NOT LISTED FOR SALE

405 N Race St Springfield, OH 45504

7 Beds
7 Baths
2,570 Sq Ft
7,405 Sq Ft Lot

Last Sold August 08, 2023

Last sale price $225,000 $88 Per Sq Ft

48 Days on Market

About This Home

As of August 2023

Looking for investors to add this 7 Unit property to their portfolio. All 7 units are occupied. Each Unit is a 1 bedroom/1 bath unit with living room and kitchen.

Last Agent to Sell the Property

Michele Hines

Berkshire Hathaway HS Pro Rlty License #2007005219 Listed on: 06/17/2023

Berkshire Hathaway HS Pro Rlty

Last Buyer's Agent

Remington Lyman

Reafco License #2022001862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1891

Lot Details

  • 7,405

Parking

  • Common or Shared Parking

Home Design

  • 2,570 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction

Additional Features

  • 7,405 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, sewer, trash collection, water
  • Assessor Parcel Number 3400600005412036

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $779
  • Gross Income $3,550
  • Net Operating Income $2,871

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,580

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1891
  • Tax Year: 2022
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.17
  • Total Gross Income: 3550.0
  • Co List Office Phone: 614-499-5406
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 94.75
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 3550.0
  • Annual Expenses: 779.0
  • General Property Info Building Sq Ft: 2570.0
  • Heat Fuel Electric4: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Water Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Parking Features Common: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Water Available, Electricity Available

Schools

  • Junior High Dist: SPRINGFIELD CSD 1206 CLA CO.

Lot Info

  • Parcel Number: 3400600005412036
  • Lot Size Sq Ft: 7405.2
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Electricity, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 7
  • Net Operating Income: 2871.0
  • Annual Operating Expense: 779.0

Tax Info

  • Tax Annual Amount: 1580.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2023 08/08/23 Sold $225,000 -7.6% $88 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $243,500 -- $95 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

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
2025 $2,437 $76,090 $6,290 $69,800
2024 $1,554 $21,410 $4,540 $16,870
2023 $1,554 $21,410 $4,540 $16,870
2022 $1,580 $21,410 $4,540 $16,870
2021 $1,564 $21,410 $4,540 $16,870
2020 $1,564 $21,410 $4,540 $16,870
2019 $1,568 $21,410 $4,540 $16,870
2018 $1,517 $20,670 $4,540 $16,130
2017 $1,527 $20,668 $4,536 $16,132
2016 $1,519 $20,668 $4,536 $16,132
2015 $1,537 $20,668 $4,536 $16,132
2014 $1,520 $20,668 $4,536 $16,132
2013 $1,486 $20,668 $4,536 $16,132
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223016306

Columbus and Central Ohio Regional MLS