Duplex with Rear
306-308 E Northern Avenue Springfield, OH 45503
306-308 E Northern Avenue, Springfield, OH, 45503
$139,000
For Sale
$139,000
MULTI_FAMILY - Springfield, OH
Property Size1,484 SF
Lot Size0.12 Acres
Price / SF$93.67
Days on Market47
Property Features for 306-308 E Northern Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2
- Parking features
- Garage
- Basement
- Full
- Standard status
- Active
- APN
- 3400700035201032
- Size
- 1,484 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1919
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Siding
Listing Agency
Client's Choice Realty
(937) 528-1928
2310 Snyder Domer Rd., Springfield, OH
Listed by
Robert (Mike) Wade
(937) 528-1928
Added: Jun 2 Checked: Jul 18 at 1:06 pm
MLS# 1046085
Listing URL
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.
This duplex rental property offers a 1-bedroom unit on the downstairs level, with newer carpet, and a recently updated front porch featuring composite decking. The upstairs layout includes converted attic space that creates two bedrooms, with one bedroom positioned on the second floor. Outside, the backyard is fenced, with parking available to the rear.
Located at 306-308 E Northern Avenue in Springfield, Ohio (Clark County), the property’s rear parking and fenced yard support tenant convenience and day-to-day usability. The lot size is listed at 0.12 acres, and the property size is listed at 1,484 square feet.
For buyers seeking an owner-occupied or income-generating residential setup, the unit mix provides straightforward tenant accommodations: a downstairs 1-bedroom and upstairs two-bedroom configuration tied to the attic conversion. Updates to the porch and interior flooring (newer carpet) add near-term value for day-to-day maintenance and leasing readiness. The fenced backyard with rear parking is an additional practical feature for tenant use.
Located at 306-308 E Northern Avenue in Springfield, Ohio (Clark County), the property’s rear parking and fenced yard support tenant convenience and day-to-day usability. The lot size is listed at 0.12 acres, and the property size is listed at 1,484 square feet.
For buyers seeking an owner-occupied or income-generating residential setup, the unit mix provides straightforward tenant accommodations: a downstairs 1-bedroom and upstairs two-bedroom configuration tied to the attic conversion. Updates to the porch and interior flooring (newer carpet) add near-term value for day-to-day maintenance and leasing readiness. The fenced backyard with rear parking is an additional practical feature for tenant use.
Key Highlights
- Rental home built in 1919 with wood siding, natural gas forced‑air heat, and public sewer
- 1 bedroom downstairs with newer carpet
- Upstairs attic conversion adds 2 bedrooms, including 1 bedroom on the second floor
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 | $7.8k | $5.28 |
| − Vacancy | −$640 | −$0.43 |
| EGI | $7.2k | $4.85 |
| − OpEx | −$2.2k | −$1.45 |
| NOI | $5.0k | $3.39 |
1,484 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$72.0K
$63.0K – $84.0K
NOI $5,037 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$62.3K
$54.6K – $72.7K
NOI $4,364 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 20.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex configured with a 1-bedroom unit downstairs and two-bedroom space upstairs, plus fenced backyard parking in the rear.
Where is this duplex located?
The property is located at 306-308 E Northern Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Rental home built in 1919 with wood siding, natural gas forced‑air heat, and public sewer; 1 bedroom downstairs with newer carpet; Upstairs attic conversion adds 2 bedrooms, including 1 bedroom on the second floor
