488 Main St, Springfield, OR 97477
Property image
Property image
FOR SALE

$4,950,000

  • 13 Beds
  • 13 Baths
  • 13,408 sqft

488 Main St, Springfield, OR 97477

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Home Highlights

Multi-Family
Built in 2024
$369/sqft

Local Information

  • Map ViewExplore the area around 488 Main St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 17 hours ago
Listing courtesy of Kristena Cox, (541) 501-3399
Windermere RE Lane County
Source: RMLS (OR), MLS#352831896

Home Details for 488 Main St

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 13Number of Bathrooms: 13Number of Bathrooms (full): 13
Dimensions and Layout
Living Area: 13408 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Refrigerator, Recirculating Water Heater, Tankless Water HeaterDishwasherLaundry: Common AreaRefrigerator
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Heat Pump,Air ConditioningHas HeatingHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 2Accessibility: Handicap Access
View
Has a ViewView: City, Mountain(s)
Security
Security: Entry, Fire Escape, Fire Sprinkler System

Exterior Features

Exterior Home Features
Roof: MembranePatio / Porch: DeckFoundation: Slab
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Off Site
Frontage
Road Surface Type: Concrete
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 180+

Property Information

Year Built
Year Built: 2024
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: BrickNot Attached Property
Property Information
Condition: New ConstructionParcel Number: 0313641

Price & Status

Price
List Price: $4,950,000Price Per Sqft: $369

Location

Direction & Address
City: Springfield
School Information
Jr High / Middle School: Springfield

Agent Information

Listing Agent
Listing ID: 352831896

Building

Building Area
Building Area: 13408 Square Feet

Community

Community Features: All Landscaping, Laundry

Lot Information

Lot Area: 4791.6 sqft

Offer

Listing Terms: Call Listing Agent, Cash, Conventional

Rental Terms, Policies & Fees

Rent Includes: Sewer, Trash Collection, Water

Miscellaneous

Mls Number: 352831896Attribution Contact: 541-501-3399

Additional Information

All LandscapingLaundry

Around this home

What Locals Say about Springfield

At least 438 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 83 % Say there are sidewalks

