400 S Arlington Avenue, Springfield, OH 45505

$179,900
  • 400 S Arlington Avenue, Springfield, OH 45505 Main Photo

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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET2,344 MLS#951335
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLSpringfield

Property Description

12% Cap Rate! Add this updated, well-maintained duplex to your investment portfolio—or enjoy the benefits of owner-occupied living while your tenant helps pay the mortgage. This solid income-producing property brings in $2,400 per month. Unit 400 - $1,200/mo( 5 months left on lease) This unit features fresh paint, new lighting, updated appliances, and a new dedicated outlet for the bedroom AC. Updated electric panel, furnace, and water heater provide peace of mind. Unit 402 - $1,200/mo (Month-to-month) Updated within the last 18 months, including a newer refrigerator and stove. Mechanical updates include an improved electric panel, furnace, and water heater. Both units offer original hardwood floors, classic architectural charm, and access to a welcoming covered porch perfect for enjoying the outdoor. First Floor: Living room, dining room, kitchen, and a bright sunroom—ideal for office space or flex use Second Floor: Two large bedrooms and one full bath Basement: Private storage areas for each unit plus laundry hookups Garage: Each tenant receives one side for storage Exterior: Large shared side yard Low Operating Expenses: Water: Averages under $100/month Lawn care: $40 per cut Tenants pay their own electricity, gas, and trash This turn-key duplex offers strong cash flow, modest expenses, and a stable rental history—the ideal addition to any rental portfolio. Sold as a package deal with 250-254 S Douglas and 2111-2115 Kenilworth Photos are of only 1 unit.

400 S Arlington Avenue | MLS# 951335

This multi-family property located at 400 S Arlington Avenue, Springfield, OH 45505 is currently listed for sale with an asking price of $179,900. S Arlington Avenue is located within the Springfield school district. Search Springfield real estate on www.lydiawalls.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit
Garage: 2
Heating: Natural Gas
Lot Size: 0.17 Acres
Taxes: $2,239
Year Built: 1910

Feature Descriptions

Appliance Features: Range, Refrigerator
Basement Features: Unfinished
Exterior: Vinyl, Wood
Garage Features: 2 Car, Detached
Lot Dimensions: 50x150
Outside Features: Porch
Ownership: Agent Owned
Utilities: City Water, Sanitary Sewer

Local Schools

School District: Springfield

Listed By / Shown By

Listed By

Agency Name: Real Estate II Inc.
Agency Phone: (937) 390-3119

Shown By

Agent Name: Lydia Walls
Agent Phone: (937) 935-5597
Agency Title: Key Realty

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Estimated Payment

$ 1,245.36 per month $1,006.31 Principal & Interest $186.58 Property Tax $52.47 Homeowner's Insurance

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