NOT LISTED FOR SALE

404 E Madison Ave Unit 406 Springfield, OH 45503

Springfield Area

Estimated Value: $165,086

6 Beds
2 Baths
3,232 Sq Ft
$51/Sq Ft Est. Value

Sale Details

Date Sold: October 22, 2025

Last sale price $140,000 $43 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,104 / mo

15 Days on Market

About This Home

As of October 2025

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.

Last Agent to Sell the Property

Jessica McCune

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

Berkshire Hathaway Professional Realty

Last Buyer's Agent

Kellee Markwell

Lagonda Creek Real Estate, LLC License #2012001473

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,968

Year Built

  • Built in 1911

Lot Details

  • 7,405

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

7,405 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Semi-Annual Tax: 983.89
  • Year Built: 1911
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2025
Closed on
Oct 22, 2025
Sold by
Mccune Jessica and Mccune Corbin
Bought by
Seller's Agent
Jessica McCune
Berkshire Hathaway Professional Realty
Buyer's Agent
Kellee Markwell
Lagonda Creek Real Estate, LLC
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Views
5
Current Estimated Value
$165,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,086
Avg. Annual Appreciation
19.17%
Original Mortgage
$160,960
Outstanding Balance
$41,201
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
$123,885

Purchase Details

Closed on
May 16, 2025
Sold by
Cornelison Brant P
Bought by
Mccune Corbin and Mclemore Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.62%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 2021
Sold by
Cornell Estates Llc
Bought by
Cornelison Brant P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2006
Sold by
Miller Iva J and Miller Iva Joy
Bought by
Cornell Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
6.41%
Mortgage Type
Unknown
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Springfield, OH

  • Jeffrey Sherby Real Estate Agent - BHHS Professional Realty

    Jeffrey Sherby

    BHHS Professional Realty

    (513) 586-7195

    61 Total Sales

    1 in Springfield

    $180,000 Price

    Jeffrey Sherby
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  • Kristine Wights Real Estate Agent - Luma Realty

    Kristine Wights

    Luma Realty

    (937) 752-5032

    131 Total Sales

    1 in Springfield

    $152,000 Price

    Kristine Wights
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  • Jason Gelhar Real Estate Agent - Howard Hanna Real Estate Serv

    Jason Gelhar

    Responds Quickly

    Howard Hanna Real Estate Serv

    (937) 930-3608

    83 Total Sales

    2 in Springfield

    $110K - $127K Price Range

    Jason Gelhar
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  • Todd Broomhall Real Estate Agent - Keller Williams Home Town Rlty

    Todd Broomhall

    Keller Williams Home Town Rlty

    (937) 800-4210

    266 Total Sales

    2 in Springfield

    $155,000 Price Range

    Todd Broomhall
     Section Image
  • John Crain Real Estate Agent - Howard Hanna Real Estate Services

    John Crain

    Howard Hanna Real Estate Services

    (937) 403-9673

    188 Total Sales

    27 in Springfield

    $22K - $348K Price Range

    John Crain
     Section Image
  • Letisha Parks Real Estate Agent - EXP Realty, LLC

    Letisha Parks

    EXP Realty, LLC

    (833) 991-4546

    29 Total Sales

    1 in Springfield

    $165,000 Price

    Letisha Parks
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$140,000 None Listed On Document
Mccune Corbin $545,000 None Listed On Document
Cornelison Brant P $294,600 Cole Acton Harmon Dunn
Cornell Estates Llc $44,100 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $160,960
Previous Owner Mccune Corbin $450,000
Previous Owner Cornelison Brant P $366,000
Previous Owner Cornell Estates Llc $48,707
Previous Owner Cornell Estates Llc $90,879
Previous Owner Cornell Estates Llc $89,768
Previous Owner Cornell Estates Llc $89,600
Previous Owner Cornell Estates Llc $46,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/22/2025 10/22/25 Sold $140,000 -6.7% $43 / Sq Ft
09/25/2025 09/25/25 Pending -- -- --
09/22/2025 09/22/25 For Sale $150,000 0.0% $46 / Sq Ft
09/16/2025 09/16/25 Pending -- -- --
09/10/2025 09/10/25 For Sale $150,000 -- $46 / Sq Ft
Source: Western Regional Information Systems & Technology (WRIST)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,418 $61,680 $7,070 $54,610
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

Agents Affiliated with this Home

  • JM

    Seller's Agent in 2025

    Jessica McCune

    Berkshire Hathaway Professional Realty

    (937) 510-4081

    18 Total Sales

    Jessica McCune
    Section Image
  • Kellee Markwell Real Estate Agent - Lagonda Creek Real Estate, LLC

    Buyer's Agent in 2025

    Kellee Markwell

    Lagonda Creek Real Estate, LLC

    (937) 360-3767

    55 Total Sales

    Kellee Markwell
    Section Image
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Map

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

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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