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993 N Cloverleaf Loop, Springfield, OR 97477

$450,000
  • —

    bed

  • —

    bath

Multi-family for sale 40 days
$25K price drop

About 993 N Cloverleaf Loop

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 7,405 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Turnkey investment opportunity in a prime Springfield location! Ideally situated within walking distance of Gateway Mall with quick and convenient access to I-5, this fully occupied duplex offers strong rental performance and an attractive 6.16% cap rate. Each spacious unit features 2 bedrooms, 1.5 bathrooms, and approximately 986 square feet of comfortable living space. Both units include an attached one-car garage, plus long driveways providing ample additional off-street parking. Each side also enjoys its own private fenced backyard, with additional land extending beyond the fenced areas. With a strong occupancy history, solid market rents, and tenants responsible for all utilities, this property is positioned as a low-maintenance addition to an investment portfolio. The functional layouts, individual garages, private outdoor spaces, and convenient location help support long-term tenant appeal and rental demand. Excellent proximity to shopping, dining, services, and major transportation routes makes this an attractive rental location in the Eugene-Springfield market. Property is fully occupied. Please do not disturb tenants. Contact your agent for additional information, rental details, and showing instructions.
Listed by
Listing Agent - Tim Kaelin
Listing Office - Coldwell Banker Professional
Source: RMLS mls logo
MLS#350046692 • last updated 1 week ago
Movoto checked RMLS for data 6 minutes ago
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Overview
Cooling/AC Window Unit(s)
Heating Zoned
MLS # 350046692
Type Multi Family
Status Active
Lot Size (SqFt) 7405
Lot Size (Acres) 0.17
Property Tax 3784.9
Year Built 1977
Exterior
Roof Composition
# Parking Spaces 4
# Garage Spaces 2
Exterior Features Wood Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View City, Seasonal
County Lane
Area 232 - Lane Co: Hayden Bridge
Elementary School Guy Lee
Middle School Hamlin
High School Springfield
Zoning MD
Directions Gateway St To Oakdale Ave, Left Onto N Cloverleaf Loop
APN 1164720
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1400
Unit Type 2: Rent 1450
Total # of Units 2
Gross Rent Multiplier 13.54
Operating Expense Scheduled 4000
Net Operating Income 29240
Operating Expense 4000
Gross Scheduled Income 34200
Gross Income 33240
Cap Rate 6.5
Net Scheduled Income 30200
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

Around Gateway

Explore everything this neighborhood has to offer. Learn more about Gateway.
61/100
Walk
73/100
Family
75/100
Dining
90/100
Pet
  • Real Estate
  • OR
  • Lane County
  • Springfield
  • 97477
  • Gateway
  • 993 N Cloverleaf Loop

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