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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 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.
Multi-familyProperty Type
1977Year Built
7,405 sq ftLot Size
2 garage spacesParking
Listed by Tim Kaelin• Coldwell Banker Professional
Gateway, located between Interstate 5 and the McKenzie River, is a residential and commercial Springfield neighborhood with big-box corridors and pocket parks. The neighborhood’s energy concentrates around the Gateway Street and Beltline Road area, where auto-oriented storefronts, service shops, and everyday errands cluster along wide arterials. Housing trends toward mid-century ranches and newer subdivisions set on curving streets and cul-de-sacs. River-adjacent paths and greenbelts shape a weekend rhythm of walks and bike rides. The Shoppes at Gateway and Cinemark Eugene Springfield 17 act as familiar gathering points for dining and movies. Nearby trail connections and sports fields add an outdoors-forward backdrop.
Provided by Walk Score and Local Logic
Offer insights
993 N Cloverleaf Loop · $450,000
$451K and above
75% chance or better to win
Why $451K+ is a strong offer
DAYS ON MARKET
27 days
The average home goes pending in 129 days.
SALE-TO-LIST
104.5%
Most homes are selling 5% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Garage storage
Crawl space basement
Bedrooms
Two 2-bedroom units (each unit has 2 bedrooms)
Bathrooms
Each unit has 2 bathrooms
Kitchen
Each unit includes a range, refrigerator, and dishwasher
Laundry & utility
Each unit has washer/dryer hookups
Electric hot water
Heating & cooling
Zoned heating
Window air conditioning units
Exterior features
Level lot
Paved road access
City and seasonal views
Wood siding
Home design
Multi-family property
Not attached to another building
Built in 1977
Existing condition
Parking
Driveway
Garage
Total parking for 4 vehicles
2-car garage
Construction
Composition roof
Concrete perimeter foundation
Wood siding construction
Utilities
Public water
Public sewer
Electric service
HOA & community
Zoning: MD
Financial info
Two-unit property
Unit rents: $1,400 and $1,450
Gross rent multiplier: 14.29
Cap rate: 6.16
Other
Parcel number 1164720
Electricity and solar
View estimated energy costs and solar savings for this home
Townhouse style duplex in convenient Springfield location! Located close to Riverbend hospital, Gateway Street amenities, the Shoppes of Gateway, restaurants, grocery, movie theater, bus line, highways and more. Each unit has two bedrooms, 1 bathroom upstairs and 1/2 bath downstairs, attached 1-car garage on both sides. Perfect for an owner occupied or an investor. Backyard is fenced but the property line extends almost to the path. Potential for an additional building making this lot a triplex lot.
Public Records
Jan 7, 1994
Sold
$89,500
Public Records
Apr 20, 1992
Sold
$43,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,785 (+1.6%)
2024
$3,724 (+4.4%)
2023
$3,565 (+3.4%)
2022
$3,449 (+1.8%)
2021
$3,387 (+3.0%)
2020
$3,288 (+3.1%)
2019
$3,189 (+6.1%)
2018
$3,006 (+4.0%)
2017
$2,891 (+2.2%)
2016
$2,829 (+2.9%)
2015
$2,749 (+1.6%)
2014
$2,707 (+2.0%)
2013
$2,655 (+10.2%)
2012
$2,409 (+2.8%)
2011
$2,345 (+2.9%)
2010
$2,278 (+2.6%)
2009
$2,221
Public record
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
1984
Finished Sq. Ft.
1,972
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,972
Year built
1977
Style
Single Family Residential
County
Lane County
APN
1164720
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 2026.
Climate risks
4/10 Flood Factor
Estimated 14-22% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
15 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Springfield, OR • 97477
Average low and high temperatures (°F)
47
33
51
37
59
42
64
43
70
48
78
52
85
56
86
58
77
54
64
45
53
42
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 14% for direct sun exposure in Springfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 993 N Cloverleaf Loop
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $427,900 and $625,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $428K to $625K.