Two-Unit
For Sale
$159,000
1725-1727 W High Street, Springfield, OH 45506
Multi-Family, Springfield, OH
Property Size2,868 SF
Lot Size0.18 Acres
Price / SF$55.44
Days on Market47
Property Features for 1725-1727 W High Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4
Fireplace
1
Basement
Block
Appliances
Range, Refrigerator
Lot features
Residential Lot
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
Bechtle Ave to W High St.
Subdivision
014 S OF MAIN / W OF LIMESTONE
Standard status
Active
APN
3400600010209002
Size
2,868 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1917
Floors in Building
2
Number of units
2
Flooring type
Wood, Vinyl, Laminate
Building materials
Aluminum Siding, Vinyl Siding
Listing Agency:
Roost Real Estate Co.
Listed By:
Tina Bleything · License #2016002796
(937) 390-3715
Added: Aug 9
Changed: Sep 13
Last Checked: Sep 24 at 1:06AM
MLS# 1047668
Copyright © 2026 Western Regional Information System & Technology, Inc. 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.
This two-unit residential property contains 2,868 square feet across a duplex configuration built in 1917. The interiors include six bedrooms and two bathrooms overall, with vinyl, wood, and laminate flooring. Each unit is equipped with a range and refrigerator, while forced-air natural-gas heating serves the property. A fireplace is also present. One unit requires TLC, while the other may be livable in its current condition.
Located at 1725-1727 W High Street in Springfield, Ohio, the property sits on a 0.18-acre lot and is connected to public sewer service. Aluminum and vinyl siding complete the exterior. The duplex offers a straightforward residential income property format with existing building improvements and two-unit functionality.
Located at 1725-1727 W High Street in Springfield, Ohio, the property sits on a 0.18-acre lot and is connected to public sewer service. Aluminum and vinyl siding complete the exterior. The duplex offers a straightforward residential income property format with existing building improvements and two-unit functionality.
Key Highlights
- 2,868‑square‑foot duplex on a 0.18‑acre lot
- Six bedrooms and two bathrooms overall
- Built in 1917 with aluminum and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,734
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$194,680
$194.7K
Cap Rate 7%
$139,057
$139.1K
Cap Rate 9%
$108,156
$108.2K
Market Conditions
NOI Build-Up for 2,868 SF
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.
Gross rent
$15.1K $5.28/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$13.9K $4.85/SF
− OpEx
−$4.2K −$1.45/SF
NOI
$9.7K $3.39/SF
Area
Clark County, OH
Vacancy
8.17%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$194,680
Cap Rate 7%
$139,057
Cap Rate 9%
$108,156
Alternative Uses
Best Use
Multifamily LT 5
$139.1K
$121.7K – $162.2K
NOI $9,734 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$120.5K
$105.4K – $140.6K
NOI $8,434 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$800.0K
$700.0K – $933.3K
NOI $55,998 @ 7.0% cap · market cap 35.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 45506, OH
13,330
Population
6,613
Households
2
Avg Household Size
39
Median Age
13%
College-Educated
87%
High-School Grad
12.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$40,132
Median Household Income
$34,774
Median Earnings
$800
Median Rent
$101,000
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 Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Established duplex with separate units, residential-scale layouts, and public sewer service.
Where is this duplex located?
The property is located at 1725-1727 W High Street Springfield, OH.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 2,868‑square‑foot duplex on a 0.18‑acre lot; Six bedrooms and two bathrooms overall; Built in 1917 with aluminum and vinyl siding
