Springfield Ohio Multi-Family Homes for Sale

Springfield Ohio Multi-Family Homes for Sale

$99,900
226033552 MLS
Rare opportunity to own a versatile three unit investment property with additional off street parking on a two parcel sale located at the corner of Lagonda and Farlow. Included in the sale is the additional parcel at 0 Farlow currently utilized for valuable off street parking. The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath which previously was leased at $400 per month.. The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout. August of 2026, two brand new windows were installed in this unit (see photos) allowing plenty of natural light and easy for a buyer to split off the large space as they wish. Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash. With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value. Motivated seller is looking for an offer. Come take a peek today!! Easy to show.

1223 Lagonda Avenue, Springfield

Listing Courtesy of : Priscilla Lee McNamee ---- ROOST Real Estate Co.

$134,900
226031643 MLS
SPACIOUS, RENOVATED SIDE-BY-SIDE DOUBLE WITH 7 BEDROOMS, 3 FULL BATHS AND ESTIMATED GROSS RENTAL POTENTIAL OF $2,400 PER MONTH. Offering approximately 3,242 square feet, 131 E Southern features 4 bedrooms and 2 full baths, while 133 E Southern offers 3 bedrooms and 1 full bath. The 133 side has been completely remodeled with a new kitchen, new bathroom, new flooring throughout, fresh paint, new doors, LED lighting, switches and outlets. The 131 side has also undergone substantial improvements. Major capital items have already been addressed, including a brand-new roof, vinyl windows throughout, and separately metered gas and electric. Exterior improvements include fresh paint and repairs to the aluminum siding. Both units offer tall ceilings, spacious rooms, covered front porches and backyard access. With no tenants above or below, the side-by-side layout provides added privacy. Estimated market rents are $1,250 for the 4-bedroom, 2-bath unit and $1,150 for the renovated 3-bedroom, 1-bath unit, creating potential gross income of $28,800 annually. Owner pays water; occupants pay separately metered gas and electric. An excellent opportunity for an investor seeking a substantially improved rental or an owner-occupant looking to offset the mortgage with income from the adjoining unit. Conveniently located near South Limestone Street, downtown Springfield and I-70.

131 E Southern Avenue, Springfield

Listing Courtesy of : Arthur A Solomon ---- Coldwell Banker Heritage

$184,900
226029956 MLS
Turnkey, fully vacant duplex with extensive updates! This move in ready upper/lower duplex is an exceptional opportunity for investors looking to generate rental income or owner occupants wanting to house hack by living in one unit while renting the other. With both units vacant, you have the rare ability to choose your own tenants, set current market rents, or occupy either unit immediately. No waiting for leases to expire and no renovation projects to tackle. This income producing property is ready to go. The upper unit has been completely renovated and features new LifeProof luxury vinyl plank flooring, new Stainmaster carpet with Nike Step Ahead padding, new countertops, a new vanity, fresh paint throughout, and a bedroom with a newly added closet for improved functionality. Both units include brand new appliances and fresh interior paint, creating a clean, modern feel. The lower unit blends classic character with modern updates, featuring beautifully refinished hardwood floors, updated luxury vinyl plank flooring in the entryway, kitchen, and bathroom, brand new lighting, and a refreshed, move-in ready feel. Outside, you'll find a renovated rear deck, a new garage door, convenient off street parking, and a detached two car garage, providing valuable storage and parking for owners or tenants alike. Whether you're expanding your investment portfolio, purchasing your first duplex, or looking for a turnkey house hack, this updated multifamily property offers flexibility, low maintenance, and immediate income potential in one package.

462-462.5 Stanton Avenue, Springfield

Listing Courtesy of : Miranda Lynn Bragg ---- Gallery Homes Real Estate LLC

$55,000
226013280 MLS
LAND CONTRACT OPTION! Located at 517-515 W Broadway Ave in Springfield, this is the kind of opportunity buyers look for when they are ready to take that first real step into real estate. Walk through this property and start thinking about what it could become. It is currently set up as a single-family home, but the layout was previously used as a two-family and may offer the potential to be converted back, subject to buyer verification of zoning, permits, and intended use. With approximately 1,884 square feet, four bedrooms, two full bathrooms, a full basement, and nearly half an acre, there is room here to build something that fits your plan. Land contract terms are available, creating an alternative path to ownership that may allow you to move forward without traditional financing, subject to agreed terms and buyer qualification. For buyers looking to get started or expand, this property may support a range of approaches such as house hacking with potential rental use, exploring a BRRRR strategy, or creating a long-term rental setup. The real value here is the ability to step in, make improvements over time, and shape the property around your goals, all subject to your own due diligence and verification. Opportunities offering flexible terms and multiple potential paths like this are not always easy to find.

517 Broadway Street 515 Unit 515, Springfield

Listing Courtesy of : Arthur A Solomon ---- Coldwell Banker Heritage

Selling Office: NON MEMBER OFFICE.

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Springfield Ohio Multi-Family Homes

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