Off Market Dec 2025 for $711K

$775,423

Est. refi paymentEst. refi $4,235/mo

•

8 ba

•

4,704

sq ft

157 40th St, Springfield, OR 97478

About this home

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.!!!!

Multi-familyProperty Type

1973Year Built

0.31 acresLot Size

$165Est. Price/Sq.Ft.

4 car garageParking

Listed by Sandra Boyst • ICON Real Estate Group

Contact: ICON@TheICONREGroup.com

Bought with OR and WA Non Rmls • Non Rmls Broker

Redfin checked: a minute ago

•Source:RMLS #239958980

Redfin Estimate

$775,423

$64K since sold in December 2025$2,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 72.2% higher than the average sale price ($450K) of 6 comparable homes.

SOLD JUN 10, 2026
$510,000
A
4 beds2 baths1,648 sq ft
236/238 S 35th St, Springfield, OR 97478
SOLD SEP 12, 2025
$599,000
B
9 beds4 baths3,158 sq ft
231 S 40th St, Springfield, OR 97478
SOLD JUN 22, 2026
$376,000
C
4 beds2 baths1,572 sq ft
186 40th St, Springfield, OR 97478
SOLD FEB 3, 2026
$390,000
D
4 beds2 baths1,820 sq ft
4137/4139 Bluebelle Way, Springfield, OR 97478
SOLD JUN 26, 2026
$420,000
E
4 beds3 baths2,137 sq ft
4733 Union Ter, Springfield, OR 97478
SOLD NOV 19, 2025
$407,500
F
4 beds2 baths1,992 sq ft
4133/4135 Bluebelle Way, Springfield, OR 97478

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Earn from this home

Sell

$166,829

Est. take-home

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Refinance

Est. cash available

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Market trends in 97478, OR

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.8%

+0.5% MoM

Median sale price

$445K

$3K MoM

Avg. days on market

15d

8 days MoM

Recently sold homes

112

16 MoM

New listings for sale

NEW 1 HR AGO
$350,000
2 beds1 bath1,104 sq ft
5285 High Banks Rd, Springfield, OR 97478
Rhett Ortmann • Rhettro Real Estate LLC
NEW 5 HRS AGO
$775,000
5 beds4 baths3,530 sq ft
6084 Fernhill Loop, Springfield, OR 97478
Jamie Paddock • Elite Realty Professionals
NEW 23 HRS AGO
$379,900
3 beds1 bath912 sq ft
697 54th St, Springfield, OR 97478
Robert Grand • Grand Real Estate
3D WALKTHROUGH
$390,000
2 beds2 baths1,008 sq ft
1580 S 60th St, Springfield, OR 97478
Corbin Duncan • Heart and Home Real Estate
FOR SALE BY OWNER
$15,900
2 beds1 bath800 sq ft
1125 58th St, Springfield, OR 97478
OPEN SAT, 12PM TO 2PM
$445,000
3 beds3 baths1,411 sq ft
4868 Glacier Dr, Springfield, OR 97478
Melissa McGuire • Berkshire Hathaway HomeServices Real Estate Professionals
OPEN SAT, 11AM TO 1PM
$419,000
3 beds2 baths1,418 sq ft
196 S 72nd St, Springfield, OR 97478
Ashley McPherson • Keller Williams Realty Eugene and Springfield
$37,500
2 beds2 baths924 sq ft
1125 58th St #96, Springfield, OR 97478
Shawn Mogenson • United Real Estate Properties
COMING SOON
$479,900
3 beds3 baths1,562 sq ft
575 S 70th St, Springfield, OR 97478
Donna Phibbs • Hybrid Real Estate
$540,000
4 beds3 baths2,050 sq ft
5270 Squirrel St, Springfield, OR 97478
Frank Houser • Premiere Property Group LLC
See all

Provided by Redfin

Sale history for 157 40th St

** Price available after signing in.

Year

Property tax

Land + Additions

Assessment*

2025

$5,804 (+1.6%)

2024

$5,710 (+4.4%)

2023

$5,467 (+3.4%)

2022

$5,288 (+1.8%)

2021

$5,193 (+3.0%)

2020

$5,042 (+3.1%)

2019

$4,890 (+11.1%)

2018

$4,403 (−0.5%)

$70,013 + $187,280

$257,293

2017

$4,425 (+0.2%)

$70,013 + $187,330

$257,343

2016

$4,414 (+2.6%)

$64,874 + $189,670

$254,544

2015

$4,301 (−1.2%)

$60,378 + $189,710

$250,088

2014

$4,353 (−2.0%)

2013

$4,440 (+7.1%)

2012

$4,145 (+1.0%)

2011

$4,105 (+2.9%)

2010

$3,989 (+2.6%)

2009

$3,889

Tax history for 157 40th St

Year

Property tax

Land + Additions

Assessment*

2025

$5,804 (+1.6%)

2024

$5,710 (+4.4%)

2023

$5,467 (+3.4%)

2022

$5,288 (+1.8%)

2021

$5,193 (+3.0%)

2020

$5,042 (+3.1%)

2019

$4,890 (+11.1%)

2018

$4,403 (−0.5%)

$70,013 + $187,280

$257,293

2017

$4,425 (+0.2%)

$70,013 + $187,330

$257,343

2016

$4,414 (+2.6%)

$64,874 + $189,670

$254,544

2015

$4,301 (−1.2%)

$60,378 + $189,710

$250,088

2014

$4,353 (−2.0%)

2013

$4,440 (+7.1%)

2012

$4,145 (+1.0%)

2011

$4,105 (+2.9%)

2010

$3,989 (+2.6%)

2009

$3,889

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.31 Acres

Year renovated

1986

Sq. Ft.

