Springfield Duplex Investment
836-838 Rodgers Drive Springfield, OH 45503
836-838 Rodgers Drive, Springfield, OH, 45503
$180,000
For Sale
$180,000
MULTI_FAMILY - Other - Springfield, OH
Property Size2,862 SF
Lot Size0.25 Acres
Price / SF$62.89
Days on Market347
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 Agency
Sibcy Cline, Inc.
(937) 323-2200
137 E Main Street, Suite 125B, Beavercreek, OH
Listed by
Tina Benton
(937) 323-2200
Added: Aug 7, 2025 Checked: Jul 19 at 9:06 am
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 built in 1939 with approximately 2,862 SF total living space
- Each unit offers 2 bedrooms and 1 full bathroom, with hardwood flooring throughout
- Heating includes natural gas; interior features include ceiling fan(s)
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
NOI $9,714 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$120.2K
$105.2K – $140.3K
NOI $8,417 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$798.3K
$698.5K – $931.4K
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
Similar For Sale Nearby
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 built in 1939 with approximately 2,862 SF total living space; Each unit offers 2 bedrooms and 1 full bathroom, with hardwood flooring throughout; Heating includes natural gas; interior features include ceiling fan(s)
