488 Main St, Springfield, OR 97477

Springfield
Local realty services provided by:Knipe Realty ERA Powered
488 Main St,Springfield, OR 97477
$4,950,000
  • - Beds
  • - Baths
  • 13,408 sq. ft.
  • Multi-family
  • Active
Listed by: kristena cox
Office: windermere re lane county541-484-2022
MLS#:352831896
Source:PORTLAND

Price summary

  • Price:$4,950,000
  • Price per sq. ft.:$369.18

About this home

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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Home facts

  • Year built:2024
  • Listing ID #:352831896
  • Added:650 day(s) ago
  • Updated:November 10, 2026 at 01:36 PM

Rooms and interior

  • Living area:13,408 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Roof:Membrane
  • Year built:2024
  • Building area:13,408 sq. ft.
  • Lot area:0.11 Acres
  • Foundation Description:Slab
  • Levels:2 Stories

Schools

  • Middle school:Springfield

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,950,000
  • Price per sq. ft.:$369.18
  • Tax amount:$11,467 (2024)

Parking

  • Parking description:Off Site
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: November 10, 2026

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