557-559 E Madison Avenue, Springfield, OH 45503
MULTI_FAMILY - Springfield, OH
- Added:
- Jun 20, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 23 at 1:06 am
Property Features for 557-559 E Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Attic
- Fireplace
- 1
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 3400700035223003
- Size
- 3,064 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Aluminum Siding, Vinyl Siding
Listing agent Tina Bleything (937) 390-3715
Listing office Roost Real Estate Co. 1636 N Yellow Springs St., Springfield, OH (937) 390-3715
Listing date Jun 20, 2026
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.
HighLights
- Fully occupied duplex with both units offering 3 bedrooms and 1 full bath
- Original wood flooring throughout the home
- Decorative fireplaces in both units (not warranted)
- Natural gas forced‑air heating
- Aluminum and vinyl siding with attic for additional storage
- Garage parking plus a porch; public sewer
Overview
The property is listed for sale at 557-559 E Madison Avenue in Springfield, Ohio, within Clark County. Lot size is reported as 0.2 acres and total property size is reported as 3,064 square feet.
For buyers seeking a residential income property with established occupancy, this duplex provides two distinct unit layouts with similar bedroom and bath configurations. Existing interior features such as wood flooring, natural light from large windows, and in-unit decorative fireplaces may support tenant appeal, subject to buyer review. The seller requests curbside offers only, with 48–72 hour notice for any final walkthrough.
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 | $16.2k | $5.28 |
| − Vacancy | −$1.3k | −$0.43 |
| EGI | $14.9k | $4.85 |
| − OpEx | −$4.5k | −$1.45 |
| NOI | $10.4k | $3.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.799964
- Latitude
- 39.93323
