488 B Street

Sold 3/6/26
Sold 3/6/26
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Listed by Elizabeth Boisvert - eXp Realty, LLC - C: (541) 243-2547
Sold
Last Sold Price
$275,000
2 beds560 sqft
488 B St, Independence, OR 97351
Single FamilyProperty Type
0.11 acresLot Size
1960Year Built
$491/sq ftPrice per sq ft

Description

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,...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.
  • Listed by: Elizabeth Boisvert • eXp Realty, LLC 541-243-2547
Listing closed: 03/06/2026 12:00 AM • Source: RMLS, MLS#: 212033721

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Recent comparable sales

Median sold price

$325,000

Avg days on market

87

Sale-to-list ratio

96.0%

Independence, OR

9 comparable properties found

$290,000 | 562 South 4th Street, Independence, OR 97351
1/12
1

$290,000

Sold 08/28/25

2
Bedrooms
932
Square Feet
0.23
Acres

562 South 4th Street, Independence, OR 97351

$277,810 | 1135 Monmouth Street, Independence, OR 97351
1/21
2

$277,810

Sold 05/20/26

2
Bedrooms
1,008
Square Feet
0.16
Acres

1135 Monmouth Street, Independence, OR 97351

a house view with a garden space
1/26
3

$325,000

Sold 12/27/24

2
Bedrooms
849
Square Feet
0.18
Acres

191 Picture Street, Independence, OR 97351

$355,000 | 632 South 13th Street, Independence, OR 97351
1/34
4

$355,000

Sold 07/22/26

2
Bedrooms
975
Square Feet
0.19
Acres

632 South 13th Street, Independence, OR 97351

$365,000 | 212 Picture Street, Independence, OR 97351
1/35
5

$365,000

Sold 06/17/26

2
Bedrooms
1,241
Square Feet
0.15
Acres

212 Picture Street, Independence, OR 97351

$380,000 | 1380 Monmouth Street, Independence, OR 97351
1/27
6

$380,000

Sold 12/01/25

2
Bedrooms
1,054
Square Feet
0.2
Acres

1380 Monmouth Street, Independence, OR 97351

$41,000 | 1220 Monmouth Street, Independence, OR 97351
1/24
7

$41,000

Sold 02/12/25

2
Bedrooms
624
Square Feet
Unavailable
Acres

1220 Monmouth Street, Independence, OR 97351

8

$325,000

Sold 08/08/25

2
Bedrooms
1
Bathrooms
768
Square Feet
0.12
Acres

520 North Main Street, Independence, OR 97351

a front view of a house with garden
1/2
9

$375,000

Sold 03/13/26

3
Bedrooms
1,387
Square Feet
0.23
Acres

368 South 6th Street, Independence, OR 97351

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Listing Courtesy of eXp Realty, LLC

Sold By Coldwell Banker Mountain West

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Principal and Interest

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Property Taxes

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Property Information for 488 B Street

Property Details
  • Taxes: $1,351 / year
  • MLS Type: Residential / Single Family Residence
  • County: Polk County
  • Style: Stories1
  • Parking Features: Driveway, On Street
  • Zoning: RS
  • Garage Spaces: .00
  • Parking Total: .00
Building Information
  • Stories: 1
  • Year Built: 1960
  • Lot Size: 0.11 AC / 4,791 SF
Summary
Location and General Information
  • Country: US
  • Directions: S 4th St
  • Road Surface: Paved
School Information
  • Elementary School: Independence
  • High School: Central
  • Middle Or Junior School: Talmadge
Taxes and HOA
  • HOA Y/N: No
  • Tax Year: 2024
  • Tax Annual Amount: $1,351.04
  • Parcel Number: 203883
  • Tax Legal Description: 44.853247°/-123.190209°
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Corner Lot, Trees
  • Lot Size Square Feet: 4791.0
  • Senior Housing Y/N: No
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
  • SqFt Source: County
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Resale
  • Year Built: 1960
Utilities
  • Cooling Description: Mini Split
  • Fuel Description: Electricity
  • Heating Description: Forced Air, Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Exterior Features: Covered Deck, Outbuilding, Porch, Raised Beds, RVParking, RVBoat Storage, Storm Door, Tool Shed, Yard
  • Roof Type: Composition, Shingle
  • Construction Materials: Lap Siding
  • Existing Structures Description: Shed(s)
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Window Features: Double Pane Windows
  • Interior Features: Ceiling Fan, Cork Floor, Quartz
  • SqFt Calculated: 560
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 560
  • SqFt Upper Level Total: 0
  • Bedrooms Total: 2
  • Stories: 1
  • Baths Total: 1.0
  • Heating: Yes
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Main
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Level: Main
Dining Room
  • Room Description: Dining Room
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Dishwasher, Disposal, Free Standing Refrigerator
  • Kitchen Room Level: Main
Living Room
  • Room Description: Living Room
  • Living Room Level: Main
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 1
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 1.0
  • Bathrooms Full: 1
  • Baths Partial: 0
  • Total Bathrooms: 1
  • Baths Upper Leve lFull: 0
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 0.0
Condominium
Condominium Information
  • Condo Total Levels: 1
Amenities
Amenities Information
  • Internet Service Type: Fiber Optics
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 560

Property History for 488 B Street

DateEvent & SourcePriceAppreciation
Mar 5, 2026

Sold (Public Record)

Public Record #1930482338

$275,000

+11.6% / yr

Feb 25, 2016

Sold (Public Record)

Public Record #566233238

$91,665—
DateEvent & SourcePrice
03/05/2026

Sold (Public Record)

Public Record #1930482338

$275,000

+11.6% / yr

02/25/2016

Sold (Public Record)

Public Record #566233238

$91,665

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 488 B Street

Taxable ValueLand$33,130Additions$43,690Total$76,820
Tax Record2025$1,402 ($117 / month)
Home Facts
Beds2Baths1Total Finished SqFt560 SqFtAbove Grade Finished SqFt560 SqFtStories1Lot Size4,792 SqFtStyleSingle Family ResidenceYear Built1960Year Renovated1978ZoningRSCountyPOLKAPN08428-BA-13700

Schools near 488 B Street

This home is within Central School District 13j.
Rating
School
Type
Grades
Distance
Independence Elementary School
Public - K to 5
Talmadge Middle School
Public - 6 to 8
Central High School
Public - 9 to 12
Rating
School
Distance
Independence Elementary School
PublicK to 5

Talmadge Middle School
Public6 to 8

Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 488 B Street, Independence, OR 97351
$275,000
2
560
4,791
462 B Street, Independence, OR 97351
$50,000
3
1
1,079
14,810
150 South 4th Street, Independence, OR 97351
–
–
–
–
50,530
88 South 4th Street, Independence, OR 97351
$495,000
3
1,742
10,018
66 South 4th Street, Independence, OR 97351
–
3
1
1,853
10,019
20 South 4th Street, Independence, OR 97351
$235,000
4
2
2,912
13,504

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 03/09/2026 09:40 PM