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    411 Limestone St Springfield, OH 45505

    For Sale
    $290,000

    Six-unit apartment building, strong rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a well-maintained six-unit apartment building situated in Springfield, Ohio's historic district at 411 S Limestone Street, zip code 45505. Built in 1900, this property boasts a substantial lot size of 6,098.4 square feet and offers a compelling blend of classic charm and modern income potential. The building comprises four efficient studio apartments and two one-bedroom units, generating a consistent monthly income of $3,200. The asking price is $290,000, translating to a price per square foot of $82.72. Adding to the property's appeal is a detached three-car carport, providing ample parking for residents. This property is ideally suited for investors seeking a stable, income-producing asset in a desirable location. The property's location within the historic district offers both aesthetic appeal and potential for future appreciation. This turnkey investment requires minimal effort to maintain its current high occupancy rate and strong cash flow. Detailed financial records are available upon request. Don't miss this chance to acquire a valuable piece of Springfield real estate.

    Property Features for 411 Limestone St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1900
    Units
    6

    HighLights

    • Six‑unit apartment building in Springfield, OH's historic district.
    • Located at 411 S Limestone Street, zip code 45505.
    • Built in 1900, 6,098.4 sq ft lot.
    • Four studio and two one‑bedroom units.
    • $3,200 monthly income, $290,000 asking price ($82.72/sq ft).
    • Includes a detached three‑car carport.
    Property Profile Insight Report 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
    -83.8092277
    Latitude
    39.9193379

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, strong rental income.
    Where is this multifamily property located?
    The property is located at 411 Limestone St Springfield, OH.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Six-unit apartment building in Springfield, OH's historic district.; Located at 411 S Limestone Street, zip code 45505.; Built in 1900, 6,098.4 sq ft lot.
    Request Owner's contact information
    411 Limestone St Springfield, OH 45505
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    Springfield, OH 45505
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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
    411 Limestone St Springfield, OH 45505
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