Excellent investment opportunity in the heart of Springfield’s South Limestone corridor! This four-family property generates a strong net income of $30,064.90 annually (excluding debt service and capital improvements), offering investors immediate cash flow in a historically stable rental market. The property consists of four units, all of which are currently leased on 1-year terms ranging from $1350-1400/month. Recent capital improvements include updated flooring and four brand-new HVAC systems, providing modern comfort and reducing future maintenance costs. The owner currently pays all utilities, streamlining tenant management. Located just minutes from downtown Springfield, the property is surrounded by key amenities: School of Innovation, Global Impact STEM Academy, Wittenberg University and Clark State College are all nearby, making the location attractive for student and workforce renters. Dining and retail options such as Los Mariachis Mexican Restaurant, Lee's Famous Recipe Chicken, Family Dollar, Kroger, and CVS are within a 5-minute drive, as are major bus lines and parks including Veterans Park and Davey Moore Park. With steady rental demand and room to optimize expenses, this multifamily is ideal for investors seeking consistent yield and value-add potential. Schedule your showing today and don’t miss the chance to add a high-performing 4-unit to your portfolio.
Multi-familyProperty Type
1893Year Built
0.29 acresLot Size
$48Price/Sq.Ft.
Listed by Tyler Blatt• Keller Williams Community Part
•937-689-3358 (agent)
•tyler.blatt@kw.com (agent)
•937-530-4904 (broker)
Contact: (937) 530-4904
Bought with Tyler Blatt• Keller Williams Community Part
Utilities: Natural Gas Available, Sewer Available, Water Available
Water Source: Public
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Heat Pump
Public facts
Beds: 5
Baths: 5.0
Sq. Ft.: 4,970
Stories: 2.0
Lot Size: 0.29 acres
Style: Multi-Family (5+ Unit)
Year Built: 1893
Year Renovated: —
County: Clark County
APN: 3400700034314009
Home facts updated by county records on Aug 24, 2026
Around this home
Schools
Fulton Elementary School
Public K-6 • Assigned • 0.8mi
4/10
Hayward Middle School
Public 7-8 • Assigned • 0.7mi
5/10
Springfield High School
Public 9-12 • Assigned • 2.5mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 18 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Springfield, OH • 45505
Average low and high temperatures (°F)
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15
39
23
58
37
67
46
69
51
82
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85
67
79
60
80
54
68
45
52
37
40
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in Springfield. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.