56-Unit Garden-Style Apartment
For Sale
$3,795,000
1917-2011 Sweetbriar Ln, Springfield, OH 45505
Garden-style residential community with an established unit count and in-place income.
Property Size58,538 SF
Days on Market49
Property Features for 1917-2011 Sweetbriar Ln
General Information
Standard status
Active
Size
58,538 SF
Property subtype
Multifamily
Building Details
Building Size
58,538 SF
Year Built
1952
Stories
1
Units
56
Listed By:
Patrick Williams · License #2020005690
(937) 360-9952
Source:
Cbcworldwide
Added: Aug 20
Changed: Sep 2
Last Checked: Oct 5 at 3:05PM
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 Patrick Williams
Investment Insights
Based on property information with market context.
Sweetbriar Lane is a garden-style apartment community comprising 56 units. The property was built in 1952 and is located in Springfield, Ohio, along Sweetbriar Lane.
The community is offered as an income-producing multifamily asset with in-place income and a stated 7.50% capitalization rate. Its established unit count and garden-style configuration define the property’s operating profile.
The community is offered as an income-producing multifamily asset with in-place income and a stated 7.50% capitalization rate. Its established unit count and garden-style configuration define the property’s operating profile.
Key Highlights
- 56‑unit garden‑style apartment community
- Built in 1952
- In‑place income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,148
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,442,960
$3.4M
Cap Rate 7%
$2,459,257
$2.5M
Cap Rate 9%
$1,912,756
$1.9M
Market Conditions
NOI Build-Up for 58,538 SF
Gross rent
$342.4K $5.85/SF
− Vacancy
−$29.5K −$0.50/SF
EGI
$313.0K $5.35/SF
− OpEx
−$140.8K −$2.41/SF
NOI
$172.1K $2.94/SF
Area
Clark County, OH
Vacancy
8.60%
Lease Rate
$5.85 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,442,960
Cap Rate 7%
$2,459,257
Cap Rate 9%
$1,912,756
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,148 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.33M
$14.29M – $19.05M
NOI $1,142,957 @ 7.0% cap · market cap 30.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 45505, OH
19,708
Population
9,365
Households
2.1
Avg Household Size
38
Median Age
10%
College-Educated
84%
High-School Grad
13.6 sq mi
ZIP Area
1,449
Density / Sq Mi
$42,409
Median Household Income
$30,322
Median Earnings
$802
Median Rent
$87,500
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?
Apartment building - Garden-style residential community with an established unit count and in-place income.
Where is this apartment building located?
The property is located at 1917-2011 Sweetbriar Ln Springfield, OH.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: 56‑unit garden‑style apartment community; Built in 1952; In‑place income
