488 Main ST, Springfield, OR 97477
Lane County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2024
Stories
2
Living Area
13,408 sq ft
Lot Size
0.11 acres
Zoning
MUC
Days on Market
419
MLS® Listing#
352831896
Property Features
Cooling
Heating
Parking
Laundry
Construction
Foundation
Roof
Security
Sewer
Water Source
Schools
- Middle:
- Springfield
Financial Details
Annual Taxes
$11,467
Tax year 2024
Parcel Number
0313641
Directions
Main St. to address. Located at corner of 5th & Main
Affordability Calculator
$990,000
Estimated monthly payment
$26,346/mo
Principal $3,960,000 · Est. interest $5,524,552 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Springfield, OR
- $462,500
- Median Listing Price
- 165
- Median Days on Market
- 1,592
- Median Sq Ft
- $284
- Median Price / Sq Ft
- 113
- Active Listings
- This home’s price is 970% above the area median.
- Its price per sq ft is 30% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Springfield, OR.
Location
Points of Interest in Springfield, OR
Showing the Springfield area map.
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EXIT Agents in Springfield
Listing Courtesy: Windermere RE Lane County - 541-501-3399
Presented by: Kristena Cox
Last Updated: 2025-01-28