488 Main St, Springfield, OR 97477

$4,950,000

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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.

488 Main St | MLS# 352831896

This multi-family property located at 488 Main St, Springfield, OR 97477 is currently listed for sale with an asking price of $4,950,000. Search Springfield real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump
Fuel Type: Electricity
Heating: Heat Pump
Roof Type: Membrane
Stories: 2.0
Taxes: $11,467
Year Built: 2024
Square Feet: 13,408

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Deck, Dishwasher, Refrigerator
Rent: $1550.00
Square Footage: 600
Total Units: 12
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Dishwasher
Rent: $1702.00
Square Footage: 689
Total Units: 1
Unit Type 3:
Rent: $2038.00
Square Footage: 816
Total Units: 1
Unit Type 4:
Features: AirConditioning
Rent: $6490.00
Square Footage: 2596
Total Units: 1

Feature Descriptions

Days on Site: 444
Exterior: Brick
Hot Water: Recirculating, Tankless
Parking: OffSite
Parking Notes: OffSite
Sewer: Public Sewer
Special View Info: City, Mountain
Storage: IndividualStorageUnits
Units: 15
Water: Public Water

Local Schools

Middle School: Springfield

Listed By / Shown By

Listed By

Agency Name: Windermere RE Lane County
Agency Contact: 541-501-3399

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 27,429.23 per month $25,029.89 Principal & Interest $955.58 Property Tax $1,443.75 Homeowner's Insurance

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