$150,000

404 E Madison Ave Unit 406 Springfield, OH 45503

Estimated payment $964/month

6 Beds
2 Baths
3,232 Sq Ft
$46 Price per Sq Ft

About This Home

This well-maintained duplex features two spacious 3-bedroom, 1-bath units, each currently rented on month-to-month leases at $900 per month. Together, the property produces $1,800 in monthly rental income with reliable tenants already in place. Both units offer generous layouts and strong rental appeal, making this an excellent choice for investors seeking immediate cash flow. The flexible month-to-month leases offer options to continue as is. Adjust rents, or explore owner-occupancy. Conveniently located near local amenities, this property offers a combination of stability and future potential.

Listing Agent

Jessica McCune

Berkshire Hathaway Professional Realty License #2024005589 Listed on: 09/10/2025

Berkshire Hathaway Professional Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,968

Year Built

  • Built in 1911

Parking

  • No Garage

Home Design

  • 3,232 Sq Ft Home
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 7,405 Sq Ft Lot
  • Heating System Uses Natural Gas
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3400700035215023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,968

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Semi-Annual Tax: 983.89
  • Year Built: 1911
  • Document Count: 2
  • Listing I D: 1041285
  • M L S Approved: Y
  • M L S Identifier: 20190724221641160008000000
  • New Financing: Cash, FHA, Conventional
  • Parcel I D Number Formatted: 3400700035215023
  • Property Group I D: 19990816212116581394000000
  • Type Of Contract: Exclusive Right To Sell
  • Units Rooms Gross Monthly Rent: 1800.00
  • Total Number of Units: 2
  • Condo Lot Y N: No
  • H O A C O A Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Unfinished
  • Price/ Sq Ft: 46.41
  • Total Bedrooms: 6
  • Total Square Footage: 3232.00

Exterior Features

  • Exterior: Vinyl Siding

Garage/Parking

  • Garage: No Garage

Utilities

  • Heating System: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Supplied Water

Schools

  • School District: 1206 Springfield CSD

Lot Info

  • Acres: 0.17
  • Lot Dimensions: 0.172
  • Parcel Id Number: 3400700035215023

Tax Info

  • Tax Year: 2024

MLS Schools

  • School District: 1206 Springfield CSD

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $1,665 $30,180 $6,310 $23,870
2023 $1,665 $30,180 $6,310 $23,870
2022 $1,701 $30,180 $6,310 $23,870
2021 $1,309 $23,820 $4,550 $19,270
2020 $1,312 $23,820 $4,550 $19,270
2019 $1,315 $23,820 $4,550 $19,270
2018 $1,309 $22,760 $3,890 $18,870
2017 $1,308 $31,574 $3,885 $27,689
2016 $1,310 $31,574 $3,885 $27,689
2015 $1,336 $31,574 $3,885 $27,689
2014 $1,845 $31,574 $3,885 $27,689
2013 $1,826 $31,574 $3,885 $27,689
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 For Sale $150,000 -- $46 / Sq Ft
Source: Western Regional Information Systems & Technology (WRIST)

Purchase History

Date Type Sale Price Title Company
Deed $545,000 None Listed On Document
Deed $545,000 None Listed On Document
Warranty Deed $294,600 Cole Acton Harmon Dunn
Warranty Deed $44,100 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 Credit Line Revolving
Closed $450,000 Credit Line Revolving
Previous Owner $366,000 New Conventional
Previous Owner $48,707 Future Advance Clause Open End Mortgage
Previous Owner $90,879 Unknown
Previous Owner $89,768 Unknown
Previous Owner $89,600 Unknown
Previous Owner $46,400 Unknown
Source: Public Records

Source: Western Regional Information Systems & Technology (WRIST)

MLS Number: 1041285

Western Regional Information Systems & Technology (WRIST)

APN: 34-00700-03521-5023

Ohio Clark County Springfield 45503

404 E Madison Ave Unit 406, Springfield, OH

This home is located at 404 E Madison Ave Unit 406, Springfield, OH 45503 and is currently priced at $150,000, approximately $46 per square foot. This property was built in 1911. 404 E Madison Ave Unit 406 is a home located in Clark County with nearby schools including Lagonda Elementary School, Roosevelt Middle School, and Springfield High School.

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.

Western Regional Information Systems & Technology (WRIST) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Listing Agent
Jessica McCune
Section Image
Berkshire Hathaway Professional Realty
(326) 697-5596