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.
Downtown Springfield, located between the Willamette River and I-5, is a historic and walkable Springfield neighborhood with brick storefront blocks and a river-adjacent civic core. The neighborhood’s character concentrates around Main Street and 5th Street, where murals, independent cafes, taprooms, and small galleries line the sidewalks. The Wildish Theater anchors the arts calendar, while PublicHouse and Plank Town Brewing Company act as social pillars in restored industrial spaces. Early-20th-century commercial facades mix with midcentury civic buildings and newer infill. Island Park frames the river edge with open lawns and event space. A compact street grid links shops, studios, and public services in a single, legible district.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Individual storage units
Deck
Handicap access
Fire sprinkler system
Fire escape
Entry security
Bedrooms
Multiple unit mix: one-bedroom units (various layouts)
Bathrooms
One bathroom in the 1-bed and 2-bed unit types
Kitchen
Dishwasher
Refrigerator
Laundry & utility
On-site laundry (community feature)
Heating & cooling
Heat pump for heating
Heat pump for cooling
Tankless hot water with recirculating system
Exterior features
Brick exterior
City and mountain views
Concrete road frontage
All landscaping
Home design
Multi-family building
New construction
Corner location (5th & Main)
Parking
Off-site parking
Security
Entry control
Fire escape
Fire sprinkler system
Handicap access
Construction
Built in 2024
Membrane roof
Slab foundation
Utilities
Public water
Public sewer
Electricity
HOA & community
Laundry available
All landscaping maintained
Financial info
Rent includes water, sewer and trash
Property contains 15 total units
Unit mix and current rents: 12 one-bedroom units (approx. 600 ft²) renting at $1,550; 1 one-bedroom unit (approx. 689 ft²) renting at $1,702; 1 unit (approx. 816 ft²) renting at $2,038; 1 larger unit (approx. 2,596 ft²) renting at $6,490
Other
Zoned MUC
Electricity and solar
View estimated energy costs and solar savings for this home