993 North Cloverleaf Loop

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Active
$475,000
993 N Cloverleaf Loop, Springfield, OR 97477
Est: $2,851/moGet pre-approved
Multi FamilyProperty Type
0.17 acresLot Size
1977Year Built
4 carsParking Spaces

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...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.
22 days on Market
  • Listed by: Tim Kaelin • Coldwell Banker Professional
Last updated: 09/22/2026 11:00 PM • Source: RMLS, MLS#: 350046692

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$2,851 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,536

Property Taxes

$315

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Property Information for 993 North Cloverleaf Loop

Property Details
  • Taxes: $3,785 / year
  • MLS Type: Multi Family
  • County: Lane County
  • Parking Features: Driveway, Garage
  • Zoning: MD
  • View: City, Seasonal
  • Garage Spaces: 2.00
  • Parking Total: 4.00
Building Information
  • Stories: 2
  • Residences: 2
  • Year Built: 1977
  • Lot Size: 0.17 AC / 7,405 SF
Summary
Location and General Information
  • Country: US
  • Directions: Gateway St to Oakdale Ave, left onto N Cloverleaf Loop
  • Road Surface: Paved
School Information
  • Elementary School: Guy Lee
  • High School: Springfield
  • Middle Or Junior School: Hamlin
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $3,784.90
  • Parcel Number: 1164720
  • Tax Legal Description: Tl 06200
Property
Lot Information
  • Acres: 0.17
  • Lot Description: Level
  • Lot Size Square Feet: 7405.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1977
Utilities
  • Cooling Description: Window Unit
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $33,240.00
  • Gross Income Projected: $34,200.00
  • Gross Rent Multiplier: $14.29
  • Investor Information: According To Owner
  • Net Income Actual: $29,240.00
  • Net Income Projected: 30200
  • Operating Expenses Projected: $4,000.00
  • Operating Expense: $4,000.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $1,400
  • Unit Type 1 SqFt: 986.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,450
  • Unit Type 2 SqFt: 986.0
  • Unit Type 2 Units Total: 1

Property History for 993 North Cloverleaf Loop

DateEvent & SourcePriceAppreciation
Mar 7, 2024

Sold (Public Record)

Public Record #1528110195

$382,400—
DateEvent & SourcePrice
03/07/2024

Sold (Public Record)

Public Record #1528110195

$382,400

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

Public Records for 993 North Cloverleaf Loop

Taxable ValueLand-Additions-Total-
Tax Record2025$3,785 ($315 / month)
Home Facts
Baths3Total Finished SqFt1,972 SqFtAbove Grade Finished SqFt1,972 SqFtStories2Lot Size7,601 SqFtStyleDuplexYear Built1977Year Renovated1984ZoningMDCountyLANEAPN1164720

Schools near 993 North Cloverleaf Loop

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Guy Lee Elementary School
Public - K to 5
Hamlin Middle School
Public - 6 to 8
Springfield High School
Public - 9 to 12
Academy Of Arts And Academics
Public - 9 to 12
Rating
School
Distance
Guy Lee Elementary School
PublicK to 5

Hamlin Middle School
Public6 to 8

Springfield High School
Public9 to 12

Academy Of Arts And Academics
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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More information about 993 North Cloverleaf Loop, Springfield, OR 97477

993 North Cloverleaf Loop is a multi-family home for sale in Springfield, OR 97477. This property was listed for sale on September 10, 2026 by Coldwell Banker Professional, it's currently listed at $475,000. It has been on the market for a total of 22 days and was last sold on March 7, 2024. This listing's school district is Springfield School District 19. Nearby schools include Guy Lee Elementary School, Hamlin Middle School and Springfield High School. 993 North Cloverleaf Loop is a 0-bed, 0-bath multi-family home built in 1977.

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 Coldwell Banker Professional

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: 09/22/2026 11:00 PM