Updated Duplex with Dual 3-Bed
117-119 East Cecil Street Springfield, OH 45504
117-119 East Cecil Street, Springfield, OH, 45504
$220,000
For Sale
$220,000
Renovated duplex features two units, each with three bedrooms and one and one-half bathrooms.
Property Size2,770 SF
Price / SF$79.42
Days on Market54
Property Features for 117-119 East Cecil Street
General Information
- Standard status
- Active
- Size
- 2,770 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1901
Listing agency
The Westwood Real Estate Co.
(614) 517-8755
Listed by
Sonia DeBernardo · License #2017000061
(614) 517-8755
Source
Compass
Added: May 30 Updated: Jul 21 at 3:54PM Checked: Jul 21 at 3:54PM
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 The Westwood Real Estate Co.
Investment Insights
Based on property information with market context.
This updated duplex has been renovated and is ready to generate rental income. The property is set up as two separate units, and each unit offers three bedrooms plus one and one-half bathrooms, providing a consistent layout across both residences.
The duplex is located at 117-119 East Cecil Street in Springfield, Ohio 45504. The configuration is well-suited for investors looking for a straightforward two-unit structure.
Because both units share the same bedroom and bathroom count, the property provides a repeatable floor plan while keeping the overall operating setup within a duplex framework.
The duplex is located at 117-119 East Cecil Street in Springfield, Ohio 45504. The configuration is well-suited for investors looking for a straightforward two-unit structure.
Because both units share the same bedroom and bathroom count, the property provides a repeatable floor plan while keeping the overall operating setup within a duplex framework.
Key Highlights
- Renovated duplex with two units
- Each unit has 3 bedrooms and 1.5 bathrooms
- Central air and forced‑air gas heating
Local Financial Insights For Multifamily LT 5
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 | $14.6k | $5.28 |
| − Vacancy | −$1.2k | −$0.43 |
| EGI | $13.4k | $4.85 |
| − OpEx | −$4.0k | −$1.45 |
| NOI | $9.4k | $3.39 |
2,770 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$134.3K
$117.5K – $156.7K
NOI $9,401 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$116.4K
$101.8K – $135.8K
NOI $8,146 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$772.6K
$676.1K – $901.4K
NOI $54,084 @ 7.0% cap · market cap 24.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex features two units, each with three bedrooms and one and one-half bathrooms.
Where is this duplex located?
The property is located at 117-119 East Cecil Street Springfield, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Renovated duplex with two units; Each unit has 3 bedrooms and 1.5 bathrooms; Central air and forced‑air gas heating
