Residential Income
148-150 Roosevelt Drive Springfield, OH 45504
148-150 Roosevelt Drive, Springfield, OH, 45504
$250,000
For Sale
$250,000
MULTI_FAMILY - Springfield, OH
Property Size2,653 SF
Lot Size0.10 Acres
Price / SF$94.23
Days on Market107
Property Features for 148-150 Roosevelt Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 5
- Patio and Porch features
- Porch
- Basement
- Full
- Standard status
- Active
- APN
- 3400700036402033
- Size
- 2,653 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agency
RE/MAX Alliance Realty
(937) 652-1100
Listed by
V. Patrick Hamilton · License #2004002933
(937) 652-1100
Added: Apr 8 Updated: Jul 22 at 11:51AM Checked: Jul 23 at 1:06AM
MLS# 1047210
Copyright © 2026 West Metro Board of REALTORS®. 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 for-sale residential income duplex features two units under one property configuration. The asset totals 2,653 square feet on a 0.1-acre lot.
Located at 148–150 Roosevelt Drive in Springfield, Ohio 45504 within Clark County.
The property is offered as a duplex/multifamily income building and is suited for buyers seeking a small residential income asset.
Located at 148–150 Roosevelt Drive in Springfield, Ohio 45504 within Clark County.
The property is offered as a duplex/multifamily income building and is suited for buyers seeking a small residential income asset.
Key Highlights
- Year built 1921
- Vinyl siding exterior
- Heating: forced air with natural gas
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 | $14.0k | $5.28 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $12.9k | $4.85 |
| − OpEx | −$3.9k | −$1.45 |
| NOI | $9.0k | $3.39 |
2,653 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$128.6K
$112.6K – $150.1K
NOI $9,004 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$111.5K
$97.5K – $130.0K
NOI $7,802 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$740.0K
$647.5K – $863.3K
NOI $51,800 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex income property for sale in Springfield, Ohio.
Where is this duplex located?
The property is located at 148-150 Roosevelt Drive Springfield, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Year built 1921; Vinyl siding exterior; Heating: forced air with natural gas
