400 Arlington Avenue, Springfield, Ohio 45505

$189,000
4 Bedrooms
Bedrooms
2 Bathrooms
Bathrooms
2,344
Square Feet
0
Acres
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 generates $2,400 per month in rent.Unit 400: $1200 10 months left on leaseUnit 402: $1200 — Month-to-monthEach unit has updated electric panels, furnaces, and water heaters.Unit 400 has fresh paint, new lighting, updated appliances, and a new dedicated outlet for the bedroom AC.Unit 402 has been updated within the last 18 months, including a newer refrigerator and stove.Both units feature original hardwood floors, classic architectural charm, and a welcoming covered porch perfect for enjoying the outdoor.First Floor: Living room, dining room, kitchen, sunroom ideal for office spaceSecond Floor: 2 large bedrooms and 1 full bathBasement: Laundry hookups and private storage areasGarage: Each tenant receives one side for storageExterior: Shared large side yardOperating expenses are modest:Water: Averages less$100/monthLawn care: $40 per cutTenants pay their own electricity, gas, and trash.This is a turn-key duplex with strong cash flow, low expenses, and steady tenant history–an ideal addition to any rental portfolio.Owner/Agent

Basic Details
  • Status
    Active
  • Property Type
    Multi Family
  • Listing Type
    For Sale
  • Listing ID
    1042224
  • Price
    $189,000
  • Bedrooms
    4
  • Baths Total
    2
  • Bathrooms
    2
  • Square Footage
    2,344 Sqft
  • Year Built
    1910
  • Lot Area
    0.17 Sqft
  • Location
    United States, Ohio, Clark, Springfield, 45505
  • Subdivision Location
    Brain
  • School District
    1206 Springfield CSD
Features
  • Heating System
    Natural Gas
  • Cooling System
    Window Unit(s)
  • Basement
    Unfinished
  • Fireplace
    Decorative
  • Appliances
    Refrigerator, Range
  • Exterior
    Wood Siding, Vinyl Siding
  • Foundation
    Stone
  • Garage
    Detached
  • Outside Features
    Porch
  • Utilities
    Sewer Connected, Natural Gas Connected
  • GarageSpaces
    2
Appliances
No data
Address Map
  • Street
    Arlington
  • Street Number
    400
  • Street Suffix
    Avenue
  • Longitude
    W84° 13' 21.3''
  • Latitude
    N39° 55' 0.7''
  • Directions
    corner of lexington and Arlington
  • Street Dir Prefix
    S
Neighborhood
No data
Additional Information
  • Office Name
    Real Estate II, Inc.
  • Agent Name
    Julie Broghamer
  • Area
    013 S OF MAIN / E OF LIMESTONE
  • Building Style
    Wood Frame
  • Tax Year
    2024
  • Lot Dimensions
    50x150
  • RATIO Current Price By SQFT
    $81
  • Semi Annual Tax
    $975
  • Virtual Tour
  • List Agent MLSID
    broghjul108
  • Listing Member Phone
    (502) 386-0066
  • Listing Office Phone
    (937) 390-3119
  • Provider
    WRIST Inc.
  • Agent ID
    20210928192427268877000000
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
400 Arlington Avenue, Springfield, Ohio 45505
Map
Listing information © 2025 WRIST Inc.
Listing provided by Julie Broghamer of Real Estate II, Inc. : (502) 386-0066.
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