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Listed by Coldwell Banker Professional
$ 475,000
Est. payment /mo
New
993 N CLOVERLEAF LOOP Springfield, OR 97477
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 350046692
Year Built 1977
Annual Tax Amount $3,784
Tax Year 2025
Lot Size 7,405 Sqft
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.
Location
State OR
County Lane
Area _232
Zoning MD
Rooms
Basement Crawl Space
Interior
Heating Zoned
Cooling Window Unit
Exterior
Garage Spaces 2.0
View City, Seasonal
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Guy Lee
Middle Schools Hamlin
High Schools Springfield
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Nearby Locations
GET MORE INFORMATION
Kristen Spellman
OR & WA Residential. Commercial. Advising Realtor
+1(971) 338-0022 | kristen@pacificnwbroker.com