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Duplex with Income Potential
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738 S Center Street, Springfield, OH 45506

Large duplex with cash flow, ideal for owner occupancy.

Property SizeContact for details
Days on Market725

Property Features for 738 S Center Street

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multifamily
Net Operating Income $32,778

Building Details

Year Built 1875
Units 2
Listing Agency: Red 1 Realty
Listed By: Bridget Almashy · License #2019003908
Source: Crexi
Added: Sep 6, 2024 Changed: Aug 16 Last Checked: Aug 31 at 1:04PM

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 Red 1 Realty

Investment Insights

Based on property information with market context.

This duplex features one unit with 5 bedrooms and 2 bathrooms, and another unit with 1 bedroom and 1 bathroom. The property is currently generating a cash flow of $2,250 per month. The current lease is in effect until November 1, 2024. According to the listing, tenants consistently pay on time each month. This property is suitable for owner occupancy or house hacking.

Key Highlights

  • Cash flowing at $2,250 per month.
  • Duplex featuring a spacious 5 bedroom 2 bath unit and a 1 bed 1 bath unit.
  • Suitable for owner occupancy or house hacking.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Locksmith Home Appliance Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

Demographics for 45506, OH

13,330
Population
6,613
Households
2
Avg Household Size
39
Median Age
13%
College-Educated
87%
High-School Grad
12.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$40,132
Median Household Income
$34,774
Median Earnings
$800
Median Rent
$101,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Large duplex with cash flow, ideal for owner occupancy.
Where is this duplex located?
The property is located at 738 S Center Street Springfield, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Cash flowing at $2,250 per month.; Duplex featuring a spacious 5 bedroom 2 bath unit and a 1 bed 1 bath unit.; Suitable for owner occupancy or house hacking.
(614) 657-9256 Call to check price and availability
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