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    400 S Arlington Ave Springfield, OH 45505

    New
    For Sale
    $189,000

    MULTI_FAMILY - Other - Springfield, OH

    Property size:
    2,344 SF
    Lot size:
    0.17 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 400 S Arlington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    3400700022123001
    Patio and Porch features
    Porch
    Fireplace
    1
    Basement
    Unfinished
    Appliances
    Range, Refrigerator
    Size
    2,344 SF
    Lot size
    0.17 Acres

    Utilities

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

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Vinyl Siding, Wood Siding
    Architectural style
    Other

    Real Estate II, Inc. (937) 390-3119 [email protected]

    Listing agent Julie Broghamer (937) 390-3119

    Listing date Dec 4, 2025

    MLS# 1042224 Listing URL

    Copyright © 2025 Western Regional Information Systems and 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.

    Overview

    Updated Duplex with High Cap

    This updated and well-maintained duplex offers a 12% cap rate, presenting an opportunity for investment or owner-occupied living with rental income. The property generates $2,400 per month in rent. Unit 400 and Unit 402 each contribute $1200 monthly. Unit 400 has 10 months remaining on its lease, while Unit 402 operates on a month-to-month basis. Each unit features updated electric panels, furnaces, and water heaters. Unit 400 includes fresh paint, new lighting, updated appliances, and a new dedicated outlet for bedroom AC. Unit 402 has been updated within the last 18 months, including a newer refrigerator and stove. Both units retain original hardwood floors, classic architectural charm, and a covered porch. The layout of each unit includes a living room, dining room, kitchen, and sunroom suitable for office space on the first floor, with 2 large bedrooms and 1 full bath on the second floor. The basement provides laundry hookups and private storage areas. Each tenant has access to one side of the garage for storage. The property includes a shared large side yard. Operating expenses are modest, with water averaging less than $100 per month and lawn care costing $40 per cut. Tenants are responsible for their own electricity, gas, and trash. The property size is 2344 square feet and the lot size is 0.17 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.777417
    Latitude
    39.916863

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    FAQs

    What type of property is this?
    Duplex - Updated duplex generating $2,400 monthly with strong cash flow.
    Where is this duplex located?
    The property is located at 400 S Arlington Ave Springfield, OH.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - High 12% Cap Rate offers strong investment potential.; - Turn-key duplex generating $2,400/month in rental income.; - Updated units with new electric panels, furnaces, and water heaters minimize maintenance costs.
    (937) 390-3119
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    Realmo Value Estimation

    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.

    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.

    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
    400 S Arlington Ave Springfield, OH 45505
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