Movoto Real Estate
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  • Other
  • Entry Way
  • Bath
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1701 Lexington Ave, Springfield, OH 45505

$690,000
  • 4

    bed

  • 3

    bath

  • 6,468

    Sqft ($107/Sqft)

Multi-family for sale 218 days

About 1701 Lexington Ave

Property type Multi-family
Neighborhood
Year built 1891
HOA fee $0/month
Lot size 7,501 Sqft
Property description
This newly renovated & re-imagined duplex in the heart of the Brain All subdivision is a prime opportunity for the next business-minded buyer! Located in an area known for its rich entrepreneurial heritage, this corner property has been transformed into a Self-Care Beauty Multi-Plex, offering a perfect blend of modern convenience & historic charm. This unique business complex is a HUGE money maker with weekly cash-flow! *Weekly Cash Flow: 4 Fridays-$5637 or 5 Fridays-$6425 (Current rates with 1 suite vacancy) The main level features 9 fully equipped salon suites, complete w/ shampoo bowls, stylish suits & ample lighting. Designed w/ contemporary hard surface flooring, white trim, & sleek doors, the interior creates a fresh, professional atmosphere. All suites are rented on a weekly basis, w/ just one currently available for a new tenant. The average suite size is 9x11 with 2 larger suites measuring 11x11.This level also offers 2 handicap accessible bathrooms plus a BIG entry waiting space. There's even an office suite; 11x11 w/ a private entry. For added convenience, a 9x10 community laundry/washroom is available for suite owners, making daily operations smooth & hassle-free. The property boasts a low 5% vacancy rate, proving its strong rental history. *Upper Level Income: Monthly=$2050 On the upper level (with outside entry) houses 3 fully rented apartments. 1 unit offers 2 bedrooms, 1 bath, kitchen & living room. These units have new cabinetry, hard surface flooring and same neutral interior paint.The stairway leads to the common area used for communal laundry facilities. These apartments are a great source of additional steady income. There is off street parking available behind building. Graveled lot. Back door exit accessible. Significant improvements including: new flooring in all units, updated plumbing, New flat roof. New HVAC system ensuring that this property is in move-in condition; turn-key business operation & equipped for the future!
Listed by
Listing Agent - Alva L Fulk
Listing Agent Contact: (937) 390-3119
Listing Office - Real Estate II Inc.
Source: DABR MLS mls logo
MLS#921811 • last updated 2 months ago
Movoto checked DABR MLS for data 4 minutes ago
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Overview
Cooling/AC Central Air
Property Type Residential Income
SubType Multi Family
MLS # 921811
Status Active
SqFt 6468
Lot Size (Sqft) 7501
Lot Size (Acres) 0.1722
Parcel Number 3400700028222001
Interior
Total # of Bathrooms 3
# of Full Baths 3
Total # of Bedrooms 4
Interior Features Attic
Exterior
Construction Aluminum Siding
Parking No Garage
Amenities / Utilities
Water Source Public
Location
Elementary School District Springfield
High School District Springfield
Middle School District Springfield
Zoning Multiple
Multifamily Details
Total # of Buildings 1
Total # of Units 3
Gross Income 7687
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Source: GreatSchools.org © 2026. All rights reserved.

Around Brain

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  • Real Estate
  • OH
  • Clark County
  • Springfield
  • 45505
  • 1701 Lexington Ave

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