993 N Cloverleaf Loop, Springfield, OR 97477

Springfield
Local realty services provided by:ERA Freeman & Associates, Realtors
993 N Cloverleaf Loop,Springfield, OR 97477
$475,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tim kaelin
Office: coldwell banker professional503-538-0468
MLS#:350046692
Source:PORTLAND

Price summary

  • Price:$475,000

About this home

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...

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Home facts

  • Year built:1977
  • Listing ID #:350046692
  • Added:6 day(s) ago
  • Updated:September 17, 2026 at 11:33 AM

Rooms and interior

  • Basement Description:Crawl Space

Heating and cooling

  • Cooling:Window Unit
  • Heating:Zoned

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Lot area:0.17 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:Springfield
  • Middle school:Hamlin
  • Elementary school:Guy Lee

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$475,000
  • Tax amount:$3,785 (2025)

Parking

  • Total parking spaces:4
  • Parking description:Driveway, Garage
  • Garage spaces:2
MLS LogoAll 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 ERA Freeman & Associates, Realtors 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: September 17, 2026

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