Damonian Pike

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Listing provided courtesy of Windermere RE Lane County- MLS# 352831896MLS ProviderContact Information: 541-501-3399

488 Main STSpringfield, OR 97477

Multi-Family · 13,408 Sq. ft. | 0.11 Acres
$4,950,000 Active

488 Main ST Overview

Time on Site:
517 days
Visits:
23

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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488 Main ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 13,408
  • Price/Sq.ft. $369
  • Lot 0.11 Acres

Details

General

School Information

  • Middle Or Junior School: Springfield

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 372014.0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Lane
  • MLS Area Major: 249 - Lane Co: Springfield

Community/Development

  • Community Features: All Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 11466.55
  • Tax Year: 2024

General Information

  • Listing Terms: Call Listing Agent,Cash,Conventional
  • Parcel Number: 0313641
  • Property Condition: New Construction
  • Property Type: Multi Family
  • Zoning: MUC

Interior

Building Interior

  • Building Area Total: 13408.0

General Information

  • Cooling: Heat Pump
  • Foundation Details: Slab
  • Heating: Heat Pump
  • Security Features: Entry,Fire Escape,Fire Sprinkler System,Handicap Access
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Off Site

Lot Information

  • Lot Size Acres: 0.11
  • Lot Size Square Feet: 4791.0
  • Road Surface Type: Concrete
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Membrane

General Information

  • Number Of Units Total: 15
  • Sewer: Public Sewer

488 Main ST Neighborhood

Community

97477 (Springfield) Demographics

39
Median Age
3,000
Population Density (per sq. mile)
33%
College Educated
$48,644
Estimated Median Income
8,164
Estimated Total Home Owners
8,030
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

488 Main ST Market Data

Based on the last 30 days in this zip code

$402,404
Average List Price
$266
Average Price per Square Foot
31
Properties Sold
61
Average Days on Market
109
Properties for Sale
Calculations provided by Reliance Network

488 Main ST History

Date Event Value Agent
1/28/2025Source: Regional MLS Added to Database
January 28, 2025