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    1701 Lexington Ave Springfield, OH 45505

    For Sale
    $690,000

    MULTI_FAMILY - Neoclassical - Springfield, OH

    Property size:
    6,468 SF
    Days on Market:
    12
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 1701 Lexington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Window Coverings
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    340070002822200100
    Parking features
    Garage
    Interior features
    Attic
    Basement
    Unfinished, Partial
    Appliances
    Dryer, Gas Water Heater, Washer
    Size
    6,468 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1891
    Floors in Building
    2
    Number of units
    3
    Building materials
    Aluminum Siding
    Architectural style
    Neoclassical

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

    Listing agent Alva Fulk (937) 390-3119

    Listing date Dec 4, 2025

    MLS# 1034977 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

    Renovated Duplex - Self-Care Beauty Multi-Plex

    Located in the Brain All subdivision, this newly renovated duplex has been re-imagined as a Self-Care Beauty Multi-Plex. The corner property offers a blend of modern convenience and historic charm. The main level features 9 fully equipped salon suites, complete with shampoo bowls, stylish suits, and ample lighting. The interior features contemporary hard surface flooring, white trim, and sleek doors, creating a fresh, professional atmosphere. The average suite size is 9x11, with 2 larger suites measuring 11x11. One suite is currently available for a new tenant. This level also offers 2 handicap accessible bathrooms plus a large entry waiting space and an 11x11 office suite with a private entry. A 9x10 community laundry/washroom is available for suite owners. The property boasts a low 5% vacancy rate. The upper level, with outside entry, houses 3 fully rented apartments. One unit offers 2 bedrooms, 1 bath, kitchen, and living room. These units have new cabinetry, hard surface flooring, and neutral interior paint. The stairway leads to the common area used for communal laundry facilities. Off-street parking is available behind the building in a graveled lot with a back door exit. Significant improvements include new flooring in all units, updated plumbing, a new flat roof, and a new HVAC system. The property size is 6468 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mills & Co. Real ... Real Estate Developer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.7841
    Latitude
    39.917331

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    FAQs

    What type of property is this?
    Retail space - Newly renovated duplex transformed into a self-care beauty multi-plex.
    Where is this retail space located?
    The property is located at 1701 Lexington Ave Springfield, OH.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: - High Weekly Cash Flow: Proven income generation with weekly cash flow between $5637-$6425 from salon suites.; - Turn-Key Business Operation: Fully equipped and renovated Self-Care Beauty Multi-Plex ready for immediate operation.; - Multiple Income Streams: Combination of 9 salon suites and 3 apartments providing diverse revenue sources.
    (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

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    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
    1701 Lexington Ave Springfield, OH 45505
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