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    Springfield Duplex Investment Opportunity

    836-838 Rodgers Drive Springfield, OH 45503

    836-838 Rodgers Drive, Springfield, OH, 45503
    $180,000
    For Sale
    Claim this Listing
    $180,000

    MULTI_FAMILY - Other - Springfield, OH

    Property Size2,862 SF
    Lot Size0.25 Acres
    Price / SF$62.89
    AddedAug 7, 2025
    Days on Market344
    Last RefreshJul 16 at 9:06 am

    Property Features for 836-838 Rodgers Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fan(s)
    Fencing
    Fenced
    Basement
    Crawl Space
    Standard status
    Active
    APN
    3400700029108039
    Size
    2,862 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1939
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Asbestos
    Architectural style
    Other

    Listing agent Tina Benton

    Listing office Sibcy Cline, Inc. 137 E Main Street, Suite 125B, Beavercreek, OH

    Listing date Aug 7, 2025

    MLS# 1040550 Listing URL

    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.

    Located in Springfield, this duplex presents an opportunity for investors or owner-occupants. The property features two units, each containing 2 bedrooms and 1 full bath, with hardwood flooring throughout. The building offers approximately 2,862 square feet of living space, with roomy layouts in both units. The property includes a fenced-in yard and a detached 2-car garage for convenience and storage. Situated on a 0.25-acre lot, this vacant duplex is move-in ready. The property is suitable for expanding an investment portfolio, living in one unit while renting the other, or accommodating multi-generational living. The property has the potential to generate approximately $1000 a month per side for renting purposes.

    Key Highlights

    • Duplex at 836‑838 Rodgers Dr in Springfield, built in 1939
    • Each unit offers 2 bedrooms and 1 full bathroom
    • Approximately 2,862 SF of living space total

    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 $15.1k $5.28
    − Vacancy −$1.2k −$0.43
    EGI $13.9k $4.85
    − OpEx −$4.2k −$1.45
    NOI $9.7k $3.39
    2,862 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $138.8K
    $121.4K – $161.9K (±1% cap)
    NOI $9,714 @ 7.0% cap · market cap 5.40%
    Second Best
    Apartment 5plus
    $120.2K
    $105.2K – $140.3K (±1% cap)
    NOI $8,417 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Specialty Retail
    $798.3K
    $698.5K – $931.4K (±1% cap)
    NOI $55,881 @ 7.0% cap · market cap 31.05%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Tech Support Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Daycare Center Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in Springfield with income potential.
    Where is this duplex located?
    The property is located at 836-838 Rodgers Drive Springfield, OH.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Duplex at 836‑838 Rodgers Dr in Springfield, built in 1939; Each unit offers 2 bedrooms and 1 full bathroom; Approximately 2,862 SF of living space total
    Contact an agent
    (937) 323-2200
    We can help!
    Contact an agent
    Tina Benton
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