1143 Cedarview Drive Springfield, OH 45503
MULTI_FAMILY - Springfield, OH
Property Features for 1143 Cedarview Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1
- Parking features
- None
- Basement
- Unfinished, Full
- Standard status
- Active
- APN
- 3400700029101033
- Size
- 1,728 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1938
- Number of units
- 2
- Building materials
- Block
Listing agent Marla Morland (614) 678-5505
Listing office e-Merge Real Estate 62 S Main St., Springboro, OH (614) 678-5505
Listing date Apr 7, 2026
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Recent updates include bathroom updates completed less than two years ago, new outside railings, and new flooring in both units during 2024 and 2025.
Operating expenses are structured with tenants paying gas, electric, cable, and internet, while the owner/seller pays water/sewer and trash. The current rent is stated as $850 per side.
Key Highlights
- Brick double with 2 bedrooms and 1 bathroom per unit, plus living room, dining room, and kitchen
- Full unfinished basement with laundry hookup
- Bathroom updates completed less than 2 years ago
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.1k | $5.28 |
| − Vacancy | −$745 | −$0.43 |
| EGI | $8.4k | $4.85 |
| − OpEx | −$2.5k | −$1.45 |
| NOI | $5.9k | $3.39 |
