Duplex with Two-Car
New
For Sale
$99,000
1908 W Washington Street, Springfield, OH 45506
MULTI_FAMILY - Springfield, OH
Property Size1,702 SF
Lot Size0.12 Acres
Price / SF$58.17
Days on Market6
Property Features for 1908 W Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Basement
Partial
Subdivision
Sigler
Lot features
Residential Lot
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
GPS
Standard status
Active
APN
3400600010207018
Size
1,702 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1881
Floors in Building
2
Number of units
2
Building materials
Asbestos
Listing Agency:
Glasshouse Realty Group
(937) 949-0006
Listed By:
KD Nave
(937) 949-0006
Added: Jul 25
Changed: Jul 27
Last Checked: Jul 30 at 10:06PM
MLS# 1047291
Copyright © 2026 West Metro Board of REALTORS®. 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 at 1908 W Washington Street features both the upper and lower units completely vacant, allowing flexibility for an owner-occupant or rental arrangement. The property includes a brand-new roof, and it offers outdoor space with a backyard for everyday use. A two-car garage is also included, with convenient alley access.
Located in Springfield, Ohio (Clark County), the home is described as close to shopping, dining, and everyday amenities. The location also provides quick access to the highway, supporting day-to-day convenience for residents.
With the units currently vacant and the exterior roof improvement already in place, the property presents a straightforward opportunity for a buyer looking to place tenants as desired or occupy one unit while renting the other.
Located in Springfield, Ohio (Clark County), the home is described as close to shopping, dining, and everyday amenities. The location also provides quick access to the highway, supporting day-to-day convenience for residents.
With the units currently vacant and the exterior roof improvement already in place, the property presents a straightforward opportunity for a buyer looking to place tenants as desired or occupy one unit while renting the other.
Key Highlights
- Duplex with both upper and lower units completely vacant, offering flexibility to live in one unit and rent the other
- Brand‑new roof
- Heating includes forced air with natural gas
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.0k | $5.28 |
| − Vacancy | −$734 | −$0.43 |
| EGI | $8.3k | $4.85 |
| − OpEx | −$2.5k | −$1.45 |
| NOI | $5.8k | $3.39 |
1,702 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$82.5K
$72.2K – $96.3K
NOI $5,777 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$71.5K
$62.6K – $83.4K
NOI $5,005 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$474.7K
$415.4K – $553.9K
NOI $33,232 @ 7.0% cap · market cap 33.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 45506, OH
13,330
Population
6,613
Households
2
Avg Household Size
39
Median Age
13%
College-Educated
87%
High-School Grad
12.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$40,132
Median Household Income
$34,774
Median Earnings
$800
Median Rent
$101,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units in a duplex with a two-car garage and alley access, offering flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1908 W Washington Street Springfield, OH.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Duplex with both upper and lower units completely vacant, offering flexibility to live in one unit and rent the other; Brand‑new roof; Heating includes forced air with natural gas
