Springfield Duplex: Investment
337 Fair Street Springfield, OH 45506
For Sale
$80,000
Pending
MULTI_FAMILY - Springfield, OH
Property Size2,296 SF
Lot Size0.08 Acres
Days on Market78
Property Features for 337 Fair Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1
- Parking features
- None
- Basement
- Full
- Standard status
- Pending
- APN
- 3400700034302004
- Size
- 2,296 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
Building Details
- Year built
- 1881
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing Agency:
Glasshouse Realty Group
(937) 949-0006
Listed By:
Nicole Harris
(937) 949-0006
Added: May 7
Changed: Jul 12
Last Checked: Jul 23 at 12:06PM
MLS# 1045522
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 in Springfield, OH, presents an investment opportunity. The property includes one tenant-occupied unit, offering immediate rental income. The other unit is currently vacant and available for a new tenant or owner-occupant. The property, situated on a 0.08-acre lot, has a total area of 2296 square feet. Light cosmetic updates could increase the property's value and maximize returns. This property is suitable for house hacking or expanding an investment portfolio.
Key Highlights
- Duplex built in 1881 with vinyl siding
- One unit is tenant‑occupied for immediate rental income; the other unit is vacant
- Public sewer connection
Financial Insights For Apartment 5plus
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 | $13.4k | $5.85 |
| − Vacancy | −$1.2k | −$0.50 |
| EGI | $12.3k | $5.35 |
| − OpEx | −$5.5k | −$2.41 |
| NOI | $6.8k | $2.94 |
2,296 SF · lease $5.85/SF/yr · vacancy 8.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$111.3K
$97.4K – $129.9K
NOI $7,793 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$96.5K
$84.4K – $112.5K
NOI $6,752 @ 7.0% cap · market cap 8.44%
Theoretical Best
Specialty Retail
$640.4K
$560.4K – $747.2K
NOI $44,830 @ 7.0% cap · market cap 56.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with tenant-occupied unit, vacant unit, investment potential.
Where is this duplex located?
The property is located at 337 Fair Street Springfield, OH.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Duplex built in 1881 with vinyl siding; One unit is tenant‑occupied for immediate rental income; the other unit is vacant; Public sewer connection
