Property Description

Investment Opportunity! This spacious double offers the perfect opportunity for investors looking to offset their mortgage with rental income. Both sides are currently tenant occupied, providing immediate cash flow. Tenant rights apply. Each unit features 3 bedrooms and 1 full bathroom upstairs, with generously sized rooms throughout. The main level showcases beautiful wood floors, a large living room with charming decorative fireplace, and a dining area complete with a built-in bench storage that adds both character and functionality. A convenient mudroom provides additional storage and everyday practicality. Enjoy the architectural details, large windows that fill the home with natural sunlight, and the inviting front porch. Outside, you will find a decent sized yard and a detached garage. Whether youre expanding your investment portfolio or searching for a home with income-producing potential, this double delivers space, character, and opportunity all in one package. Schedule your showing today!

509-511 E Northern Avenue | MLS# 1046616

This multi-family property located at 509-511 E Northern Avenue, Springfield, OH 45503 is currently listed for sale with an asking price of $175,000. 509-511 E Northern Avenue is located within the Springfield school district. Search Springfield real estate on 212caseroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Full, Unfinished

Days on Market: 30

Fireplaces: 1

Garage: Detached

Garage: 1.5

Heating: Forced Air, Natural Gas

Home Style: Wood Frame

Lot Size: 0.16 Acres

Taxes: $2,225

Year Built: 1921

Amenities

No Window Coverings

Attic

Porch

Feature Descriptions

Exterior: Wood Siding

Fireplace: Decorative, One Fireplace

Lot: Residential Lot

Lot Dimensions: 50x142

Parcel ID: 3400700035208007

Sewer: Public Sewer

Special Features: Enclosed Porch

Structure Type: Duplex

Utilities: Natural Gas Connected, Sewer Connected

Water: Supplied Water

Zoning: Residential

Local Schools

School District: Springfield

Demographics

Clark County Demographic Information for 509-511 E Northern Avenue, Springfield, OH 45503

Fips

Fips Code 39023

Population

2020 to 2025 Change down 0.5%

2010 Count 138,333

2020 Count 136,001

2025 Estimate (V2025) 135,340

2020 Estimate (V2025) 135,971

Age Distribution (Years Old)

0 to 4 5.8%

5 to 17 22.1%

18 to 64 50.8%

65 and Older 21.3%

Gender

Male 49.1%

Female 50.9%

Place of Birth

Foreign 2.6%

US 97.4%

Education

High School Graduate, Age 25+ 89.0%

Bachelor's Degree or Higher, Age 25+ 20.2%

Computer and Internet use

Households with a computer 94.4%

Households with a broadband Internet subscription 90.4%

Language

English is Second Language, Age 5+ 4.2%

English is First Language, Age 5+ 95.8%

Veterans

Veterans 9,204

Income

Per Capita Income $33,791

Median Household Income $63,132

People in Poverty 14.1%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 61,154

Households 55,975

Average Household Size 2.37

Owner-Occupied 69.4%

Multi-Family 15.5%

Owner-Occupied Median Value $169,900

Median selected monthly owner costs -with a mortgage $1,262

Median selected monthly owner costs -without a mortgage $523

Median gross rent $872

Building Permits

New Private Housing Issued 2024 232

Years at Residence

1 Year or More 88.1%

Less Than 1 Year 11.9%

Business and Employment

Private non-farm Establishments 2,196

Private non-farm Employment 42,831

Private non-farm Employment Growth down 3.2%

Nonemployer Establishments 7,662

Number of Firms 1,640

Business Production

Value of Shipments $2,405,696,000

Wholesale Trade $1,808,100,000

Retail Trade $1,411,399,000

Retail Sales Per Capita $11,235

Accommodation and Food Services $207,893,000

Land

Land Area 397.47 sq. miles

Population Per Square Mile 348

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,132.89 per month $896.44 Principal & Interest $185.42 Property Tax $51.04 Homeowner's Insurance

Change Payment Information

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