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Property profile & analytics
OFF-MARKET
Apartment buildings

1787-1789 Fountain Ave Springfield, OH 45506

Built 1925
Property ID
Property summary
AI-generated overview

This exceptional Springfield, Ohio investment opportunity presents a beautifully renovated, fully furnished duplex located at 1787-1789 S Fountain Avenue. Built in 1925, this 3,088 square foot property sits on a 7,405.2 square foot lot and boasts two spacious units, each featuring two bedrooms, one full bathroom, and two half bathrooms. Each unit is currently rented for $1,400 per month, generating a combined monthly income of $2,800. Tenants are responsible for all utilities (water, gas, electric, and trash). Recent renovations include new flooring, cabinetry, kitchen appliances, breaker boxes, drain lines, and fresh interior and exterior paint. Both units offer added convenience with in-unit laundry rooms, and ample storage space is available in the basement and attic. The asking price is $215,000, representing a price per square foot of $69.62. This turnkey property offers a strong return on investment with its high rental income and minimal maintenance needs. The property's location in Springfield, Ohio, provides easy access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, high-income-producing multifamily property in a desirable location.

Property profile
Verified
Property type Apartment buildings
Year built 1925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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