Multi-Family for Sale: 488 Main ST, Springfield, OR 97477

13,408 sqft
$4,950,000
$4,950,000
488 Main ST, Springfield, OR 97477
13,408 sqft
$4,950,000
Remove from
FavoritesAdd to
Favorites		 Add to
Trip Map		 Hide Share or
Email
Price:
$4,950,000
Est. payment: Skip to Mortgage Calculator

Get Pre-Approved

Type Multi-Family
Square Feet 13,408 sqft
Lot Size 0.11 acres
Year Built 2024
Taxes Paid $11,466
City Springfield
Area 249 - Lane Co: Springfield
County Lane
MLS 352831896
Status Active
DOM 10 days
Rivett on 5th & Main is the newest mixed-use development in the Eugene/ Springfield metro area. Just finished in December of 2024, it features 12 townhouse style apartments on the second floor, two retail spaces and one live/work unit. Architecturally designed with top-of-the-line amenities. 10 year property tax freeze on apartments (excludes commercial units.) Lease up has just begun and at the asking price, Seller will lease back any apartment unit that is not leased by closing.

Lot & Building Features

Cooling Heat Pump
Heating Heat Pump
Parking Description Off Site
Sewer Public Sewer
Water Public Water
Water Heater Recirculating, Tankless

Community and Schools

Junior High School Springfield

Unit Features

Unit Type 1 Actual Rent 1550
Unit Type 1 Area 600
Unit Type 1 Baths 1.000
Unit Type 1 Baths Total 1
Unit Type 1 Beds Total 1
Unit Type 1 Features Air Conditioning, Refrigerator, Dishwasher, Deck
Unit Type 1 Units Total 12
Unit Type 2 Actual Rent 1702
Unit Type 2 Area 689
Unit Type 2 Baths 1.000
Unit Type 2 Baths Total 1
Unit Type 2 Beds Total 1
Unit Type 2 Features Air Conditioning, Dishwasher
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 2038
Unit Type 3 Area 816
Unit Type 3 Units Total 1
Unit Type 4 Actual Rent 6490
Unit Type 4 Area 2596
Unit Type 4 Features Air Conditioning
Unit Type 4 Units Total 1

Price History of 488 Main ST, Springfield, OR

Date Name Price Difference
01/28/2025 Listing Price $4,950,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Open new tab for directions to this property
Map of 488 Main ST, Springfield, OR

Location Map Street View

Inquire about this property

Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by Windermere RE Lane County, Kristena Cox
$
20%
0.23164747474747%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Browse By Area

488 Main ST (MLS #352831896) is a multi-family listing located in Springfield, OR. This multi-family listing is 13,408 sqft and on a lot of 4,791 sqft (or 0.11 acres) and is 1 years old. This property was listed on 01/28/2025 and has been priced for sale at $4,950,000.

Nearby zip codes are 97401, 97403, 97405, 97408 and 97478. This property neighbors other cities such as Eugene.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Windermere RE Lane County

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 Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS., Portland, Oregon.