Duplex with Hardwood
New
For Sale
$155,000
836-838 Rodgers Drive, Springfield, OH 45503
Multi-Family, Springfield, OH
Property Size2,862 SF
Lot Size0.25 Acres
Price / SF$54.16
Days on Market7
Property Features for 836-838 Rodgers Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Fencing
Fenced
Fireplace
1
Basement
Crawl Space
Subdivision
Smith Snead
Lot features
Residential Lot
Elementary school district
1206 Springfield CSD
Middle school district
1206 Springfield CSD
High school district
1206 Springfield CSD
Directions
Take N Limestone St and head North, turn Right onto E Cassily St, turn Right onto Rodgers Dr.
Standard status
Active
APN
3400700029108039
Size
2,862 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Amenities
hardwood floors
fenced yard
Building Details
Year built
1939
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Asbestos
Architectural style
Other
Listing Agency:
Sibcy Cline, Inc.
Listed By:
Tina Benton
(937) 323-2200
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 15 at 12:06PM
MLS# 1049043
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.
Investment Insights
Based on property information with market context.
Built in 1939, this vacant duplex contains 2,862 square feet across two residences. Each side has two bedrooms and one bathroom. Hardwood flooring runs throughout, and the property includes a two-car garage, a porch, and a fenced yard. Additional features include a fireplace, natural gas heating, and public sewer service.
The property occupies a 0.25-acre lot in Springfield, Ohio.
The property occupies a 0.25-acre lot in Springfield, Ohio.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,862 square feet of building area
- 0.25‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,714
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,280
$194.3K
Cap Rate 7%
$138,771
$138.8K
Cap Rate 9%
$107,933
$107.9K
Market Conditions
NOI Build-Up for 2,862 SF
Gross rent
$15.1K $5.28/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$13.9K $4.85/SF
− OpEx
−$4.2K −$1.45/SF
NOI
$9.7K $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%
$194,280
Cap Rate 7%
$138,771
Cap Rate 9%
$107,933
Alternative Uses
Best Use
Multifamily LT 5
$138.8K
$121.4K – $161.9K
NOI $9,714 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$120.2K
$105.2K – $140.3K
NOI $8,417 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$798.3K
$698.5K – $931.4K
NOI $55,881 @ 7.0% cap · market cap 36.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 45503, OH
32,870
Population
15,458
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
1,878
Density / Sq Mi
$54,561
Median Household Income
$36,761
Median Earnings
$871
Median Rent
$153,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The vacant property has two separate residences, each with two bedrooms and one bathroom.
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 $155,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,862 square feet of building area; 0.25‑acre lot
