Side-by-Side
1508 Maiden Ln, Springfield, OH 45504
For Sale
$154,900
Each residence offers two bedrooms and one bathroom, with one side recently renovated.
Property Size2,384 SF
Price / SF$64.97
Days on Market15
Property Features for 1508 Maiden Ln
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Listing Agency:
Coldwell Banker Heritage
Listed By:
Morgan Coles
(937) 322-0352
Source:
Exprealty
Added: Oct 27
Changed: Nov 10
Last Checked: Nov 10 at 2:18PM
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 Coldwell Banker Heritage
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Investment Insights
Based on property information with market context.
This 2,384-square-foot duplex is arranged as two side-by-side residences, each with two bedrooms and one bathroom. One side has undergone a recent renovation. The other has a long-term tenant who would like to remain on a month-to-month agreement.
Improvements include a furnace installed in one residence in May 2026, sump pumps on both sides, and a roof replaced in 2019.
Improvements include a furnace installed in one residence in May 2026, sump pumps on both sides, and a roof replaced in 2019.
Key Highlights
- 2,384‑square‑foot duplex with two side‑by‑side residences
- Two bedrooms and one bathroom in each residence
- One side recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,091
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,820
$161.8K
Cap Rate 7%
$115,586
$115.6K
Cap Rate 9%
$89,900
$89.9K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$12.6K $5.28/SF
− Vacancy
−$1.0K −$0.43/SF
EGI
$11.6K $4.85/SF
− OpEx
−$3.5K −$1.45/SF
NOI
$8.1K $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%
$161,820
Cap Rate 7%
$115,586
Cap Rate 9%
$89,900
Alternative Uses
Best Use
Multifamily LT 5
$115.6K
$101.1K – $134.9K
NOI $8,091 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$100.2K
$87.6K – $116.9K
NOI $7,011 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$665.0K
$581.9K – $775.8K
NOI $46,548 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
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Business Placement
Demographics for 45504, OH
17,343
Population
7,100
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
22.0 sq mi
ZIP Area
788
Density / Sq Mi
$67,334
Median Household Income
$38,813
Median Earnings
$889
Median Rent
$167,700
Median Home Value
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Market
Average Price Trend$/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 - Each residence offers two bedrooms and one bathroom, with one side recently renovated.
Where is this duplex located?
The property is located at 1508 Maiden Ln Springfield, OH.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: 2,384‑square‑foot duplex with two side‑by‑side residences; Two bedrooms and one bathroom in each residence; One side recently renovated
