4-Unit Brick
707 W High Street, Springfield, OH 45506
For Sale
$139,900
Multi-Family, Springfield, OH
Property Size2,546 SF
Lot Size0.15 Acres
Price / SF$54.95
Days on Market202
Property Features for 707 W High Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Real Estate II, Inc.
Listed By:
Ryan William King
(937) 390-3119
Added: Apr 20
Changed: Oct 24
Last Checked: Nov 7 at 11:06PM
MLS# 1045099
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 4-unit residential property contains 2,546 square feet on a 0.15-acre lot. Built in 1896, the building features brick construction, natural gas heating, and public sewer service. Three of the four units are currently rented, while the seller pays all utilities.
The property is located at 707 W High Street in Springfield, near downtown. The existing configuration includes four bedrooms and four bathrooms, with no on-site parking identified.
The property is located at 707 W High Street in Springfield, near downtown. The existing configuration includes four bedrooms and four bathrooms, with no on-site parking identified.
Key Highlights
- Four‑unit property with 2,546 square feet of building area
- Three of four units are currently rented
- Seller pays all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,641
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,820
$172.8K
Cap Rate 7%
$123,443
$123.4K
Cap Rate 9%
$96,011
$96.0K
Market Conditions
NOI Build-Up for 2,546 SF
Gross rent
$13.4K $5.28/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$12.3K $4.85/SF
− OpEx
−$3.7K −$1.45/SF
NOI
$8.6K $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%
$172,820
Cap Rate 7%
$123,443
Cap Rate 9%
$96,011
Alternative Uses
Best Use
Multifamily LT 5
$123.4K
$108.0K – $144.0K
NOI $8,641 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$107.0K
$93.6K – $124.8K
NOI $7,487 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$710.2K
$621.4K – $828.5K
NOI $49,711 @ 7.0% cap · market cap 35.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
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Business Placement
Demographics for 45506, OH
13,330
Population
6,613
Households
2
Avg Household Size
39
Median Age
13%
College-Educated
87%
High-School Grad
12.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$40,132
Median Household Income
$34,774
Median Earnings
$800
Median Rent
$101,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property near downtown with three occupied units and owner-paid utilities.
Where is this quadplex located?
The property is located at 707 W High Street Springfield, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Four‑unit property with 2,546 square feet of building area; Three of four units are currently rented; Seller pays all utilities
