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    2111 Kenilworth Ave Springfield, OH 45505

    View on Map
    Sponsored
    Pending
    $180,000

    MULTI_FAMILY - Other - Springfield, OH

    Property size:
    1,954 SF
    Lot size:
    0.05 Acres
    Days on Market:
    21
    Last Refresh:
    Mar 16 at 3:06 am

    Property Features for 2111 Kenilworth Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    3400700022108012
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fan(s)
    Fireplace
    1
    Basement
    Full, Unfinished
    Appliances
    Range, Refrigerator
    Size
    1,954 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1916
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Broghamer

    Real Estate II, Inc. (937) 390-3119

    Listing agent Julie Broghamer (937) 390-3119

    Listing date Feb 23, 2026

    MLS# 1043510

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex with Expansion Potential

    This renovated duplex offers modern comfort and classic charm. Each unit features bright, open living spaces with stylish updates, including updated lighting, refreshed kitchens, and updated baths. Original character blends with conveniences such as replacement windows, improved mechanicals, and thoughtful storage. The property includes an inviting front porch, a cozy outdoor space, and off-street parking. Unit 2111 is a one-bedroom unit with hardwood floors, an original decorative fireplace, a large bedroom, and an eat-in kitchen. Tenants have direct access to the basement for laundry and storage. The current rent is $660 per month. Unit 2115 spans the second floor and finished attic level, offering living space with hardwood floors, a generous eat-in kitchen with pantry, and two bedrooms on the main level, plus additional closets. The finished attic provides a third bedroom, a large walk-in closet, and a substantial unfinished area that could be finished for even more living space. This unit has an additional staircase to access the basement with laundry. The current rent is $1100. To the rear of the property is a two-car garage that could be used for tenant parking or rented for additional income. The property is located in Springfield, OH, within Clark County. The lot size is 0.05 acres, and the property size is 1954 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.778018
    Latitude
    39.920129

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    FAQs

    What type of property is this?
    Duplex - Updated duplex with upside, off-street parking, and expansion potential.
    Where is this duplex located?
    The property is located at 2111 Kenilworth Ave Springfield, OH.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Renovated duplex blending modern updates with original character, ideal for owners or investors.; - Unit 2115 features significant expansion potential with a finished attic, offering space for a second full bath.; - Immediate rental income opportunity with below-market rent in Unit 2111 and upcoming vacancy in Unit 2115 for higher market rent.
    (937) 390-3119
    Request Owner's contact information
    2111 Kenilworth Ave Springfield, OH 45505
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    Springfield, OH 45505
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2111 Kenilworth Ave Springfield, OH 45505
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    Listing Contact
    Julie Broghamer
    (937) 390-3119
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