Cozy 2-bed, 1-bath home in the heart of Independence! This single-level residence offers 560 sq ft of efficient living on a nearly 5,000 sq ft lot, making it an excellent option for first-time buyers, investors, or those looking to downsize without sacrificing outdoor space. Inside, the space has everything you need for a simple and functional lifestyle—with a practical floorplan, open kitchen, and flexible living area that can adapt to your needs. The spacious yard provides room for gardening, entertaining, or future personalization—whether it’s converting the tool shed into an outdoor kitchen or covered patio, developing the raised beds, or simply enjoying the green space. Located just blocks from Downtown Independence, this home puts you close to the Farmers Market, summer Concerts in the Park, and a variety of cafes, wine bars, and restaurants. The Willamette River and Riverview Park offer scenic views and easy access to community paths and green spaces. With low-maintenance layout, prime location, and versatile lot, this property also presents an excellent opp for Airbnb or short-term rental potential (buyer to verify local regulations). Whether you’re looking to settle in, simplify, or invest in a growing community, 488 B Street is worth a look.
Single-familyProperty Type
1960Year Built
4,791 sq ftLot Size
$574Est. Price/Sq.Ft.
Listed by Elizabeth Boisvert• eXp Realty, LLC
Contact: 541-243-2547
Bought with Robin Ramirez• Coldwell Banker Mountain West
USDA eligible, possible 100% financing or perhaps you like the potential for a short-term rental? This 2-bed, 1-bath cottage near downtown is packed with charm. Enjoy an open kitchen, smart layout, and nearly 5,000 sq ft lot—perfect for gardens, BBQs, or play. Ideal for first-time buyers, down-sizers, or low-maintenance living.
WVMLS #701040
Mar 2, 2016
Sold
$91,665
$164/sq ft
Jan 10, 2016
Listed
$94,500
$169/sq ft
WVMLS #656947
Jun 1, 2013
Listing Removed
—
Jun 1, 2013
Sold
$50,000
$89/sq ft
May 28, 2013
Contingent
—
Sep 15, 2012
Listed
$65,000
$116/sq ft
Public Records
May 6, 1980
Sold
$15,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,402 (+3.8%)
$33,130 + $43,690
$76,820
2024
$1,351 (−2.5%)
$32,170 + $42,420
$74,590
2023
$1,386 (+8.9%)
$31,240 + $41,180
$72,420
2022
$1,272 (+1.1%)
$30,340 + $39,980
$70,320
2021
$1,258 (+2.7%)
$29,460 + $38,820
$68,280
2020
$1,226 (+2.7%)
$28,610 + $37,690
$66,300
2019
$1,194 (+3.3%)
$27,780 + $36,590
$64,370
2018
$1,156 (+0.6%)
$26,970 + $35,530
$62,500
2017
$1,149 (−1.8%)
$26,190 + $34,490
$60,680
2016
$1,170 (+7.0%)
$25,430 + $33,490
$58,920
2014
$1,093 (+6.9%)
$23,970 + $31,580
$55,550
2013
$1,022 (+1.9%)
$23,270 + $30,670
$53,940
2012
$1,003 (+3.3%)
$22,590 + $29,780
$52,370
2011
$971 (+3.6%)
$21,940 + $28,910
$50,850
2010
$938 (+0.3%)
$21,300 + $28,070
$49,370
2008
$935
$20,680 + $27,260
$47,940
Tax history for 488 B St
Year
Property tax
Land + Additions
Assessment*
2025
$1,402 (+3.8%)
$33,130 + $43,690
$76,820
2024
$1,351 (−2.5%)
$32,170 + $42,420
$74,590
2023
$1,386 (+8.9%)
$31,240 + $41,180
$72,420
2022
$1,272 (+1.1%)
$30,340 + $39,980
$70,320
2021
$1,258 (+2.7%)
$29,460 + $38,820
$68,280
2020
$1,226 (+2.7%)
$28,610 + $37,690
$66,300
2019
$1,194 (+3.3%)
$27,780 + $36,590
$64,370
2018
$1,156 (+0.6%)
$26,970 + $35,530
$62,500
2017
$1,149 (−1.8%)
$26,190 + $34,490
$60,680
2016
$1,170 (+7.0%)
$25,430 + $33,490
$58,920
2014
$1,093 (+6.9%)
$23,970 + $31,580
$55,550
2013
$1,022 (+1.9%)
$23,270 + $30,670
$53,940
2012
$1,003 (+3.3%)
$22,590 + $29,780
$52,370
2011
$971 (+3.6%)
$21,940 + $28,910
$50,850
2010
$938 (+0.3%)
$21,300 + $28,070
$49,370
2008
$935
$20,680 + $27,260
$47,940
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
4,884 Sq. Ft.
Year renovated
1978
Sq. Ft.
560
Year built
1960
Style
Single Family Residential
County
Polk County
APN
203883
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
Feb 26, 2026 • Active
Residential electrical
Electrical
Sep 12, 2018 • Final
Residential electrical
Install a ductless heat pump with two electrical circuits. No electrical service or feeder work is included.
Electrical
Heat pump
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.