3-Unit Brick
New
For Sale
$138,900
3753 W National Rd, Springfield, OH 45504
Three apartments offer a mix of one- and two-bedroom layouts, with a two-car garage and large carport on site.
Property Size2,440 SF
Price / SF$56.93
Days on Market2
Property Features for 3753 W National Rd
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
rehab mode
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1870
Buildings
1
Construction
brick
Listing Agency:
Leis Realty Company
(937) 548-5750
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Oct 4
Last Checked: Oct 4 at 2:07PM
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 Leis Realty Company
Investment Insights
Based on property information with market context.
At 3753 W National Rd in Springfield Twp, this 2,440-square-foot brick triplex contains three apartments: two two-bedroom, one-bath units and one one-bedroom, one-bath unit. Interior work is underway, with flooring and drywall installed in areas, two bathrooms nearing completion, and one kitchen close to finished. Materials and appliances convey. New mini-split systems have been installed; electrical service, plumbing, and the water heater were previously updated. The roof is approximately 10 years old.
The property also includes a large carport and a two-car garage. The building dates to 1870 and is offered as a renovation project with work remaining across the units.
The property also includes a large carport and a two-car garage. The building dates to 1870 and is offered as a renovation project with work remaining across the units.
Key Highlights
- Three apartments: two two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit
- 2,440‑square‑foot brick building constructed in 1870
- Large carport and two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,281
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,620
$165.6K
Cap Rate 7%
$118,300
$118.3K
Cap Rate 9%
$92,011
$92.0K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$12.9K $5.28/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$11.8K $4.85/SF
− OpEx
−$3.5K −$1.45/SF
NOI
$8.3K $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%
$165,620
Cap Rate 7%
$118,300
Cap Rate 9%
$92,011
Alternative Uses
Best Use
Multifamily LT 5
$118.3K
$103.5K – $138.0K
NOI $8,281 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$102.5K
$89.7K – $119.6K
NOI $7,176 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$680.6K
$595.5K – $794.0K
NOI $47,641 @ 7.0% cap · market cap 34.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
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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
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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?
Triplex - Three apartments offer a mix of one- and two-bedroom layouts, with a two-car garage and large carport on site.
Where is this triplex located?
The property is located at 3753 W National Rd Springfield, OH.
What is the asking price?
The asking price for this property is $138,900.
What are key features of this property?
This property features: Three apartments: two two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit; 2,440‑square‑foot brick building constructed in 1870; Large carport and two‑car garage
