1701 Lexington Ave Springfield, OH 45505
Estimated payment $3,913/month
About This Home
This newly renovated & re-imagined duplex in the heart of the Brain All subdivision is a prime opportunity for the next business-minded buyer! Located in an area known for its rich entrepreneurial heritage, this corner property has been transformed into a Self-Care Beauty Multi-Plex, offering a perfect blend of modern convenience & historic charm. This unique business complex is a HUGE money maker with weekly cash-flow! *Weekly Cash Flow: 4 Fridays-$5637 or 5 Fridays-$6425 (Current rates with 1 suite vacancy) The main level features 9 fully equipped salon suites, complete w/ shampoo bowls, stylish suits & ample lighting. Designed w/ contemporary hard surface flooring, white trim, & sleek doors, the interior creates a fresh, professional atmosphere. All suites are rented on a weekly basis, w/ just one currently available for a new tenant. The average suite size is 9x11 with 2 larger suites measuring 11x11.This level also offers 2 handicap accessible bathrooms plus a BIG entry waiting space. There's even an office suite; 11x11 w/ a private entry. For added convenience, a 9x10 community laundry/washroom is available for suite owners, making daily operations smooth & hassle-free. The property boasts a low 5% vacancy rate, proving its strong rental history. *Upper Level Income: Monthly=$2050 On the upper level (with outside entry) houses 3 fully rented apartments. 1 unit offers 2 bedrooms, 1 bath, kitchen & living room. These units have new cabinetry, hard surface flooring and same neutral interior paint.The stairway leads to the common area used for communal laundry facilities. These apartments are a great source of additional steady income. There is off street parking available behind building. Graveled lot. Back door exit accessible. Significant improvements including: new flooring in all units, updated plumbing, New flat roof. New HVAC system ensuring that this property is in move-in condition; turn-key business operation & equipped for the future!
Listing Agent
Real Estate II Inc. Brokerage Phone: (937) 390-3119 License #0000267155 Listed on: 10/14/2024
Property Details
Home Type
- Multi-Family
Year Built
- 1891
Lot Details
- 7,501 Sq Ft Lot
- Lot Dimensions are 50x150
Parking
- No Garage
Home Design
- Aluminum Siding
Interior Spaces
- 6,468 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Partial Basement
- Attic
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 3400700028222001
Community Details
Overview
- 3 Units
- Brain Subdivision
Building Details
- Gross Income $7,687
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 | $2,752 | $41,180 | $2,720 | $38,460 |
| 2024 | -- | $37,280 | $1,940 | $35,340 |
| 2023 | $2,705 | $37,280 | $1,940 | $35,340 |
| 2022 | $860 | $37,280 | $1,940 | $35,340 |
| 2021 | $2,723 | $37,280 | $1,940 | $35,340 |
| 2020 | $2,723 | $37,280 | $1,940 | $35,340 |
| 2019 | $2,889 | $37,280 | $1,940 | $35,340 |
| 2018 | $1,697 | $23,120 | $1,940 | $21,180 |
| 2017 | $1,708 | $23,122 | $1,943 | $21,179 |
| 2016 | $1,699 | $23,122 | $1,943 | $21,179 |
| 2015 | $1,719 | $23,122 | $1,943 | $21,179 |
| 2014 | $1,700 | $23,122 | $1,943 | $21,179 |
| 2013 | $1,662 | $23,122 | $1,943 | $21,179 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2024 10/24/24 | Price Changed | $690,000 | 0.0% | $107 / Sq Ft | |
| 10/14/2024 10/14/24 | For Sale | $690,000 | -1.4% | $107 / Sq Ft | |
| 10/10/2024 10/10/24 | For Sale | $700,000 | +1900.0% | $108 / Sq Ft | |
| 02/26/2021 02/26/21 | Sold | $35,000 | -23.1% | $5 / Sq Ft | View Prior Sale |
| 02/10/2021 02/10/21 | Pending | -- | -- | -- | |
| 02/05/2021 02/05/21 | For Sale | $45,500 | -- | $7 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $35,000 | Team Ttl & Closing Svcs Llc | |
| Quit Claim Deed | -- | Attorney |
Source: Dayton REALTORS®
MLS Number: 921811
APN: 34-00700-02822-2001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by Dayton Area Board of Realtors MLS. Information deemed reliable but not guaranteed. Information is provided for the consumer's personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Dayton Area Board of Realtors MLS. All Rights Reserved.
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