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488 Main ST Springfield, OR $ 4,950,000
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488 Main ST
$ 4,950,000
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New Construction
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488 Main ST

Springfield, OR, 97477
$ 4,950,000
Bedrooms2 Baths2.0 Sq 13,408

Monthly Estimate*

$ 30,882

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Multi-Family Home for sale in Springfield, OR

for $4,950,000 with 2 bedrooms and 2 full baths. This 13,408 square foot home was built in 2024 on a lot size of 0.11.

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.

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Multi-Family Active

Price

$ 4,950,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 11,466

Style

Lot Size

0.11

Year Built

2024

Town/City

Springfield

County/Region

Lane

MLS | Web ID

352831896
Features
General
Sewer PublicSewer
Heating HeatPump
Cooling HeatPump
Roof Membrane
Zoning MUC
Security Features Entry FireEscape FireSprinklerSystem HandicapAccess
Year Built 2024
Stories Count 2
Tax Year 2024
Parcel Number 0313641
Gross Income 0
Community Features AllLandscaping Laundry
County Lane
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions Main St. to address. Located at corner of 5th & Main
City Springfield
Number Of Units Total 15
MLS Area _249
Lot Size Square Feet 4791.0
Listing Terms CallListingAgent Cash Conventional
Tax Annual Amount 11466.55
Middle/Junior High School Springfield
Property Condition NewConstruction
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description To be provided by escrow
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Interior
Storage IndividualStorageUnits
Hot Water Recirculating Tankless
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 0
Unit 3 Beds Total 0
Unit 4 Baths Total 0
Unit 4 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features OffSite
Water Source PublicWater
Exterior Description Brick
Foundation Details Slab
Building Area Total 13408.0
Lot Size Acres 0.11
Road Surface Type Concrete
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Internal Only
Street Number 1 488
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* Excluded Features
List By
Windermere Re Lane County

Broker

541-501-3399

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Affordability Calculator

$31,837
Per Month
97%
3%
0%
Monthly Principal & Interest
$30,882
Monthly Property Taxes
$956
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949264 Elementary School
4940717 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/29/2025$4,950,000 Listed Price

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488 Main ST, Springfield, OR, 97477 is a Multi-Family Home for sale at $4,950,000 with 13,408 sqft and a lot size of 0.11. 488 Main ST has 2 bedrooms, 2.0 baths, and was built in 2024. The property's zip code is 97477 which is in Springfield, OR

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