707 W High Street Springfield, OH 45506
MULTI_FAMILY - Springfield, OH
Property Features for 707 W High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3
- Parking features
- Garage
- Basement
- Unfinished
- Standard status
- Active
- APN
- 3400600004211009
- Size
- 2,546 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1896
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
Listing agent Ryan William King (937) 390-3119
Listing office Real Estate II, Inc. 1140 E Home Rd., Springfield, OH (937) 390-3119
Listing date Apr 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.
Investment Insights
Based on property information with market context.
Key Highlights
- 4‑unit building with brick construction
- 3 of 4 units currently rented
- Seller pays all utilities
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 | $13.4k | $5.28 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $12.3k | $4.85 |
| − OpEx | −$3.7k | −$1.45 |
| NOI | $8.6k | $3.39 |