4,704

Year built

1973

Style

Single Family Residential

County

Lane County

APN

1810637

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 19, 2026.

Property details

Parking

Parking Information
Parking Features: Garage, Garage Door Opener
Parking Total: 4

Garage Information
Garage Spaces: 4

Interior

Appliances
Hot Water Description: Electricity

Interior Features
Storage: Garage(s)
Basement: Crawl Space

Exterior

Exterior Features
Roof: Composition
Exterior Description: Vinyl Siding

Lot Information
Lot Size Square Feet: 13,503
Lot Size Range: 10,000 to 14,999 SqFt
Lot Size Acres: 0.31
Lot Size: 10,000 to 14,999 SqFt
Parcel Number: 1810637
Road Surface Type: Paved

Property Information
Property Type: Multi Family
Property Attached YN: No
Property Condition: Existing
View YN: No

Building Information
Year Built: 1973
Building Area Total: 4,704
Foundation Details: Concrete Perimeter

Financial

Tax Information
Tax Year: 2024
Tax Legal Description: 17-02-31-41-00404
Tax Annual Amount: $5,709.78

Rent Information
Rent Includes: Maintenance Grounds

Lease / Rent Information
CAP Rate: 6.58
Gross Rent Multiplier: 10.63

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Electricity
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Zoned
Cooling YN: No

Location

Multi Unit Information
# Of Units Total: 4

Unit Information
Unit Type: 1, 2, 3, 4

Unit Type 1 Information
Actual Rent: $1,300
Area: 950
Baths Total: 2
Beds Total: 2
Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
Units Total: 1

Unit Type 2 Information
Actual Rent: $1,300
Area: 950
BathsTotal: 2
Beds Total: 2
Units Total: 1

Unit Type 3 Information
Actual Rent: $1,395
Area: 950
Baths Total: 2
Beds Total: 2
Features: Range, Refrigerator, Washer/Dryer Hookup
Units Total: 1

Unit Type 4 Information
Actual Rent: $1,495
Area: 950
Baths Total: 2
Beds Total: 2
Units Total: 1

School Information
Elementary School: Riverbend
Middle Or Junior School: Briggs
High School: Thurston

Location Information
Directions: MAIN ST LEFT 40TH
Unparsed Address: 157 40TH ST, Springfield, OR 97478

Community Information
Zoning: R-2

Public facts

Beds: 8
Baths: 6.0
Sq. Ft.: 4,704
Stories: 2.0
Lot Size: 0.31 acres
Style: Single Family Residential
Year Built: 1973
Year Renovated: 1986
County: Lane County
APN: 1810637

Home facts updated by county records on Aug 19, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

Around this home

Schools

Riverbend Elementary School

Public K-5 • Assigned • 1.2mi

2/10

Briggs Middle School

Public 6-8 • Assigned • 2.1mi

6/10

Thurston High School

Public 9-12 • Assigned • 2.1mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 91° expected this year, 16 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

16 unhealthy days expected this year, 19 days in 30 years

Provided by First Street

Historical weather

Springfield, OR • 97478

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.6 hours in June and 2.2 hours in December, placing it below the U.S. average for solar exposure.

10.6 hrs

2.2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$737,000 – $892,000

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New listings for sale in 97478

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5285 High Banks Rd, Springfield, OR 97478

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NEW 5 HRS AGO3D WALKTHROUGH

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Jamie Paddock • Elite Realty Professionals

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697 54th St, Springfield, OR 97478

Robert Grand • Grand Real Estate

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Corbin Duncan • Heart and Home Real Estate

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Home values near 157 40th St

Data from public records.

Address	Redfin Estimate
192 40th St, Springfield, OR 3 Beds \| 1 Baths \| 952 Sq. Ft.	$337,511
301 40th St, Springfield, OR 4 Beds \| 2 Baths \| 1560 Sq. Ft.	$445,616

Address	Redfin Estimate
186 40th St, Springfield, OR 4 Beds \| 2 Baths \| 1572 Sq. Ft.	$452,633
200 40th St, Springfield, OR 2 Beds \| 1.5 Baths \| 840 Sq. Ft.	$314,781

Address	Redfin Estimate
179 40th St, Springfield, OR 8 Beds \| 6 Baths \| 4704 Sq. Ft.	$751,439
210 40th St, Springfield, OR 2 Beds \| 1 Baths \| 840 Sq. Ft.	$316,307

Property information provided by undefined .

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