Updated Duplex with Detached
462-462.5 Stanton Avenue, Springfield, OH 45503
For Sale
$184,900
Pending
Multi-Family, Springfield, OH
Property Size2,189 SF
Lot Size0.17 Acres
Days on Market93
Property Features for 462-462.5 Stanton Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Fireplace
Basement
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Amenities
rear deck
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
Gallery Homes Real Estate, LLC
Listed By:
Miranda Bragg
(937) 505-3553
Added: Aug 7
Changed: Oct 28
Last Checked: Nov 7 at 11:06PM
MLS# 1047593
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This upper-and-lower duplex in Springfield includes 2,189 square feet of property size on a 0.17-acre lot. The upper unit has refreshed flooring, countertops, a new vanity, interior paint, and an added bedroom closet. The lower unit combines refinished hardwood floors with updated luxury vinyl plank flooring, new lighting, and refreshed interior finishes. Both units include brand-new appliances and fresh paint. The property also features a fireplace, porch, renovated rear deck, and vinyl siding.
Exterior improvements include a new garage door, off-street parking, and a detached two-car garage for vehicle storage or tenant use. Natural gas heating and public sewer serve the property. Built in 1911, the duplex is located at 462-462.5 Stanton Avenue in Springfield, Ohio. Both units are currently vacant, allowing immediate occupancy or tenant selection without existing lease obligations.
Exterior improvements include a new garage door, off-street parking, and a detached two-car garage for vehicle storage or tenant use. Natural gas heating and public sewer serve the property. Built in 1911, the duplex is located at 462-462.5 Stanton Avenue in Springfield, Ohio. Both units are currently vacant, allowing immediate occupancy or tenant selection without existing lease obligations.
Key Highlights
- Upper‑and‑lower duplex with both units currently vacant
- 2,189 square feet on a 0.17‑acre lot
- Detached two‑car garage with new garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,430
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,600
$148.6K
Cap Rate 7%
$106,143
$106.1K
Cap Rate 9%
$82,556
$82.6K
Market Conditions
NOI Build-Up for 2,189 SF
Gross rent
$11.6K $5.28/SF
− Vacancy
−$944 −$0.43/SF
EGI
$10.6K $4.85/SF
− OpEx
−$3.2K −$1.45/SF
NOI
$7.4K $3.39/SF
Area
Clark County, OH
Vacancy
8.17%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,600
Cap Rate 7%
$106,143
Cap Rate 9%
$82,556
Alternative Uses
Best Use
Multifamily LT 5
$106.1K
$92.9K – $123.8K
NOI $7,430 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$92.0K
$80.5K – $107.3K
NOI $6,437 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$610.6K
$534.3K – $712.3K
NOI $42,740 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
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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
$153,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Springfield, OH
Properties on Market for Duplexes in Springfield
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated upper-and-lower layout with separate living spaces, brand-new appliances, off-street parking, and a detached garage.
Where is this duplex located?
The property is located at 462-462.5 Stanton Avenue Springfield, OH.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Upper‑and‑lower duplex with both units currently vacant; 2,189 square feet on a 0.17‑acre lot; Detached two‑car garage with new garage door
