Property Description

Unique investment opportunity in the heart of Springboro downtown district! Formerly operated as a hotel, this property is currently configured and used as a multifamily investment property with excellent income and expansion potential. The property currently features two functioning units with the possibility for four additional units, offering a rare opportunity for investors looking to maximize value and future cash flow. Situated in a highly desirable location near downtown amenities, shops, restaurants, and entertainment, this property offers endless possibilities for redevelopment, renovation, or long-term investment. One unit was recently vacated, providing added flexibility for future plans. Offered at $300,000.

40 S Main Street | MLS# 960311

This multi-family property located at 40 S Main Street, Springboro, OH 45066 is currently listed for sale with an asking price of $300,000. S Main Street is located within the Springboro school district. Search Springboro real estate on 718oldoakunit8.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: None

Heating: Forced Air

Lot Size: 0.17 Acres

Taxes: $3,014

Year Built: 1837

Feature Descriptions

Basement Features: Crawl Space

Exterior: Frame, Stone

Local Schools

School District: Springboro

Demographics

Warren County Demographic Information for 40 S Main Street, Springboro, OH 45066

Fips

Fips Code 39165

Population

2020 to 2025 Change up 6.1%

2010 Count 212,693

2020 Count 242,337

2025 Estimate (V2025) 257,181

2020 Estimate (V2025) 242,346

Age Distribution (Years Old)

0 to 4 5.1%

5 to 17 23.3%

18 to 64 54.7%

65 and Older 16.9%

Gender

Male 50.6%

Female 49.4%

Place of Birth

Foreign 9.1%

US 90.9%

Education

High School Graduate, Age 25+ 95.1%

Bachelor's Degree or Higher, Age 25+ 45.6%

Computer and Internet use

Households with a computer 97.5%

Households with a broadband Internet subscription 94.9%

Language

English is Second Language, Age 5+ 10.8%

English is First Language, Age 5+ 89.2%

Veterans

Veterans 12,646

Income

Per Capita Income $53,621

Median Household Income $110,132

People in Poverty 6.6%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 96,489

Households 92,052

Average Household Size 2.66

Owner-Occupied 79.4%

Multi-Family 15.5%

Owner-Occupied Median Value $349,400

Median selected monthly owner costs -with a mortgage $1,974

Median selected monthly owner costs -without a mortgage $756

Median gross rent $1,361

Building Permits

New Private Housing Issued 2024 1,232

Years at Residence

1 Year or More 90.0%

Less Than 1 Year 10.0%

Business and Employment

Private non-farm Establishments 4,826

Private non-farm Employment 82,752

Private non-farm Employment Growth up 1.2%

Nonemployer Establishments 21,640

Number of Firms 3,663

Business Production

Value of Shipments $4,514,123,000

Wholesale Trade $3,800,320,000

Retail Trade $2,934,129,000

Retail Sales Per Capita $13,461

Accommodation and Food Services $463,168,000

Land

Land Area 401.31 sq. miles

Population Per Square Mile 530

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,879.38 per month $1,540.72 Principal & Interest $251.17 Property Tax $87.50 Homeowner's Insurance

Change Payment Information

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40 S Main StreetSpringboro, OH 45066