  • 81 % Say parking is easy

  • 77 % Say car is needed

  • 77 % Say there's holiday spirit

  • 75 % Say yards are well-kept

  • 72 % Say kids play outside

  • 59 % Say it's walkable to grocery stores

  • 57 % Say it's walkable to restaurants

  • 57 % Say people would walk alone at night

  • 55 % Say streets are well-lit

  • 52 % Say it's quiet

  • 51 % Say neighbors are friendly

  • 46 % Say they plan to stay for at least 5 years

  • 38 % Say there's wildlife

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • CDub
    "Right on bus line and never have any bad traffic.."
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  • Jenicahinkle
    "They would love the friendly people walking their own dogs. I think we need another dog park in the Jasper area. "
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  • K9w9dccyhd
    "Nothing this is gateway area nothing about this area is unique quite uncomfortable and not happy nor safe to live or grow into "
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  • Cameron Wick
    "Blue collar, hard working neighborhood, very tight knit has always had somewhat of a crime issue due to drug users mostly all nonviolent though, and it seems like the whole countries dealing with that now, great place to raise a family been here over 15 years now and I love it!!"
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  • Robert Stewart
    "There are no events that go on in my neighborhood. Everyone pretty much keeps to themselves. I can hear the football games from a mile away!!!!!!!!!!!!!!!!!!!"
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  • Spikerbro
    "They light fireworks every weekend and it’s amazing. They Wake up my 6 month old son every time! I’m off gateway if it’s not specific "
    1
    Flag
  • Raeheselbach
    "It’s a great area, love the local eats close by and can walk to Fred Meyer. The dog parks are awesome!"
    1
    Flag
  • Valvoline777
    "Island park nearby has events including fireworks show. Bike trail only minutes away that can lead you anywhere, even around Eugene."
    1
    Flag
  • Gracie U.
    "This neighborhood is very walkable, friendly, and cute! Really beautiful trees and flowers adorn neighbors yards. "
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  • Sarcasticlemon
    "I drive on roads and walk on the sidewalks. Sometimes I have to wait at traffic signals but usually I am ambulatory or mobile. "
    1
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  • Hillary L.
    "I drive daily but there are several bus stops and short walk to the emx line and several grocery stores within short walking distance "
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  • Brittany R.
    "lots of dog owners here. very approachable. they leash their dogs unless secluded from others. several parks near by and a dog park"
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  • Bradytyndall3737
    "It’s a good area for dogs lots of random fields to run around on and for you to take your dog to the bathroom at"
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  • Tammy R.
    "Very dog friendly people have dogs on leashes sometimes you’ll see them at the park without a leash because they’re playing catch the well behaved ones are off leashes very family oriented and Some businesses you can take your dogs into"
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  • Linda
    "Gets busy but not horrible. Buses run pretty well. Some express buses. Fair amount of stops. Connects with Eugene easily. The rush hour is usually 30 minutes unless there is an accident or other delay. But, if possible, I would take the bus. The roads are getting busier as time goes on."
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  • Lea4143
    "I like Springfield and eugine I've been here over a month and am thinking of relocating here half of the year people are friendly and I love all the trees"
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  • Chris
    "Springfield has pockets of homeowners who care, parent their children, and are responsible citizens. But there are other areas within the city that are sketchy. Not necessarily crime ridden, but just trashier. You have to know the area to know which neighborhoods are respectable. "
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  • Rhonda D.
    "Make sure you have a Community that care. Also know the difference between common sense and stupidity when it comes to people and their neighborhoods. There are certain crazies in town, you need to make sure you know the whereabouts of your children and who are with them. Better be safe than sorry."
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  • Cateduke
    "I've lived in this neighborhood for 20 years. Feels safe and friendly. Nice mix of older and younger neighbors."
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  • Heather A.
    "easy access to public transit and close to downtown Springfield and eugene but its trash. there is graffiti and homeless people camping out and doing drugs in stairwells, bushes and under stairs. police sirens multiple times a day. I find needles in the park and laundry mat. stay far far away."
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  • Alienhair86
    "We have a very friendly neighborhood where everyone looks after each other. The kids play together and on the 4th of July the whole neighborhood participated in the activities."
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  • Klsub1530
    "It’s a nice neighborhood all the neighbors are friendly and it’s close to shopping And schools and parks"
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  • Jillian W.
    "The schools here aren’t so great and there not much to do like there is to do in places like Portland but there is beautiful places to go hikes. I grew up on the McKenzie and absolutely loved it "
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  • Meesa
    "There’s a walking/bike path that goes a few miles. Starting near shopping and bus lines it goes around parks and school, even a tennis court. Lots of grass along the way for your dog to relieve himself. Most people are decent enough to clean it up. The path ends up over near a river and a new path that runs another direction along nature area with wildlife for your dog to bark at. "
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  • Normasackett
    "I am retired and drive in when I need to. The commute to Springfield downtown is about 10minutes and the commute to Eugene is 15 to 20. Also about 20 minutes to drive up the river to camping, fishing, kayaking, etc."
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  • Mikailaeaston0109
    "Very friendly, kind, quiet, kinda small for my family and we are in a townhouse and would love to be in a home. "
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  • Chris B.
    "Couldn't be more central to Eugene, hwy126, Franklin near UofO, Autzen Stadium and I-5. Also close to Willamette River, rock flats, two parks, miles of Jogging trails, also fishing in river or ponds. "
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  • Angeladebary
    "It's close to a great dog park. People walk their dogs all the time. Most back yards are fenced. I haven't really heard many barking dogs."
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  • Bambi R. E.
    "dogs are often off leash in the neighborhood.... we do have lots of wild life around im usually a little more cautious about having my dog out with little supervision"
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  • Ryan D. N.
    "New here in Oregon and am loving it so far. I go to school here and the environment of the area I live in is nic 😎"
    1
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  • Melody M.
    "Do not like it here, leaving Lane County...going home to Clackamas County where I belong...some areas are ok,,some not so much...pretty much the same in Clackamas County, but you get used to your hometown after 11 years."
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  • Christeenajackson
    "It’s a mixed neighborhood, working class, retired, and families. The school systems leave you wanting more. There aren’t many restaurants, or good quality grocery stores within a mile. "
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  • Gabriela l.
    "There are good before and after school care for children through Willamalane at many of the Elementary schools in Springfield."
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  • Dulciejanehardy111
    "lived in this neighborhood for a little over 4 years the neighbors all help each other out and I have nice landlords"
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  • Dulciejanehardy111
    "We have lived here for little over four years. Our Neighbors have been like family to us for the most part,and neighborhood feels safe. Also nice landlords!!!"
    0
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  • Ryan D. N.
    "I've lived here for about a month so far and it seems like a quiet blue collar neighborhood with foot traffic down the road fron traveling people. "
    1
    Flag

