488 Main ST, Springfield, OR 97477

$4,950,000
13,408
SqFt

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List Price
$4,950,000
Days on Market
545
MLS#
352831896
Property Type
Multifamily
Sqft. of Residence
13,408
Lot Size
3, 000 to 4, 999 SqFt
Region
Lane Co: Springfield
Status
ACTIVE

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.

Additional Information

Tax Amount
$11,466
Year Built
2024
Middle School
Springfield
Acres
0.11
Living Area
13,408
Stories
2
Terms
Call Listing Agent, Cash, Conventional
Cooling Description
Heat Pump
Fuel Description
Electricity
Heating Description
Heat Pump
Hoa Rent Includes
Sewer, Trash Collection, Water
Hot Water Description
Recirculating, Tankless
Exterior Description
Brick
Roof Type
Membrane
Sewer Description
Public Sewer
View
City, Mountain(s)
Parking
Off Site
Security Or Entry
Entry, Fire Escape, Fire Sprinkler System, Handicap Access
Parking Description
Off Site
Road Surface
Concrete
Number Of Units Total
15
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
1550
Unit Type One Sq Ft
600
Unit Type One Units Total
12
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
1
Unit Type Three Rent
2038
Unit Type Three Sq Ft
816
Unit Type Three Units Total
1
Unit Type Four Rent
6490
Unit Type Four Sq Ft
2596
Unit Type Four Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Windermere RE Lane County.

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