


131-133 E Southern Avenue Springfield, OH 45505
Description
967022
1,168 SQFT
Multifamily
1890
Springfield
Clark County
Arthur Cole
Listed By
DAYTON
Last checked Aug 20 2026 at 8:08 PM GMT-0400
- Full Bathrooms: 2
- Arthur Cole
- Forced Air
- Natural Gas
- Unfinished
- No Garage
- 3,242 sqft
Major capital items have already been addressed, including a brand-new roof, two high-efficiency furnaces, vinyl windows throughout, separate 100-amp electrical service for each unit, 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.