Two-Unit
1029-1027 W Jefferson Street, Springfield, OH 45506
For Sale
$129,900
Both residences offer two bedrooms and one bathroom, with separate gas and electric costs paid by occupants.
Property Size2,674 SF
Price / SF$48.58
Days on Market12
Property Features for 1029-1027 W Jefferson Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Coldwell Banker Heritage
Listed By:
Morgan Coles
(937) 322-0352
Source:
Exprealty
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 6 at 12:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Heritage
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with two bedrooms and one bathroom. The building totals 2,674 square feet. A furnace serving unit 1027 was replaced in 2021, and a sewer line connecting the house to the city system was installed in 2025.
The residents in unit 1027 have occupied the property since 2022 under a month-to-month tenancy; unit 1029 has been occupied since 2016. Residents cover gas and electric service, while water, trash, and mowing are owner-paid expenses.
The residents in unit 1027 have occupied the property since 2022 under a month-to-month tenancy; unit 1029 has been occupied since 2016. Residents cover gas and electric service, while water, trash, and mowing are owner-paid expenses.
Key Highlights
- 2,674‑square‑foot duplex with two 2‑bedroom, 1‑bathroom residences
- Unit 1027 has a month‑to‑month tenancy and has been occupied since 2022
- Unit 1029 has been occupied since 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,076
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,520
$181.5K
Cap Rate 7%
$129,657
$129.7K
Cap Rate 9%
$100,844
$100.8K
Market Conditions
NOI Build-Up for 2,674 SF
Gross rent
$14.1K $5.28/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$13.0K $4.85/SF
− OpEx
−$3.9K −$1.45/SF
NOI
$9.1K $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 Rate 5%
$181,520
Cap Rate 7%
$129,657
Cap Rate 9%
$100,844
Alternative Uses
Best Use
Multifamily LT 5
$129.7K
$113.5K – $151.3K
NOI $9,076 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$112.3K
$98.3K – $131.1K
NOI $7,864 @ 7.0% cap · market cap 6.05%
Theoretical Best
Specialty Retail
$745.9K
$652.6K – $870.2K
NOI $52,210 @ 7.0% cap · market cap 40.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
411
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
$101,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Springfield, OH
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and one bathroom, with separate gas and electric costs paid by occupants.
Where is this duplex located?
The property is located at 1029-1027 W Jefferson Street Springfield, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 2,674‑square‑foot duplex with two 2‑bedroom, 1‑bathroom residences; Unit 1027 has a month‑to‑month tenancy and has been occupied since 2022; Unit 1029 has been occupied since 2016
