Four-Unit Multifamily
907 S Limestone Street, Springfield, OH 45505
MULTI_FAMILY - Springfield, OH
Property size:
4,970 SFLot size:
0.29 AcresPrice / SF:
$54/SF- Added:
- Nov 18, 2025
- Days on Market:
- 207
- Last Refresh:
- Jun 13 at 9:06 pm
Property Features for 907 S Limestone Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential,Historic
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
- Parking features
- Garage, Parking Lot
- Standard status
- Active Under Contract
- APN
- 3400700034314009
- Size
- 4,970 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- W SI LIMESTONE 68.67 S OF LIBERTY & PT VAC ALLEY S (11)
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1893
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame
Listing agent Tyler Blatt (937) 689-3358
Listing office Keller Williams Community Part 2835 Miami Village Dr, Miamisburg, OH (937) 530-4904
Listing date Nov 18, 2025
MLS# 948092
Listing URL
Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑family property with all 4 units currently leased on 1‑year terms at $1,350–$1,400/month
- Reported net income of $30,064.90 annually (excluding debt service and capital improvements)
- Four brand‑new HVAC systems and updated flooring as recent capital improvements
- Public water; owner currently pays all utilities
- Frame construction; central air with heat pump heating
- Parking includes a parking lot and a garage
Overview
This four-unit multifamily property is built for straightforward rental operations, with all four units currently leased on one-year terms. The reported annual net income is $30,064.90, excluding debt service and capital improvements. Recent capital improvements include updated flooring and four brand-new HVAC systems, intended to support modern tenant comfort and reduce near-term maintenance.
The property is located at 907 S Limestone Street in Springfield, Ohio, in Clark County. Zoning is listed as Residential, Historic. The owner currently pays all utilities, which can simplify tenant billing and management. It is described as being just minutes from downtown Springfield and within a short drive of local amenities and bus lines, as well as nearby parks including Veterans Park and Davey Moore Park.
For tenants, the layout supports independent, leased living across four units. For investors or owner-operators seeking an income-producing residential asset, the current occupancy and one-year lease structure may offer a manageable path to ongoing rental administration. The property also has proximity to schools and colleges mentioned in the remarks, including Wittenberg University and Clark State College, along with nearby dining and retail options.
The property is located at 907 S Limestone Street in Springfield, Ohio, in Clark County. Zoning is listed as Residential, Historic. The owner currently pays all utilities, which can simplify tenant billing and management. It is described as being just minutes from downtown Springfield and within a short drive of local amenities and bus lines, as well as nearby parks including Veterans Park and Davey Moore Park.
For tenants, the layout supports independent, leased living across four units. For investors or owner-operators seeking an income-producing residential asset, the current occupancy and one-year lease structure may offer a manageable path to ongoing rental administration. The property also has proximity to schools and colleges mentioned in the remarks, including Wittenberg University and Clark State College, along with nearby dining and retail options.
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 | $26.2k | $5.28 |
| − Vacancy | −$2.1k | −$0.43 |
| EGI | $24.1k | $4.85 |
| − OpEx | −$7.2k | −$1.45 |
| NOI | $16.9k | $3.39 |
4,970 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.1K
NOI $16,868 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,039 @ 7.0% cap · market cap 35.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.809711
- Latitude
- 39.913701
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four leased units with recent flooring updates and four new HVAC systems, with owner-paid utilities.
Where is this quadplex located?
The property is located at 907 S Limestone Street Springfield, OH.
What is the asking price?
The asking price for this property is $272,000.
What are key features of this property?
This property features: 4‑family property with all 4 units currently leased on 1‑year terms at $1,350–$1,400/month; Reported net income of $30,064.90 annually (excluding debt service and capital improvements); Four brand‑new HVAC systems and updated flooring as recent capital improvements
