640 Jefferson Street, Greenfield, OH 45123 (MLS# 226011063)

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640 Jefferson Street, Greenfield, OH 45123

$77,900

Property Type: Multi-Family Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $77,900 List Date: 4/08/2026 Last Modified: 4/29/2026

Overview

Description

Opportunity knocks in Greenfield--this 3-unit property offers immediate upside at an attractive price point. One unit is nearly rent-ready, while the other two need light cosmetic improvements, making this an ideal value-add for investors looking to build equity and cash flow quickly. Market rents support ~$600/month per unit, positioning the property for approximately $1,800/month ($21,600 annually) once stabilized. With conservative expenses, this asset has the potential to perform in the mid-to-high teens cap rate range. Low entry, strong rent potential, and a clear path to stabilization--this is a solid addition to any portfolio.

Listing Details MLS# 226011063

Location Property Info

Original List Price: 79900
Property Sub Type: Duplex
Street #: 640
Street Name: Jefferson
Street Suffix: Street
County: Highland
State: OH
Zip Code: 45123
School District: GREENFIELD EVSD 3603 HIG CO.
Township: Greenfield

OfficeContract Info

MLS Entry Date: 2026-04-08

General Property Info

Number of Units: 3
Building Sqft: 2193
Year Built: 1920
Built Prior to 1978: Yes
Lot Size (Side): 165
Acreage: 0.15

Tax Info

Parcel #: 27-15-001-169.00
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 1494

1 Bedroom

1 Bedroom # of Units: 3

Auction Info

Auction/Online Bidding Y/N: No

More Information

Location & Property Info

List Price/SqFt: 35.52
City (Mailing Addr): Greenfield
Corp LimitPerAuditor: Greenfield

Office/Contract Info

For Sale: Yes
Exchange: Yes

Remarks & Misc

Property Description: Opportunity knocks in Greenfield--this 3-unit property offers immediate upside at an attractive price point. One unit is nearly rent-ready, while the other two need light cosmetic improvements, making this an ideal value-add for investors looking to build equity and cash flow quickly. Market rents support ~$600/month per unit, positioning the property for approximately $1,800/month ($21,600 annually) once stabilized. With conservative expenses, this asset has the potential to perform in the mid-to-high teens cap rate range. Low entry, strong rent potential, and a clear path to stabilization--this is a solid addition to any portfolio.

Income/Expenses

Gross Income: 21600
Net Operating Income: 12960
Total Expenses: 21600

Addl Acceptance Cond

None Known: Yes

Parking Features

No Garage: Yes

Tenant Pays

Gas: Yes
Water: Yes
Electricity: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: No Garage Tenant Pays: Electricity; Gas; Water MLS Primary PhotoSrc: Realtor Provided

Listing Office: Keller Williams Greater Cols

Listing Agent: Ginson D Speich

Last Updated: April - 29 - 2026

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