Market trends in Springfield

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$438K
$667MoM
Sale-to-List Price
100.0%
Price per sq ft
$307
$0MoM
Available listings
227
29MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
327 6th St, Springfield, OR
0.17
Multi-Family Home
$431,000
06/22/26
3
3
1,819
650/656 F St, Springfield, OR
0.40
Multi-Family Home
$397,500
07/28/26
4
2
1,632
1233 1st St, Springfield, OR
0.79
Multi-Family Home
$560,000
05/08/26
5
3
2,364
1182 F St, Springfield, OR
0.64
Multi-Family Home
$368,878
08/14/26
2
2
1,440
410/412 W N St, Springfield, OR
1.06
Multi-Family Home
$434,500
10/01/25
8
4
3,432
1180 R St, Springfield, OR
1.35
Multi-Family Home
$639,000
08/12/26
8
8
3,604
1015 R St, Springfield, OR
1.25
Multi-Family Home
$700,000
11/07/25
8
4
3,520
1720 17th St, Springfield, OR
1.42
Multi-Family Home
$425,000
02/25/26
6
6
2,652
1390 R St, Springfield, OR
1.46
Multi-Family Home
$499,000
05/27/26
4
12
2,006
1152-1154 T St, Springfield, OR
1.45
Multi-Family Home
$490,000
05/22/26
8
4
1,916

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1110 A St, Springfield, OR 97477
0.13
-
-
-
-
Off Market
329 5th St, Springfield, OR 97477
0.15
$376,400
3
1
938
Off Market
517 C St, Springfield, OR 97477
0.16
$410,900
2
1
1,096
Off Market
343 5th St, Springfield, OR 97477
0.17
$445,000
3
1
1,716
Off Market
327 6th St, Springfield, OR 97477
0.17
$431,000
3
3
1,819
Recently Sold
646 B St, Springfield, OR 97477
0.18
$497,500
3
2
1,498
Recently Sold
639 C St, Springfield, OR 97477
0.20
$407,500
3
1
1,152
Off Market
320 C St, Springfield, OR 97477
0.21
$391,900
2
1
1,026
Off Market
428 5th St, Springfield, OR 97477
0.21
$440,000
3
2
1,408
Recently Sold
155 B St, Springfield, OR 97477
0.24
$396,300
3
1
1,268
Off Market
160 B St, Springfield, OR 97477
0.24
$302,400
2
1
832
Off Market

Price and Tax history

DateEventPrice
Jan 29, 2025
Source: RMLS (OR) #352831896
Listed For Sale
$4,950,000

LGBTQ Local Legal Protections

Kristena Cox, Windermere RE Lane County
Agent Phone: (541) 501-3399
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 Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-09-21 01:29:16 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Frequently asked questions about 488 Main St

  • What is the estimated monthly payment for 488 Main St?
    Based on a $4,950,000 list price with 20% down at today's rates, the estimated monthly payment for 488 Main St in Springfield, OR is approximately $30,214 (about $26,880 principal & interest, $3,259 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 488 Main St compare to homes in Springfield?
    488 Main St in Springfield, OR is listed at $4,950,000, about 1030% above the $438K median sale price in Springfield.
  • What do residents say about Springfield?
    Residents describe Springfield, OR as dog-friendly, pedestrian-friendly, and easy to park in. See homes for sale in Springfield, OR.
  • What are the closest schools to 488 Main St?
    The closest schools to 488 Main St in Springfield, OR are Hamlin Middle School (rated 3/10), Springfield High School (rated 4/10), Two Rivers Dos Rios Elementary School (rated 5/10).
  • Does 488 Main St have air conditioning?
    Yes, 488 Main St in Springfield, OR has air conditioning.
  • Does 488 Main St have laundry facilities?
    Yes, 488 Main St in Springfield, OR has laundry facilities.
488 Main St, Springfield, OR 97477 is a 13 bedroom, 13 bathroom, 13,408 sqft multi-family built in 2024. This property is currently available for sale and was listed by RMLS (OR) on Jan 29, 2025. The MLS # for this home is MLS# 352831896.