Duplex with Updated
For Sale
$163,500
1143 Cedarview Drive, Springfield, OH 45503
Multi-Family, Springfield, OH
Property Size1,728 SF
Lot Size0.18 Acres
Price / SF$94.62
Days on Market192
Property Features for 1143 Cedarview Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2
Parking features
None
Basement
Full, Unfinished
Subdivision
Cedars
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
E. McCreight to Cedarview Drive
Standard status
Active
APN
3400700029101033
Size
1,728 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1938
Number of units
2
Building materials
Block
Listing Agency:
e-Merge Real Estate
Listed By:
Marla Morland
(614) 678-5505
Added: Apr 7
Changed: Sep 15
Last Checked: Oct 15 at 12:06PM
MLS# 1044777
Copyright © 2026 Western Regional Information System & 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.
Investment Insights
Based on property information with market context.
This duplex contains two matching units within a 1,728-square-foot block-built property. Each residence includes two bedrooms, one bathroom, a living room, dining room, and kitchen. A full unfinished basement provides laundry hookups. Bathroom improvements were completed less than two years ago, while flooring was replaced in the two units during 2024 and 2025. Exterior railings have also been replaced.
The property occupies 0.18 acres and was built in 1938. Heating is provided by forced-air systems, with central air conditioning and public sewer service. Residents are responsible for gas, electric, cable, and internet; ownership covers water, sewer, and trash. No parking features are listed.
The property occupies 0.18 acres and was built in 1938. Heating is provided by forced-air systems, with central air conditioning and public sewer service. Residents are responsible for gas, electric, cable, and internet; ownership covers water, sewer, and trash. No parking features are listed.
Key Highlights
- Two matching units with two bedrooms and one bathroom per unit
- 1,728 square feet on a 0.18‑acre lot
- Flooring replaced in both units during 2024 and 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,865
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,300
$117.3K
Cap Rate 7%
$83,786
$83.8K
Cap Rate 9%
$65,167
$65.2K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$9.1K $5.28/SF
− Vacancy
−$745 −$0.43/SF
EGI
$8.4K $4.85/SF
− OpEx
−$2.5K −$1.45/SF
NOI
$5.9K $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%
$117,300
Cap Rate 7%
$83,786
Cap Rate 9%
$65,167
Alternative Uses
Best Use
Multifamily LT 5
$83.8K
$73.3K – $97.8K
NOI $5,865 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$72.6K
$63.5K – $84.7K
NOI $5,082 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$482.0K
$421.7K – $562.3K
NOI $33,739 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residential units offer refreshed interiors, central air, and basement laundry hookups in a block-built property.
Where is this duplex located?
The property is located at 1143 Cedarview Drive Springfield, OH.
What is the asking price?
The asking price for this property is $163,500.
What are key features of this property?
This property features: Two matching units with two bedrooms and one bathroom per unit; 1,728 square feet on a 0.18‑acre lot; Flooring replaced in both units during 2024 and 2025
