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    Springfield, OH Multifamily Properties for Sale

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    Three-Unit Multifamily with Off-Street Parking
    Updated: Feb 14
    Three-Unit Multifamily with Off-Street Parking

    1223 Lagonda Avenue, Springfield, OH 45503

    $99,900
    2,373 sqft 0.06 AC lot
    Three‑unit investment property on two parcels, located at the corner of Lagonda and Farlow, with an additional parcel at 0 Farlow for off‑street parking
    Upper apartment: 2 bedrooms, currently leased to a long‑term tenant at $600/month
    Office‑style unit: includes 1 office/bedroom plus storage and a half bath, leased on a 6‑month lease at $400/month
    Main level unit currently functions as a large 1‑bedroom and has flexibility to be reconfigured into a 2 or possibly 3‑bedroom unit
    Multiple separate entrances for privacy and flexibility between units
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    This listing looks promising.

    Here's a quick look at some key insights for

    1223 Lagonda Avenue, Springfield, OH 45503

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $8K
      Annual

    • Price @ 7% Cap

      $115K
      Above asking

    • Property Type

      Single Family Residence
      Built 1920
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    Brick Triplex with Carport
    Updated: Jul 9
    Brick Triplex with Carport

    3753 W National Road, Springfield, OH 45504

    $144,900
    2,440 sqft 0.32 AC lot
    Brick triplex built in 1870 with a 2‑story layout offering 2BR/1BA units and a 1BR/1BA unit
    Unit mix: downstairs 2BR/1BA, downstairs 1BR/1BA, and upstairs 2BR/1BA with a very large living space
    Updates reported: new drywall, flooring installed, and two bathrooms near completion; one kitchen nearly finished
    New mini splits installed plus central air and window unit(s); heating includes natural gas, forced air, and radiant
    Roof is approximately 10 years old; electric and service, plumbing, and the gas water heater were previously updated
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    Residential Income Triplex Opportunity
    Residential Income Triplex Opportunity

    928 E High Street, Springfield, OH 45505

    $170,000
    3,014 sqft 0.19 AC lot

    Three separate units with multiple kitchen plumbing runs and 2020 furnaces, sold as-is and zoned for single-family use.

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    Fully Renovated Fourplex Investment
    Fully Renovated Fourplex Investment

    828 E Main Street, Springfield, OH 45503

    $215,000
    2,944 sqft 0.07 AC lot

    Fully renovated fourplex completed in 2024 with four occupied 1-bedroom, 1-bath units.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    509-511 E Northern Avenue, Springfield, OH 45503

    $175,000
    2,384 sqft 0.16 AC lot

    Tenant-occupied duplex offering two 3-bedroom, 1-bath units with wood floors, porches, yard space, and a detached garage.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    1606-1608 W High Street, Springfield, OH 45506

    $199,000
    2,816 sqft 0.22 AC lot

    Four 1-bedroom, 1-bath units in a 4-unit apartment building with detached garages for each unit.

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    Fully Remodeled Duplex
    Fully Remodeled Duplex

    218 N Jackson Street, Springfield, OH 45504

    $259,950
    2,400 sqft 0.01 AC lot

    Two long-term occupied units with extensive system and finish upgrades, each under a 3-year lease.

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    Updated Duplex with New Roof
    Updated Duplex with New Roof

    1714 Woodward Avenue, Springfield, OH 45506

    $135,000
    2,994 sqft 0.16 AC lot

    Two-unit income property with a new roof, refreshed interiors, and one unit currently occupied.

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    Fully Occupied Duplex Investment
    Fully Occupied Duplex Investment

    557-559 E Madison Avenue, Springfield, OH 45503

    $185,000
    3,064 sqft 0.20 AC lot

    Spacious, fully occupied duplex with two 3-bedroom, 1-bath units and original wood flooring throughout.

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    Fully Remodeled Duplex Investment
    Fully Remodeled Duplex Investment

    834 W North Street, Springfield, OH 45504

    $259,950
    2,484 sqft 0.19 AC lot

    Two rental units in a fully remodeled duplex with updated major systems and a roof from 6 years ago.

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    Duplex with Rear Parking
    Duplex with Rear Parking

    306-308 E Northern Avenue, Springfield, OH 45503

    $139,000
    1,484 sqft 0.12 AC lot

    Duplex configured with a 1-bedroom unit downstairs and two-bedroom space upstairs, plus fenced backyard parking in the rear.

