2-Unit
New
For Sale
$160,000
1866 Maiden Lane, Springfield, OH 45504
The layout pairs a two-bedroom residence with a separate one-bedroom unit.
Property Size1,378 SF
Price / SF$116.11
Days on Market4
Property Features for 1866 Maiden Lane
General Information
Standard status
Active
Size
1,378 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1911
Buildings
1
Listing Agency:
(937) 372-2626
Listed By:
Freddie Webb
Source:
Johnsonwebbrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:32PM
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 Freddie Webb
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2-unit duplex at 1866 Maiden Lane contains 1,378 square feet and was built in 1911. Its units have different bedroom counts: one has two bedrooms, while the other has one.
Snyder Park and Snyder Park Elementary School are within walking distance. Dining, grocery stores, and highway access are a short drive away in Springfield, Ohio.
Snyder Park and Snyder Park Elementary School are within walking distance. Dining, grocery stores, and highway access are a short drive away in Springfield, Ohio.
Key Highlights
- Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit
- 1,378 square feet
- Built in 1911
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,677
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$93,540
$93.5K
Cap Rate 7%
$66,814
$66.8K
Cap Rate 9%
$51,967
$52.0K
Market Conditions
NOI Build-Up for 1,378 SF
Gross rent
$7.3K $5.28/SF
− Vacancy
−$594 −$0.43/SF
EGI
$6.7K $4.85/SF
− OpEx
−$2.0K −$1.45/SF
NOI
$4.7K $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%
$93,540
Cap Rate 7%
$66,814
Cap Rate 9%
$51,967
Alternative Uses
Best Use
Multifamily LT 5
$66.8K
$58.5K – $78.0K
NOI $4,677 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$57.9K
$50.7K – $67.5K
NOI $4,052 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$384.4K
$336.3K – $448.4K
NOI $26,906 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The layout pairs a two-bedroom residence with a separate one-bedroom unit.
Where is this duplex located?
The property is located at 1866 Maiden Lane Springfield, OH.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit; 1,378 square feet; Built in 1911
