1228-1230 High St Springfield, OH 45506
This exceptional multifamily investment property, located at 1228-1230 W High Street in Springfield, Ohio, presents a compelling opportunity for discerning investors. Situated on a sizable 5,662.8 square foot lot, this property is classified as both land and multifamily, specifically an apartment building and residential duplex/triplex/quadruplex. The asking price is $8,000. The property's address is clearly identified as 1228-1230 W High Street, Springfield, OH 45506, within Clark County. The property is currently vacant land, offering a blank canvas for development or redevelopment. Its location in Springfield, Ohio, provides access to local amenities and infrastructure. The substantial lot size presents significant potential for various development projects, catering to a range of investment strategies. Given the current vacant status, this property offers a unique chance to shape its future and maximize its investment potential. The property's multifamily classification suggests possibilities for residential development, aligning with the growing demand for housing in the area. Further due diligence is recommended to fully assess the development potential and associated costs. This is a rare opportunity to acquire a significant land parcel in a desirable location at an attractive price point.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.