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    Rented Duplex Investment Property
    Rented Duplex Investment Property

    1020 Sherman Avenue, Springfield, OH 45503

    $165,000
    2,264 sqft 0.25 AC lot

    Fully rented duplex offers immediate tenant occupancy and flexible options for investors or owner-occupants.

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    Well-Maintained Duplex Investment Opportunity
    Well-Maintained Duplex Investment Opportunity

    263 N Isabella Street, Springfield, OH 45504

    $177,500
    2,112 sqft 0.13 AC lot

    Solid investment with updates, private entrances, and tenant appeal.

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    Well-Maintained Four-Unit Multifamily Property
    Well-Maintained Four-Unit Multifamily Property

    707 W High Street, Springfield, OH 45506

    $144,900
    2,546 sqft 0.15 AC lot

    Four-unit multifamily property near downtown Springfield, Ohio.

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    Fully Occupied 4-Plex
    Fully Occupied 4-Plex

    204 W Johnny Lytle Avenue, Springfield, OH 45506

    $144,500
    3,080 sqft 0.14 AC lot

    Four 1-bedroom, 1-bath units with a detached garage on a 0.14-acre lot, offered for sale in Springfield, OH.

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    Springfield Duplex Investment Opportunity
    Springfield Duplex Investment Opportunity

    836-838 Rodgers Drive, Springfield, OH 45503

    $180,000
    2,862 sqft 0.25 AC lot

    Turnkey duplex in Springfield with income potential.

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    Two-Unit Duplex with Mixed Bedroom Layout
    Two-Unit Duplex with Mixed Bedroom Layout

    1866 Maiden Lane, Springfield, OH 45504

    $166,000
    1,378 sqft

    A two-unit duplex with a 2-bedroom and 1-bedroom arrangement for flexible owner-occupant or rental use.

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    Brick Duplex Income Property
    Brick Duplex Income Property

    1143 Cedarview Drive, Springfield, OH 45503

    $163,500
    1,728 sqft 0.18 AC lot

    Brick duplex with two mirrored units, each featuring two bedrooms and one bathroom.

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    Fully Occupied Brick Duplex
    Fully Occupied Brick Duplex

    21 Lagonda Avenue, Springfield, OH 45503

    $94,900
    1,935 sqft 0.09 AC lot

    Brick duplex with two rental units, separate utility responsibilities, basement, and a newly installed water heater.

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    Oversized Duplex Investment Property
    Oversized Duplex Investment Property

    1501 E High Street, Springfield, OH 45505

    $239,500
    0.17 AC lot

    Fully occupied duplex with two large unit layouts and on-site parking, offering immediate rental income potential.

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    Victorian Multifamily Property in Springfield, OH
    Victorian Multifamily Property in Springfield, OH

    727 W High Street, Springfield, OH 45506

    $49,900
    1,867 sqft 0.15 AC lot

    Spacious Victorian duplex with renovation potential in established neighborhood.

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    Self-Care Beauty Salon Duplex
    Self-Care Beauty Salon Duplex

    1701 Lexington Avenue, Springfield, OH 45505

    $690,000
    6,468 sqft 0.17 AC lot

    Newly renovated corner duplex combines nine salon suites for weekly rental with three additional apartments.

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    Brick Duplex With Unfinished Basement
    Brick Duplex With Unfinished Basement

    1143 Cedarview Drive, Springfield, OH 45503

    $163,500
    0.17 AC lot

    Brick double features two-bedroom, one-bath units with an unfinished basement and laundry hookup.

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    Duplex with Oversized Units
    Duplex with Oversized Units

    1501 East High Street, Springfield, OH 45505

    $239,500
    4,058 sqft

    Fully occupied duplex with larger unit layouts and tenant-friendly off-street parking.

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    Springfield, OH Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Springfield, OH, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 82,881 square feet of properties for sale, with an estimated market value of $6,180,300.

    Sale prices for multifamily properties in Springfield, OH start at $49,900, averaging $220,725, and reaching up to $694,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 23
    Quadplexes 4
    Triplexes 4
    Apartment buildings 3
    Short term rental properties 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +0.3%
    Median Household Income $57,899
    College Educated 21.0%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    45506 $148.2K
    45503 $173.8K
    45504 $189.9K
    45505 $444.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clark County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, OH

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