This home's estimate is 20.7% lower than the average sale price ($711K) of 6 comparable homes.
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275 S 40th Pl, Springfield, OR 97478
About this home
Investor Alert: Duplex's two units are being sold together. Welcome to 275/273 S. 40th Pl, a well-maintained duplex nestled in a quiet cul-de-sac in one of Springfield's central neighborhoods. Each unit offers 2 spacious upstairs bedrooms, 1 bathroom upstairs, a half bath downstairs, and approximately 1,038 sq ft of comfortable living space with vaulted ceilings in the living rooms. The property features deep one-car garages with washer/dryer hookups (laundry appliances not included) and fully fenced, generously sized backyards—perfect for outdoor activities. One unit (275) has been updated with newer flooring and a refreshed kitchen, adding modern appeal. Whether you're looking to live in one unit and rent the other or expand your investment portfolio, this property provides excellent income potential, with current long-term tenants renting on a month-to-month basis. Conveniently located just minutes from schools, parks, bike paths, shopping, and downtown Springfield, with easy access to major highways. Enjoy the charm and lifestyle of the Willamette Valley while making a smart, versatile investment. Don't miss out on this exceptional duplex—schedule your showing today! 24-hour advance scheduling is in place. PLEASE DO NOT DISTURB TENANTS

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Market trends in 97478, OR
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
+0.0% MoM
- NEW 19 HRS AGO$459,8003 beds2 baths1,503 sq ft421 S 70th Pl, Springfield, OR 97478Brian Casey • Pioneer Properties Oregon Real Estate
- OPEN TODAY, 1PM TO 3PM$405,0003 beds2 baths1,244 sq ft6323 B St, Springfield, OR 97478KayDee Hallert • Better Homes and Gardens Real Estate Equinox
- OPEN SUN, 1PM TO 3PM$550,0003 beds2 baths2,140 sq ft1496 S 57th St, Springfield, OR 97478Kaci Spoor • John L. Scott Eugene
- $240,0002 beds1 bath1,072 sq ft3875 Kathryn Ave, Springfield, OR 97478Becki Trowbridge • eXp Realty LLC
- OPEN SUN, 12PM TO 2PM$650,0003 beds2 baths1,743 sq ft91240 Leavitt Ln, Springfield, OR 97478Galand Haas • Keller Williams Realty Eugene and Springfield
- OPEN SUN, 12PM TO 2PM$895,0004 beds3 baths2,538 sq ft39141 Easton Ln, Springfield, OR 97477Judy Casad • Windermere RE Lane County
- $400,0003 beds2 baths1,226 sq ft639 S 70th St, Springfield, OR 97478Tyler Head • Turning Point Realty Group
- $675,0008 beds4 baths3,372 sq ft5495 A Units 69-72 St, Springfield, OR 97478Noelle Meinzer • ICON Real Estate Group
See all
Provided by Redfin
Sale history for 275 S 40th Pl
$228/sq ft
$222/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Property details
Parking
- Parking Information
- Parking Features: Driveway, Garage
- Parking Total: 2
- Garage Information
- Garage Spaces: 2
Interior
- Appliances
- Hot Water Description: Electricity
- Interior Features
- Storage: Garage(s)
- Basement: Crawl Space, Exterior Entry
- Multi Unit Information
- # Of Units Total: 2
- Unit Information
- Unit Type: 1, 2
- Unit Type 1 Information
- Actual Rent: $1,250
- Area: 1,038
- Baths Total: 2
- Beds Total: 2
- Features: Dishwasher, Fireplace, Range, Refrigerator
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $830
- Area: 1,038
- BathsTotal: 2
- Beds Total: 2
- Features: Dishwasher, Fireplace, Range, Refrigerator
- Units Total: 1
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: Plywood, T-111 Siding
- Unreinforced Masonry Bldg: No
- Lot Information
- Lot Size Square Feet: 7,840
- Lot Size Range: 7,000 to 9,999 SqFt
- Lot Size Acres: 0.18
- Lot Size: 7,000 to 9,999 SqFt
- Lot Features: Cul-de-sac, Level, Trees
- Parcel Number: 1181195
- Road Surface Type: Paved
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- Property Condition: Approximately
- Security Features: Security Lights
- View YN: Yes
- View Description: Seasonal
- Building Information
- Year Built: 1976
- Building Area Total: 2,076
- Foundation Details: Concrete Perimeter
Financial
- Tax Information
- Tax Year: 2024
- Tax Legal Description: Map & Taxlot#17-02-31-44-00304
- Tax Annual Amount: $3,975.06
- Lease / Rent Information
- CAP Rate: 3.88
- Gross Rent Multiplier: 18.81
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Internet Service Type: Cable, Fiber Optics
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Forced Air
- Cooling YN: No
- Cooling: Air Conditioning Ready
Location
- School Information
- Elementary School: Douglas Gardens
- Middle Or Junior School: Agnes Stewart
- High School: Springfield
- Location Information
- Directions: Main St. to S. 40th to L. on Oregon to 275 S. 40th PL
- Unparsed Address: 275 S 40TH PL, Springfield, OR 97478
- Community Information
- Zoning: R2
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Lane County
- APN: 1181195
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
Public K-5 • Assigned • 0.6mi
Public 6-8 • Assigned • 0.8mi
Public 9-12 • Assigned • 2.4mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 91° expected this year, 16 days in 30 years
Minimal risk of severe winds over next 30 years
16 unhealthy days expected this year, 19 days in 30 years
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.
Nearby similar homes
New listings for sale in 97478
Home values near 275 S 40th Pl
| Address | Redfin Estimate |
|---|---|
4 Beds | 3 Baths | 2076 Sq. Ft. | $420,638 |
4 Beds | 3 Baths | 2043 Sq. Ft. | $516,715 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1788 Sq. Ft. | $437,129 |
4 Beds | 3 Baths | 2033 Sq. Ft. | $459,153 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1788 Sq. Ft. | $438,145 |
4 Beds | 3 Baths | 2043 Sq. Ft. | $454,073 |
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