Two-Unit Townhouse-Style
New
For Sale
$399,900
908 N CLOVERLEAF LOOP, Springfield, OR 97477
Both residences have two bedrooms, one-and-a-half bathrooms, and an attached garage.
Property Size1,972 SF
Days on Market5
Property Features for 908 N CLOVERLEAF LOOP
General Information
Standard status
Active
Size
1,972 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Property Condition
Severity
Repairs Needed
Evidence
needing TLC
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,557
Building Details
Building Size
1,972 SF
Year Built
1977
Buildings
1
Construction
townhouse style
Listing Agency:
RE/MAX Integrity
Listed By:
Michael Sims · License #910200151
(541) 510-0552
Source:
Worthlandrealestate
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 9:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Integrity
Investment Insights
Based on property information with market context.
This 1977 duplex has a townhouse-style layout, with two bedrooms in each residence. Each side includes one full bathroom upstairs, a half bath downstairs, and an attached one-car garage. The property needs attention and work.
Nearby amenities include Riverbend Hospital, grocery shopping, a movie theater, Gateway Street services, and a bus line.
Nearby amenities include Riverbend Hospital, grocery shopping, a movie theater, Gateway Street services, and a bus line.
Key Highlights
- Two residences, each with two bedrooms
- Each side has one full bathroom upstairs and a half bath downstairs
- Attached one‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,360
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,200
$387.2K
Cap Rate 7%
$276,571
$276.6K
Cap Rate 9%
$215,111
$215.1K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$29.6K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.7K $14.03/SF
− OpEx
−$8.3K −$4.21/SF
NOI
$19.4K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,200
Cap Rate 7%
$276,571
Cap Rate 9%
$215,111
Alternative Uses
Best Use
Multifamily LT 5
$276.6K
$242.0K – $322.7K
NOI $19,360 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$257.5K
$225.3K – $300.4K
NOI $18,023 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$498.9K
$436.5K – $582.0K
NOI $34,922 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 97477, OR
37,602
Population
16,572
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
3,032
Density / Sq Mi
$63,574
Median Household Income
$35,645
Median Earnings
$1,176
Median Rent
$345,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one-and-a-half bathrooms, and an attached garage.
Where is this duplex located?
The property is located at 908 N CLOVERLEAF LOOP Springfield, OR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms; Each side has one full bathroom upstairs and a half bath downstairs; Attached one‑car garage for each residence
