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Listed by Coldwell Banker Professional
$ 450,000
Est. payment /mo
Price Dropped by $25K
993 N CLOVERLEAF LOOP Springfield, OR 97477
4 Beds
2.2 Baths
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 350046692
Bedrooms 4
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

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