$179,900

400 S Arlington Avenue 400 S Arlington Avenue, Springfield, OH 45505

  • 4 beds |
  • 2 baths |
  • 2,344 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $77/sqft
  • Property List Date Icon Listed 19 days ago

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 $75/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. can be Sold as a package with 250-254 S Douglas and 2111-2115 Kenilworth Photos are of only 1 unit

Listing Status:
Active
Date Added:
February 6, 2026
Data Last Updated:
February 14, 2026 at 1:39PM
Listing Office:
Real Estate II, Inc. : 937-390-3119
Listing Agent:
Julie Broghamer : 937-390-3119
MLS ID:
1043511
  • Appliances: RangeRefrigerator
  • Basement: Unfinished
  • A/C: Window Unit(s)
  • Heating: Natural Gas
  • Fireplace: DecorativeFireplace
  • Style: Wood Frame
  • Other Structures: Porch
  • Parking: Detached
  • General: Vinyl SidingWood SidingTwoStone
  • Originating MLS: Western Regional Information Systems & Technology (WRIST)
  • School District: 1206 Springfield CSD
  • County: Clark
  • Zoning: 3400700022123001
  • Utilities: Natural Gas ConnectedSewer Connected
  • Water: Supplied Water
  • Sewer: Public Sewer
  • Source: Western Regional Information Systems & Technology (WRIST)

This listing courtesy of Julie Broghamer , Real Estate II, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mann Elementary School

521 Mount Joy St, Springfield, OH, 45505

Grades KG-6

0.58 miles away

S

Schaefer Middle School

147 S Fostoria Ave, Springfield, OH, 45505

Grades 7-8

0.66 miles away

S

Springfield School of Innovation

601 Selma Rd, Springfield, OH, 45505

Grades 1-12

1.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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  • 2 bath |
  • 1,954 sqft |
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#1043510 - Real Estate II, Inc.