1501 E High St Springfield, OH 45505
Estimated payment $1,585/month
About This Home
Cash-flowing duplex with oversized units and strong in-place income! This fully occupied duplex generates $1,500/month per unit with long-term tenants in place who wish to remain, offering immediate and stable cash flow from day one. Unit 1501 - 3 beds/1 bath
Unit 202 - 4 beds/1 bath Each unit features approximately 2,000 square feet of living space (to seller's best knowledge), significantly larger than typical duplex units, making this a highly desirable rental option in the Springfield market. The property also includes a spacious parking area accommodating 4+ vehicles, adding convenience for tenants and long-term rental appeal. Tenants are currently on month-to-month arrangements, providing flexibility for new ownership while maintaining proven rental history (per seller). Property is in functional condition and positioned as a strong investment opportunity with stability. Ideal for investors seeking: Strong cash flow
Large unit layouts
Stable occupancy
Opportunity to formalize leases and optimize operations
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,468
Year Built
- Built in 1901
Lot Details
- 7,405 Sq Ft Lot
Home Design
- 4,058 Sq Ft Home
- Duplex
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- Basement
Community Details
- 2 Units
- Gross Income $36,000
Listing and Financial Details
- Assessor Parcel Number 3400700028204001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,915 | $48,080 | $2,990 | $45,090 |
| 2024 | $1,869 | $36,030 | $2,690 | $33,340 |
| 2023 | $1,780 | $36,030 | $2,690 | $33,340 |
| 2022 | $1,901 | $36,030 | $2,690 | $33,340 |
| 2021 | $1,580 | $28,760 | $2,140 | $26,620 |
| 2020 | $1,584 | $28,760 | $2,140 | $26,620 |
| 2019 | $1,588 | $28,760 | $2,140 | $26,620 |
| 2018 | $906 | $15,750 | $1,940 | $13,810 |
| 2017 | $965 | $36,628 | $1,943 | $34,685 |
| 2016 | $967 | $36,628 | $1,943 | $34,685 |
| 2015 | $27,111 | $39,568 | $1,943 | $37,625 |
| 2014 | $2,372 | $39,568 | $1,943 | $37,625 |
| 2013 | $15,172 | $39,568 | $1,943 | $37,625 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/17/2026 04/17/26 | For Sale | $259,900 | -- | $64 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $54,000 | Ohio Real Estate Title Inc | |
| Warranty Deed | $36,600 | Ohio Real Estate Title | |
| Warranty Deed | -- | Attorney | |
| Special Warranty Deed | $27,200 | None Available | |
| Interfamily Deed Transfer | -- | Attorney | |
| Sheriffs Deed | $33,334 | Attorney | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $94,000 | -- | |
| Deed | $90,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $25,000 | Purchase Money Mortgage | |
| Previous Owner | $75,000 | Purchase Money Mortgage |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226012601
APN: 34-00700-02820-4001
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Information is deemed reliable but not guaranteed.
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