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488 Main St

Springfield, OR 97477
  • $4,950,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 352831896
UPDATED: 87 min ago
$4,950,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,408
    SQFT
  • $369
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Information

Middle School:

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.

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-21T19:52:49.127.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/159839828
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488 Main St Springfield, OR 97477

  • Price: $4,950,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 87 min ago
  • MLS #: 352831896
0
Beds
0
Baths
0
½ Baths
0.11
Acres
13,408
SQFT
$369
$/SQFT
2024
Built
Neighborhood:
249-Lane Co:Springfield
County:
Lane
Area:
249-Lane Co:Springfield
Middle School:
Springfield
Property 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.
Exterior Features

Attached Garage YN No Exterior Description Brick Foundation Details Slab Parking Features Off Site Road Surface Type Concrete Roof Membrane View Description City Mountain View YN Yes

Interior Features

Cooling Heat Pump Cooling YN Yes Heating Heat Pump Heating YN Yes

Property Features

Bank Owned YN No Community Features All Landscaping Laundry Fuel Description Electricity Green Certification YN No Gross Income 0 Hot Water Description Recirculating Tankless IDXAddress Display YN Yes Listing Terms Call Listing Agent Cash Conventional Net Operating Income 0 Operating Expense 0 Property Attached YN No Property Condition New Construction Rent Includes Sewer Trash Collection Water Security Features Entry Fire Escape Fire Sprinkler System Handicap Access Sewer Public Sewer Short Sale YN No Storage Individual Storage Units Tax Annual Amount 11466.55 Tax Year 2024 Water Source Public Water Zoning MUC

Listing provided courtesy of Windermere RE Lane County: 541-501-3399.


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-21T19:52:49.127.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301