Two-Story Duplex with
1501 Clifton Avenue, Springfield, OH 45505
For Sale
$159,000
Multi-Family, Springfield, OH
Property Size2,868 SF
Lot Size0.18 Acres
Price / SF$55.44
Days on Market94
Property Features for 1501 Clifton Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Fireplace
Basement
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Amenities
front porch
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Roost Real Estate Co.
Listed By:
Tina Bleything · License OH #2016002796
(937) 390-3715
Added: Aug 9
Changed: Oct 25
Last Checked: Nov 10 at 11:06PM
MLS# 1047625
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains 2,868 square feet, with each residence offering 3 bedrooms and 1 full bathroom. Both units are currently occupied. The property includes front porches, a detached garage for off-street parking, attic space, and a fireplace. Interior finishes include carpet, vinyl, and linoleum flooring, while forced-air natural gas heating and a gas water heater serve the building.
The property consists of 2 parcels totaling 0.18 acres at 1501 Clifton Avenue in Springfield, Ohio. Public sewer is available, and the building was constructed in 1928 with vinyl siding.
The property consists of 2 parcels totaling 0.18 acres at 1501 Clifton Avenue in Springfield, Ohio. Public sewer is available, and the building was constructed in 1928 with vinyl siding.
Key Highlights
- 2,868‑square‑foot two‑story duplex
- Two occupied units, each with 3 bedrooms and 1 full bathroom
- Detached garage provides off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,734
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,680
$194.7K
Cap Rate 7%
$139,057
$139.1K
Cap Rate 9%
$108,156
$108.2K
Market Conditions
NOI Build-Up for 2,868 SF
Gross rent
$15.1K $5.28/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$13.9K $4.85/SF
− OpEx
−$4.2K −$1.45/SF
NOI
$9.7K $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%
$194,680
Cap Rate 7%
$139,057
Cap Rate 9%
$108,156
Alternative Uses
Best Use
Multifamily LT 5
$139.1K
$121.7K – $162.2K
NOI $9,734 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$120.5K
$105.4K – $140.6K
NOI $8,434 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$800.0K
$700.0K – $933.3K
NOI $55,998 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
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 - Occupied two-unit property with three bedrooms per residence, front porches, and off-street parking.
Where is this duplex located?
The property is located at 1501 Clifton Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 2,868‑square‑foot two‑story duplex; Two occupied units, each with 3 bedrooms and 1 full bathroom; Detached garage provides off‑street parking
