about a month so far and it seems like a quiet blue collar neighborhood with foot traffic down the road fron traveling people. "
    1
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

38 pet-friendly rentals in Springfield, OR

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27 rentals with a garage in Springfield, OR

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Explore by feature - Pool

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Explore by feature - Outdoor Space

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Homes for sale near 231 S 40th St

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Off Market Homes Near 231 S 40th St

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Frequently asked questions about 231 S 40th St

  • What is 231 S 40th St estimated to be worth?
    Trulia's estimated value for 231 S 40th St in Springfield, OR is $597,800.
  • What is the price history for 231 S 40th St?
    231 S 40th St in Springfield, OR last sold for $599,000 in September 2025.
  • Is Springfield a buyer's or seller's market?
    Springfield is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Springfield?
    The median sale price in Springfield is $422K. That is up $11.33K from the prior month.
  • Does 231 S 40th St have laundry facilities?
    Yes, 231 S 40th St in Springfield, OR has laundry facilities.
  • Does 231 S 40th St have parking?
    Yes, 231 S 40th St in Springfield, OR has on-site parking.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-08-07 10:59:14 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.