Listing Agency: Coldwell Banker Commercial Heritage A***@ColdwellBanker.com Show Phone

Listed By: Arthur Solomon · License #2014003166

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 20 at 10:17PM

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Investment Insights

Based on property information with market context.

This three-unit triplex offers a practical owner-occupant setup with two one-bedroom units and one studio unit. The studio unit is currently rented under market at $300 per month through June 1, 2026. The property is described as needing some TLC, with updates that include vinyl windows and vinyl siding.

The building is situated within minutes of downtown Springfield, OH, supporting convenient access for tenants.

As currently configured, the unit mix provides flexibility for income generation while still allowing space for an owner to occupy one of the one-bedroom units.

Key Highlights

• 3‑unit multifamily (triplex) with two one‑bedroom units and one studio unit
• Studio unit is currently rented for $300/month through June 1, 2026
• Updates include vinyl windows

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Skin Care Clinic Hair Salon Storage Facility Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

314

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

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Triplex with two one-bedroom units and one studio, with vinyl windows and vinyl siding updates.

Where is this triplex located?

The property is located at 7-11 W Mulberry Street Springfield, OH.

What are key features of this property?

This property features: 3‑unit multifamily (triplex) with two one‑bedroom units and one studio unit; Studio unit is currently rented for $300/month through June 1, 2026; Updates include vinyl windows