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    Eugene, OR Coburg, OR Creswell, OR Pleasant Hill, OR Harrisburg, OR Marcola, OR Dexter, OR Junction City, OR
    Mixed-Use Building with Retail
    Updated: Jan 28, 2025
    Mixed-Use Building with Retail

    488 Main St, Springfield, OR 97477

    $4,950,000
    13,408 sqft 0.11 AC lot
    13,408‑square‑foot mixed‑use property completed in December 2024
    12 townhouse‑style apartments located on the second floor
    Two retail spaces plus one live/work unit
    0.11‑acre site at 488 Main St, Springfield, OR 97477
    MUC zoning designation
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    This listing looks promising.

    Here's a quick look at some key insights for

    488 Main St, Springfield, OR 97477

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $186K
      Annual

    • Price @ 7% Cap

      $2.65M
      Suggested
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Springfield, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    7-Unit Apartment Building
    7-Unit Apartment Building

    340 S Main St, Lebanon, OR 97355

    $649,999
    3,349 sqft 0.24 AC lot

    Fully occupied multifamily property with a one- and two-bedroom unit mix in Lebanon.

    View details
    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    661 S Main St, Lebanon, OR 97355

    $4,750,000
    27,764 sqft 0.87 AC lot

    Downtown property combines occupied storefronts and apartments with upper floors undergoing renovation.

    View details
    8-Unit Apartment Building Near Campus
    8-Unit Apartment Building Near Campus

    1711 Patterson St, Eugene, OR 97401

    Contact for pricing
    7,944 sqft 0.20 AC lot

    Eight-unit apartment building includes 2- and 3-bedroom/loft layouts, built in 1977, with alley access and parking.

    View details
    Student Housing Apartment Complex
    Student Housing Apartment Complex

    1842 Hilyard St, Eugene, OR 97401

    Contact for pricing

    Built in 2010, the complex offers 19 two- and four-bedroom units totaling 70 beds.

    View details

    Springfield, OR Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Springfield, OR on our real estate platform. These investment opportunities span a total of 13,408 square feet of properties for sale, with an estimated market value of $4,950,000.

    Sale prices for two-family homes in Springfield, OR average $4,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 77K
    Population Growth (5Y) +0.9%
    Median Household Income $71,456
    College Educated 14.8%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97477 $5M

    Taxes & Financing

    Tax Rate (average for all types) 1.74%
    Property Tax per SF $57.87 per SF
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lane County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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