Updated Two-Unit
1307 Selma Rd, Springfield, OH 45505
For Sale
$100,000
Pending
Two refreshed residences offer separate entrances, laundry hookups, and a detached garage.
Property Size2,361 SF
Days on Market51
Property Features for 1307 Selma Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Amenities
private backyard
in-unit laundry hookups
high-speed internet readiness
Building Details
Year Built
Listing Agency:
Keller Williams Community Part
(513) 438-0722
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 8:56AM
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 Keller Williams Community Part
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Investment Insights
Based on property information with market context.
Built in 1918, this 2361-square-foot duplex contains two separate residences with private front and rear entrances. The lower home includes two bedrooms, one and a half baths, and a partially finished full basement. The upper residence offers two bedrooms and one full bath. Both units feature refreshed kitchens, modern flooring, updated bathrooms, and fresh paint.
Additional property features include in-unit laundry hookups, high-speed internet readiness, a private backyard, and a two-car detached garage. Utilities are separately metered for each unit, excluding water. The property is located at 1307 Selma Rd in Springfield, Ohio, near schools and everyday amenities.
Additional property features include in-unit laundry hookups, high-speed internet readiness, a private backyard, and a two-car detached garage. Utilities are separately metered for each unit, excluding water. The property is located at 1307 Selma Rd in Springfield, Ohio, near schools and everyday amenities.
Key Highlights
- Two‑unit duplex with 2361 square feet, built in 1918
- Lower unit includes 2 bedrooms, 1.5 baths, and a partially finished full basement
- Upper unit includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,013
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,260
$160.3K
Cap Rate 7%
$114,471
$114.5K
Cap Rate 9%
$89,033
$89.0K
Market Conditions
NOI Build-Up for 2,361 SF
Gross rent
$12.5K $5.28/SF
− Vacancy
−$1.0K −$0.43/SF
EGI
$11.4K $4.85/SF
− OpEx
−$3.4K −$1.45/SF
NOI
$8.0K $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%
$160,260
Cap Rate 7%
$114,471
Cap Rate 9%
$89,033
Alternative Uses
Best Use
Multifamily LT 5
$114.5K
$100.2K – $133.6K
NOI $8,013 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$99.2K
$86.8K – $115.7K
NOI $6,943 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$658.6K
$576.2K – $768.3K
NOI $46,099 @ 7.0% cap · market cap 46.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
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Business Placement
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two refreshed residences offer separate entrances, laundry hookups, and a detached garage.
Where is this duplex located?
The property is located at 1307 Selma Rd Springfield, OH.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Two‑unit duplex with 2361 square feet, built in 1918; Lower unit includes 2 bedrooms, 1.5 baths, and a partially finished full basement; Upper unit includes 2 bedrooms and 1 full bath
