993 N CLOVERLEAF LOOP Springfield, OR $ 475,000
993 N CLOVERLEAF LOOP
$ 475,000
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993 N CLOVERLEAF LOOP

Springfield, OR, 97477
$ 475,000
Bedrooms4 Baths4.0

Monthly Estimate*

$ 2,999

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Multi-Family Home for sale in Springfield, OR

for $475,000 with 4 bedrooms and 4 full baths. This home was built in 1977 on a lot size of 0.17.

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.

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Multi-Family Active

Price

$ 475,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,784

Style

Lot Size

0.17

Year Built

1977

Town/City

Springfield

County/Region

Lane

MLS | Web ID

350046692

Features
General
Sewer PublicSewer
Heating Zoned
Cooling WindowUnit
Roof Composition
Zoning MD
Garage Spaces 2.0
Year Built 1977
Stories Count 2
Tax Year 2025
Parcel Number 1164720
Gross Income 33240.0
County Lane
Net Operating Income 29240.0
Operating Expense 4000.0
Property Type MultiFamily
HOA N
Rent Includes None
Status Active
Directions Gateway St to Oakdale Ave left onto N Cloverleaf Loop
High School Springfield
City Springfield
Disclosures Disclosure
Number Of Units Total 2
MLS Area _232
Lot Size Square Feet 7405.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Guy Lee
Tax Annual Amount 3784.9
Middle/Junior High School Hamlin
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description Tl 06200
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Interior
Basement CrawlSpace
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Driveway Garage
Lot Features Level
Water Source PublicWater
Total Parking 4.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Lot Size Acres 0.17
Road Surface Type Paved
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Internal Only
Street Number 1 993
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* Excluded Features
List By
Coldwell Banker Professional

Broker

realtortimkaelin@gmail.com

Email

Affordability Calculator

$3,315
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,999
Monthly Property Taxes
$315
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950616 Elementary School
1948898 Middle School
Springfield High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2026$475,000 Listed Price

Map


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993 N CLOVERLEAF LOOP, Springfield, OR, 97477 is a Multi-Family Home for sale at $475,000 with a lot size of 0.17. 993 N CLOVERLEAF LOOP has 4 bedrooms, 4.0 baths, and was built in 1977. The property's zip code is 97477 which is in Springfield, OR