Updated 2-Unit
1832 Warder St, Springfield, OH 45503
For Sale
$154,900
Fully occupied duplex with refreshed interiors and separately metered tenant-paid utilities.
Property Size2,116 SF
Price / SF$73.20
Days on Market54
Property Features for 1832 Warder St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Tenancy
Listing Agency:
Keller Williams Community Part
(513) 438-0722
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 6 at 8:57AM
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 1908, this 2,116-square-foot duplex contains two upstairs bedrooms and one bathroom in each unit. The property is fully occupied, with interior improvements that include new flooring, a kitchen update, a water heater, and a furnace. The house and garage received a new roof and gutters approximately 1 year ago.
Tenants pay gas, electric, and trash services, while the landlord covers water. The property is located at 1832 Warder St in Springfield, Ohio, and showings require a minimum of 48 hours' notice.
Tenants pay gas, electric, and trash services, while the landlord covers water. The property is located at 1832 Warder St in Springfield, Ohio, and showings require a minimum of 48 hours' notice.
Key Highlights
- Fully occupied duplex with two bedrooms and one bathroom in each unit
- 2,116 square feet across two residential units
- Updated kitchen, flooring, water heater, and furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,182
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,640
$143.6K
Cap Rate 7%
$102,600
$102.6K
Cap Rate 9%
$79,800
$79.8K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$11.2K $5.28/SF
− Vacancy
−$913 −$0.43/SF
EGI
$10.3K $4.85/SF
− OpEx
−$3.1K −$1.45/SF
NOI
$7.2K $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%
$143,640
Cap Rate 7%
$102,600
Cap Rate 9%
$79,800
Alternative Uses
Best Use
Multifamily LT 5
$102.6K
$89.8K – $119.7K
NOI $7,182 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$88.9K
$77.8K – $103.7K
NOI $6,223 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$590.2K
$516.4K – $688.6K
NOI $41,315 @ 7.0% cap · market cap 26.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
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Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
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Market
Average Price Trend$/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 - Fully occupied duplex with refreshed interiors and separately metered tenant-paid utilities.
Where is this duplex located?
The property is located at 1832 Warder St 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: Fully occupied duplex with two bedrooms and one bathroom in each unit; 2,116 square feet across two residential units; Updated kitchen, flooring, water heater, and furnace
