424 N Shaffer St Springfield, OH 45504
Estimated payment $724/month
Total Views
10,874
3
Beds
2
Baths
2,068
Sq Ft
$60
Price per Sq Ft
Highlights
- Colonial Architecture
- Porch
- Forced Air Heating System
- No HOA
About This Home
Attention investors--424-424 1/2 N. Shaffer St presents a strong opportunity to acquire an affordable property with solid upside potential. Located in an established neighborhood of Springfield, this home offers the kind of price point and positioning that makes sense for both seasoned investors and those looking to expand their rental portfolio.The property features a practical layout with comfortable living space and a manageable footprint, helping to keep renovation and ongoing maintenance costs in check. With strategic updates and improvements, there is clear potential to increase value and maximize rental income. The area continues to see steady demand for affordable housing, supporting consistent tenant interest and long-term investment stability.Conveniently situated near local amenities, shopping, dining, and major roadways, the location enhances rental appeal and accessibility. Whether you are looking for your next buy-and-hold property, a light value-add project, or a cost-effective entry into the Springfield market, 424-424 1/2 N Shaffer offers compelling investment potential. 424 N. Shaffer St and 705-705 1/2 Grant St can also be purchased as a package. Upstairs tenant pays $1100 per month with matching deposit, prefers to stay. Upstairs unit was recently updated with new paint, floors and new appliances installed. Downstairs unit currently being rehabbed, tenant recently vacated. Curbside offers only, please do not disturb tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $958
Year Built
- Built in 1898
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 46 x 105
Parking
- No Garage
Home Design
- Duplex
- Colonial Architecture
- Combination Foundation
- Block Foundation
- Stone Foundation
Interior Spaces
- 2,068 Sq Ft Home
- 2-Story Property
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Basement
- Partial Basement
- Crawl Space
Outdoor Features
- Porch
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 3400600005408002
Map
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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 | $798 | $21,520 | $3,720 | $17,800 |
| 2024 | $2,096 | $15,740 | $3,210 | $12,530 |
| 2023 | $1,223 | $15,740 | $3,210 | $12,530 |
| 2022 | $796 | $15,740 | $3,210 | $12,530 |
| 2021 | $414 | $7,530 | $2,660 | $4,870 |
| 2020 | $415 | $7,530 | $2,660 | $4,870 |
| 2019 | $719 | $13,020 | $2,660 | $10,360 |
| 2018 | $813 | $14,130 | $3,130 | $11,000 |
| 2017 | $812 | $14,130 | $3,126 | $11,004 |
| 2016 | $813 | $14,130 | $3,126 | $11,004 |
| 2015 | $879 | $14,963 | $3,126 | $11,837 |
| 2014 | $875 | $14,963 | $3,126 | $11,837 |
| 2013 | $865 | $14,963 | $3,126 | $11,837 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/18/2026 02/18/26 | For Sale | $125,000 | +150.0% | $60 / Sq Ft | |
| 02/27/2023 02/27/23 | Sold | $50,000 | -15.3% | $24 / Sq Ft | View Prior Sale |
| 02/12/2023 02/12/23 | Pending | -- | -- | -- | |
| 02/09/2023 02/09/23 | For Sale | $59,000 | +18.0% | $29 / Sq Ft | |
| 08/20/2021 08/20/21 | Sold | $50,000 | +0.2% | $24 / Sq Ft | View Prior Sale |
| 08/12/2021 08/12/21 | Pending | -- | -- | -- | |
| 08/10/2021 08/10/21 | For Sale | $49,900 | -- | $24 / Sq Ft |
Source: Western Regional Information Systems & Technology (WRIST)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | Team Title & Closing Services | |
| Warranty Deed | $270,000 | Team Title & Closing Services | |
| Warranty Deed | $50,000 | Team Title & Closing Services | |
| Warranty Deed | $50,000 | Team Ttl & Closing Svcs Llc | |
| Warranty Deed | $6,000 | Ohio Real Estate Title | |
| Warranty Deed | $55,900 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $28,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $459,998 | New Conventional | |
| Previous Owner | $30,000 | Purchase Money Mortgage |
Source: Public Records
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Source: Western Regional Information Systems & Technology (WRIST)
MLS Number: 1043836
APN: 34-00600-00540-8002
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