Brick Duplex with Off-Street
547 N Broadway Street, Spencerville, OH 45887
For Sale
$450,000
Residential Income, Spencerville, OH
Property Size2,842 SF
Price / SF$158.34
Days on Market185
Property Features for 547 N Broadway Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Basement
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer and dryer hook up
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
CCR Realtors · Real Living
(419) 222-0555
Listed By:
Maria Sanko · License #2006007344
(419) 303-8495
Added: May 7
Changed: Oct 25
Last Checked: Nov 7 at 11:06PM
MLS# 310177
Copyright © 2026 West Central Association 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.
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Investment Insights
Based on property information with market context.
This two-story duplex offers 2,842 square feet within a brick building constructed in 1940. Each unit includes washer and dryer hookups, while separate cooling meters and central air support unit-level utility management. Heating is provided by natural gas and forced air. The property also includes a metal roof, porch, deck, patio, and paved off-street parking.
Located at 547 N Broadway Street in Spencerville, the property has public water and public sewer service, with cable available. Its setting is close to the Charles River, and the listing includes multiple bedrooms and bathrooms across the two-unit configuration.
Located at 547 N Broadway Street in Spencerville, the property has public water and public sewer service, with cable available. Its setting is close to the Charles River, and the listing includes multiple bedrooms and bathrooms across the two-unit configuration.
Key Highlights
- 2,842 SF duplex in a two‑story brick building
- Each unit includes washer and dryer hookups
- Paved off‑street parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,815
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,300
$476.3K
Cap Rate 7%
$340,214
$340.2K
Cap Rate 9%
$264,611
$264.6K
Market Conditions
NOI Build-Up for 2,842 SF
Gross rent
$37.5K $13.20/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$34.0K $11.97/SF
− OpEx
−$10.2K −$3.59/SF
NOI
$23.8K $8.38/SF
Area
Allen County, OH
Vacancy
9.31%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,300
Cap Rate 7%
$340,214
Cap Rate 9%
$264,611
Alternative Uses
Best Use
Multifamily LT 5
$340.2K
$297.7K – $396.9K
NOI $23,815 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$314.2K
$274.9K – $366.6K
NOI $21,995 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$684.5K
$599.0K – $798.6K
NOI $47,917 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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Business Placement
Demographics for 45887, OH
4,688
Population
1,863
Households
2.5
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
69.7 sq mi
ZIP Area
67
Density / Sq Mi
$62,838
Median Household Income
$46,667
Median Earnings
$808
Median Rent
$185,400
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 layout includes washer and dryer hookups in each unit.
Where is this duplex located?
The property is located at 547 N Broadway Street Spencerville, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,842 SF duplex in a two‑story brick building; Each unit includes washer and dryer hookups; Paved off‑street parking area
