Two-Unit
For Sale
$165,000
1866 Maiden Lane, Springfield, OH 45504
Multi-Family, Springfield, OH
Property Size1,378 SF
Price / SF$119.74
Days on Market229
Property Features for 1866 Maiden Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
None
Basement
Full
Subdivision
P Lohnes
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
Bechtle Ave to Maiden Ln
Standard status
Active
APN
3400600011406008
Size
1,378 SF
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1911
Number of units
2
Listing Agency:
Always Sunny Realty, LLC
Listed By:
Sunny R Dhingra · License #2015003696
(937) 308-1122
Added: Feb 20
Changed: Sep 14
Last Checked: Oct 7 at 3:06AM
MLS# 1043873
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.
Investment Insights
Based on property information with market context.
This duplex contains 1,378 square feet arranged as two residential units. The unit mix includes one two-bedroom residence and one one-bedroom residence, providing distinct layouts within the property. Built in 1911, the building is served by natural gas forced-air heating and public sewer. No parking is included.
The property is located in Springfield, within walking distance of Snyder Park and Snyder Park Elementary School. Dining, grocery shopping, and highway access are also described as minutes away, connecting the property with everyday services and commuting routes.
The property is located in Springfield, within walking distance of Snyder Park and Snyder Park Elementary School. Dining, grocery shopping, and highway access are also described as minutes away, connecting the property with everyday services and commuting routes.
Key Highlights
- Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit
- 1,378 square feet of total property size
- Built in 1911
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,677
Cap Rate
2.83%
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 2.83%
Second Best
Apartment 5plus
$57.9K
$50.7K – $67.5K
NOI $4,052 @ 7.0% cap · market cap 2.46%
Theoretical Best
Specialty Retail
$384.4K
$336.3K – $448.4K
NOI $26,906 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
346
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a two-bedroom unit and a separate one-bedroom unit for flexible occupancy.
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 $165,000.
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 of total property size; Built in 1911
