Duplex with Updated Front
For Sale
$129,000
Pending
306-308 E Northern Avenue, Springfield, OH 45503
Multi-Family, Springfield, OH
Property Size1,484 SF
Lot Size0.12 Acres
Days on Market140
Property Features for 306-308 E Northern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Parking features
None
Basement
Full
Subdivision
Northern Estate
Lot features
Residential Lot
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
LIMESTONE TO NORTHERN
Standard status
Pending
APN
3400700035201032
Size
1,484 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
1919
Floors in Building
2
Number of units
2
Building materials
Wood Siding
Listing Agency:
Client's Choice Realty
Listed By:
Robert (Mike) Wade
(937) 528-1928
Added: Jun 2
Changed: Oct 18
Last Checked: Oct 19 at 6:06PM
MLS# 1046085
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.
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Investment Insights
Based on property information with market context.
This duplex property in Springfield includes 1,484 square feet on a 0.12-acre lot. The home provides four bedrooms and two bathrooms, with one bedroom located on the main level and additional sleeping areas created within the former attic space. Newer carpet has been installed, and the front porch features composite decking. A fenced backyard adds defined outdoor space.
Constructed in 1919 with wood siding, the property is served by public sewer and heated by a natural gas forced-air system. The property is located at 306-308 E Northern Avenue in Springfield, Ohio, within Clark County.
Constructed in 1919 with wood siding, the property is served by public sewer and heated by a natural gas forced-air system. The property is located at 306-308 E Northern Avenue in Springfield, Ohio, within Clark County.
Key Highlights
- Four‑bedroom, two‑bathroom layout within 1,484 square feet
- 0.12‑acre lot at 306‑308 E Northern Avenue, Springfield, OH 45503
- Attic space converted to additional bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,037
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,740
$100.7K
Cap Rate 7%
$71,957
$72.0K
Cap Rate 9%
$55,967
$56.0K
Market Conditions
NOI Build-Up for 1,484 SF
Gross rent
$7.8K $5.28/SF
− Vacancy
−$640 −$0.43/SF
EGI
$7.2K $4.85/SF
− OpEx
−$2.2K −$1.45/SF
NOI
$5.0K $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%
$100,740
Cap Rate 7%
$71,957
Cap Rate 9%
$55,967
Alternative Uses
Best Use
Multifamily LT 5
$72.0K
$63.0K – $84.0K
NOI $5,037 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$62.3K
$54.6K – $72.7K
NOI $4,364 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 22.46%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
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Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story rental property with four bedrooms, two bathrooms, natural gas heat, and a fenced rear yard.
Where is this duplex located?
The property is located at 306-308 E Northern Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bathroom layout within 1,484 square feet; 0.12‑acre lot at 306‑308 E Northern Avenue, Springfield, OH 45503; Attic space converted to additional bedrooms
