Fully Occupied
204 W Johnny Lytle Avenue Springfield, OH 45506
For Sale
$144,500
MULTI_FAMILY - Springfield, OH
Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$46.92
Days on Market59
Property Features for 204 W Johnny Lytle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Basement
Full
Appliances
Range, Refrigerator
Standard status
Active
APN
3400700034326019
Size
3,080 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1919
Floors in Building
2
Number of units
4
Flooring type
Hardwood
Listing Agency:
Chosen Real Estate Group
(330) 249-3499
Listed By:
Nicholas Huscroft · License #C38242
(330) 249-3499
Added: Jun 1
Changed: Jul 28
Last Checked: Jul 29 at 5:06AM
MLS# 1046045
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 fully occupied 4-plex includes four separate 1-bedroom, 1-bath units, creating a straightforward residential income setup. The property is offered with a detached garage, which may support additional utility or storage needs for tenants. With all units currently leased, the offering is positioned for an investor seeking an operating residential rental property rather than a vacant renovation.
The property is located at 204 W Johnny Lytle Avenue in Springfield, Ohio (Clark County). The lot size is listed at 0.14 acres, and the total property size is 3,080 square feet, providing a compact footprint designed around the four-unit configuration.
For investors and owner-operators, this asset offers a clean, repeatable unit mix with four identical 1-bedroom, 1-bath homes. The detached garage adds another on-site improvement that can enhance the day-to-day tenant experience and support residential use. As presented, the property is ready to be taken over with tenants already in place, allowing new ownership to focus on ongoing management from day one.
The property is located at 204 W Johnny Lytle Avenue in Springfield, Ohio (Clark County). The lot size is listed at 0.14 acres, and the total property size is 3,080 square feet, providing a compact footprint designed around the four-unit configuration.
For investors and owner-operators, this asset offers a clean, repeatable unit mix with four identical 1-bedroom, 1-bath homes. The detached garage adds another on-site improvement that can enhance the day-to-day tenant experience and support residential use. As presented, the property is ready to be taken over with tenants already in place, allowing new ownership to focus on ongoing management from day one.
Key Highlights
- Fully occupied 4‑plex with four 1‑bedroom, 1‑bathroom units
- Detached garage on the property, offering potential for extra rental income
- Year built 1919
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 | $16.3k | $5.28 |
| − Vacancy | −$1.3k | −$0.43 |
| EGI | $14.9k | $4.85 |
| − OpEx | −$4.5k | −$1.45 |
| NOI | $10.5k | $3.39 |
3,080 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$149.3K
$130.7K – $174.2K
NOI $10,454 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$129.4K
$113.2K – $151.0K
NOI $9,058 @ 7.0% cap · market cap 6.27%
Theoretical Best
Specialty Retail
$859.1K
$751.7K – $1.00M
NOI $60,137 @ 7.0% cap · market cap 41.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units with a detached garage on a 0.14-acre lot, offered for sale in Springfield, OH.
Where is this quadplex located?
The property is located at 204 W Johnny Lytle Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $144,500.
What are key features of this property?
This property features: Fully occupied 4‑plex with four 1‑bedroom, 1‑bathroom units; Detached garage on the property, offering potential for extra rental income; Year built 1919
