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    738 Center St Springfield, OH 45506

    Sponsored
    For Sale
    $150,000

    Historic Ohio duplex, great cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming 1875 Springfield, Ohio duplex presents a fantastic investment opportunity. Located at 738 S Center Street, this multifamily property boasts two units on a sizable 7,840.8 square foot lot. The property features a five-bedroom, two-bathroom unit and a one-bedroom, one-bathroom unit, offering flexibility for owner-occupancy or rental income generation. Currently generating a monthly cash flow of $2,250, this property demonstrates strong rental performance with reliable tenants

    Property Features for 738 Center St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1875
    Units
    2

    HighLights

    • Charming 1875 Springfield, OH duplex, excellent investment opportunity.
    • Located at 738 S Center Street on a large 7,840.8 sq ft lot.
    • Features a 5 bed/2 bath unit and a 1 bed/1 bath unit.
    • Strong rental performance with $2,250 monthly cash flow and reliable tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.8128887
    Latitude
    39.915298

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    FAQs

    What type of property is this?
    Multifamily property - Historic Ohio duplex, great cash flow.
    Where is this multifamily property located?
    The property is located at 738 Center St 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: Charming 1875 Springfield, OH duplex, excellent investment opportunity.; Located at 738 S Center Street on a large 7,840.8 sq ft lot.; Features a 5 bed/2 bath unit and a 1 bed/1 bath unit.
    Request Owner's contact information
    738 Center St Springfield, OH 45506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    738 Center St Springfield, OH 45506
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