547 N Broadway Street, Spencerville, OH 45887
- Added:
- May 7, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 24 at 4:06 pm
Property Features for 547 N Broadway Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 4, Basement
- Parking features
- Off Street
- Patio and Porch features
- Patio, Porch, Deck
- Basement
- Partially Finished
- Standard status
- Active
- APN
- 44-1206-01-017.001
- Size
- 2,842 SF
Taxes and HOA fees
- Tax Description
- PLAT OF THE VILLAGE OF SPENCERVILLE PTS OL 3 & 4 RTS 04-04-12 FF 154.18
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Separate Meters
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Metal
- Architectural style
- Other
Listing agent Maria Sanko (419) 303-8495
Listing office CCR Realtors 1737 Allentown Road, Lima, OH (419) 222-0555
Listing date May 7, 2026
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.
HighLights
- Completely remodeled 2‑story multifamily unit with brick construction
- Metal roof; heated with natural gas forced air
- Central air with separate meters; cable available
- Each unit has washer and dryer hook‑ups
- Off‑street paved parking with patio, porch, and deck
- Public water and public sewer
Overview
The property is located at 547 N Broadway Street in Spencerville, Ohio. Showings require 24 hours notice, and the listing remarks note proximity to the Charles River.
For buyers or operators seeking a turn-key residential income asset, the combination of complete remodeling and practical unit features such as in-unit laundry hookups can reduce near-term work and improve tenant usability. On-site paved parking further supports day-to-day access for residents. Please allow 24 hours notice for all showings.
Local 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 | $37.5k | $13.20 |
| − Vacancy | −$3.5k | −$1.23 |
| EGI | $34.0k | $11.97 |
| − OpEx | −$10.2k | −$3.59 |
| NOI | $23.8k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spencerville
- County
- Allen
- State
- Ohio
- Longitude
- -84.349391
- Latitude
- 40.71357
