5-Unit Apartment
New
For Sale
$425,000
900 N Limestone St, Springfield, OH 45503
A detached garage adds parking and storage capacity to the residential property.
Property Size10,080 SF
Price / SF$42.16
Days on Market3
Property Features for 900 N Limestone St
General Information
Standard status
Active
Size
10,080 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
4 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Building Details
Year Built
1926
Listing Agency:
Leis Realty Company
(937) 548-5750
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Oct 4
Last Checked: Oct 5 at 7:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leis Realty Company
Investment Insights
Based on property information with market context.
This 10,080-square-foot apartment property contains five units. Four apartments have three bedrooms and one bathroom, while the remaining unit has two bedrooms and one bathroom. A separate four-car garage provides additional parking and storage. The building dates to 1926.
The property is at 900 N Limestone St in Springfield, Ohio, less than a mile from Wittenberg University.
The property is at 900 N Limestone St in Springfield, Ohio, less than a mile from Wittenberg University.
Key Highlights
- Five apartment units in a 10,080‑square‑foot building
- Four units have three bedrooms and one bathroom; the fifth has two bedrooms and one bathroom
- Detached four‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,643
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,860
$592.9K
Cap Rate 7%
$423,471
$423.5K
Cap Rate 9%
$329,367
$329.4K
Market Conditions
NOI Build-Up for 10,080 SF
Gross rent
$59.0K $5.85/SF
− Vacancy
−$5.1K −$0.50/SF
EGI
$53.9K $5.35/SF
− OpEx
−$24.3K −$2.41/SF
NOI
$29.6K $2.94/SF
Area
Clark County, OH
Vacancy
8.60%
Lease Rate
$5.85 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,860
Cap Rate 7%
$423,471
Cap Rate 9%
$329,367
Alternative Uses
Best Use
Apartment 5plus
$423.5K
$370.5K – $494.1K
NOI $29,643 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,813 @ 7.0% cap · market cap 46.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
607
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A detached garage adds parking and storage capacity to the residential property.
Where is this apartment building located?
The property is located at 900 N Limestone St Springfield, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Five apartment units in a 10,080‑square‑foot building; Four units have three bedrooms and one bathroom; the fifth has two bedrooms and one bathroom; Detached four‑car garage
