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Washburne District Multifamily Home for Sale

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    $4,950,000 New Construction

    • 2 Beds
    • 2 Baths
    • 13,408 Sq Ft

    488 Main St, Springfield, OR 97477

    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

    Kristena Cox-Schmick Windermere RE Lane County

    488 Main St, Springfield, OR 97477

Why Live in Washburne District

The Washburne District in Springfield, Oregon, is a historic neighborhood nestled along the Willamette River, characterized by its walkable streets, charming homes, and a variety of artsy boutiques and restaurants. The area reflects Springfield's legacy as an old logging town, with Main Street and the Washburne District showcasing sturdy Craftsman bungalows, Tudor cottages, and Homestead farmhouses built by early settlers. The district's proximity to the University of Oregon, PeaceHealth Medical Group, and McKenzie-Willamette Medical Center highlights its importance in healthcare and education, employing over 15,000 people. Main Street offers diverse dining options, including Mongolian barbecue, American-Chinese takeout, Mexican taquerias, Italian pizzerias, and classic American diners, as well as grocery stores like Grocery Outlet and Main Street Market. For outdoor activities, residents can shop for kayaks, bicycles, and camping gear at Oregon WaterShed and Len’s Bikes. The neighborhood's vintage, tree-lined streets are home to older properties from the late 19th and early 20th centuries, with housing costs averaging around $400,000. Island Park, located west of downtown, provides trails, bike paths, and a gazebo, hosting summer concerts and events like the 4th of July “Light of Liberty” celebration. The West D Street Greenway extends to Alton Barker Park, offering additional trails, beaches, and playgrounds. The crime rate in the Washburne District is lower than the national average, making it a relatively safe area to live.

Home Trends in Washburne District, OR

Housing Trends

Median Sale Price
$309,900
Median Single Family Sale Price
$309,900
Average Price Per Sq Ft
$195
Number of Homes for Sale
2
Last 12 months Home Sales
6
Months of Supply
4.00
Median List Price
$339,900
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
-12%
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