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131 E Southern Ave, Springfield, OH 45505

$124,900
  • —

    bed

  • —

    bath

Multi-family for sale 45 days
$8K price drop

About 131 E Southern Ave

Property type Multi-family
Year built 1890
HOA fee $0/month
Lot size 871 Sqft
Property description
SPACIOUS, RENOVATED SIDE-BY-SIDE DOUBLE WITH 7 BEDROOMS, 3 FULL BATHS AND ESTIMATED GROSS RENTAL POTENTIAL OF $2,400 PER MONTH. Offering approximately 3,242 square feet, 131 E Southern features 4 bedrooms and 2 full baths, while 133 E Southern offers 3 bedrooms and 1 full bath. The 133 side has been completely remodeled with a new kitchen, new bathroom, new flooring throughout, fresh paint, new doors, LED lighting, switches and outlets. The 131 side has also undergone substantial improvements. Major capital items have already been addressed, including a brand-new roof, vinyl windows throughout, and separately metered gas and electric. Exterior improvements include fresh paint and repairs to the aluminum siding. Both units offer tall ceilings, spacious rooms, covered front porches and backyard access. With no tenants above or below, the side-by-side layout provides added privacy. Estimated market rents are $1,250 for the 4-bedroom, 2-bath unit and $1,150 for the renovated 3-bedroom, 1-bath unit, creating potential gross income of $28,800 annually. Owner pays water; occupants pay separately metered gas and electric. An excellent opportunity for an investor seeking a substantially improved rental or an owner-occupant looking to offset the mortgage with income from the adjoining unit. Conveniently located near South Limestone Street, downtown Springfield and I-70.
Listed by
Listing Agent - Arthur A Solomon
Listing Agent Contact: 937-429-4500
Listing Office - Coldwell Banker Heritage
Source: Columbus and Central Ohio Regional MLS mls logo
MLS#226031643 • last updated 2 days ago
Movoto checked Columbus and Central Ohio Regional MLS for data 6 minutes ago
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Overview
Cooling/AC None
Heating Forced Air
MLS # 226031643
Status Active
SubType Duplex
Lot Size (SqFt) 871.2
Lot Size (Acres) 0.02
Property Tax 531
Year Built 1890
Interior
Amenities / Utilities
Water Source Public
Location
High School District SPRINGFIELD CSD 1206 CLA CO.
APN 3400700034420007
Multifamily Details
Total # of Units 2
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Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

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87/100
Family
39/100
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  • Real Estate
  • OH
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  • 131 E Southern Ave

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