Clark County · Springfield
Sell Your Commercial Property In Springfield, OH
From New Carlisle to Park Layne, we buy Springfield multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: New Carlisle · Enon · Park Layne · Northridge — Clark County, OH
Why Springfield
Why We Buy Multifamily In Springfield
Springfield is close to an even split between owners and renters. The Census Bureau's 2020–2024 American Community Survey counts 11,730 renter households out of 24,650 occupied homes, a 47.6% renter share, with a median gross rent of $851 and a median household income of $47,143.
Recent arrivals add pressure the five-year data may not fully show: city officials estimated 15,000 to 20,000 new Haitian residents by 2024, in a city of under 60,000, as reported by the Springfield News-Sun. For apartment owners, the Clark County tax year 2025 commercial effective rate inside the Springfield City Schools district is 62.42 mills, and the city runs an annual rental registry.
Rapid population inflow since 2020
City officials estimated 15,000 to 20,000 new Haitian residents had arrived by 2024, according to the Springfield News-Sun, in a city that previously had just under 60,000 people.Voucher rents above city rents
HUD's FY2026 two-bedroom Fair Market Rent for the Springfield MSA is $1,106, about $255 above the city's $851 median gross rent in the ACS 2020–2024.A near-majority renter city
The ACS 2020–2024 counts 11,730 renter households, 47.6% of occupied homes, with 4,659 homes in buildings of five or more units.Our Buy Box
What We Buy In Springfield
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Springfield Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Springfield
Springfield has 58,190 residents in the ACS 2020–2024 estimates, and 11,730 of its 24,650 occupied homes, 47.6%, are rented. The median household income is $47,143. About 43.5% of renter households spend 30% or more of income on rent, and 22.0% spend half or more. Those estimates average 2020 to 2024, and the Springfield News-Sun reported in 2024 that city officials put new Haitian residents at 15,000 to 20,000, so recent demand is likely understated in the Census figures.
Rents and the apartment stock
The median gross rent is $851 including utilities. HUD's FY2026 Fair Market Rents for the Springfield MSA are higher at every size above a one-bedroom:
| Unit size | HUD FY2026 FMR |
|---|---|
| Efficiency | $763 |
| One-bedroom | $843 |
| Two-bedroom | $1,106 |
| Three-bedroom | $1,355 |
| Four-bedroom | $1,572 |
The two-bedroom FMR sits about $255 above the city median, so voucher tenancies can out-earn many local leases. A household paying the $851 median needs about $34,000 a year to keep rent at 30% of income.
The stock is old, with a median year built of 1953. Of 27,758 units, 17,796 are detached houses and 2,701 attached; duplexes add 1,125 units and three- and four-unit buildings 1,362. Buildings of five or more units hold 4,659 homes, 16.8%: 1,699 in five- to nine-unit buildings, 922 in buildings of 10 to 19, 566 in buildings of 20 to 49 and 1,472 in complexes of 50 or more.
Property taxes in Clark County
Ohio taxes 35% of market value, and apartments of four or more units are commercial under the state's land-use codes, so the 10% rollback does not apply. Clark County's 2025 rates of taxation list 87.84 total mills for the Springfield Corporation–Springfield City Schools district, with a commercial effective rate of 62.42 mills, about 2.18% of market value, and a residential rate of 48.82. On a $1 million building that is about $21,800 a year. City parcels in the Clark-Shawnee district pay 53.32 commercial mills and those in Northeastern 54.30. Owners can contest values at the Board of Revision by March 31 under ORC 5715.19.
Landlord rules
Ohio bars rent control under ORC 5321.19. Springfield's rental property registry is annual: $35 for a single-unit property, $25 per unit in buildings of two or more units, and no more than $750 per owner or LLC, so a 20-unit building pays $500. Owners also file with the county under ORC 5323.02, and deposits above the greater of $50 or one month's rent earn 5% interest after six months under ORC 5321.16.
What this means if you own a building here
Buyers will weigh a growing renter base against low median rents, older buildings and a tax bill near 2.2% of value. Skyline buys 5+ unit buildings in Springfield, New Carlisle, Enon, Park Layne and Northridge; start at sell my apartment building or use the cap rate calculator.
Local Knowledge
Selling In Springfield
Planning to sell commercial property in Springfield, OH? These are the factors that shape our offer.
More about selling in Ohio →Investing in Springfield? See apartment syndications in Springfield →
- Springfield requires annual rental registration at $25 per unit in buildings with two or more units, capped at $750 per owner or LLC, through the city's online system.
- The Springfield Corporation–Springfield City Schools district carries a tax year 2025 commercial effective rate of 62.42 mills, about 2.18% of market value, versus 48.82 mills for homes.
- Parts of the city sit in other school districts with lower commercial rates, including 53.32 mills in the Clark-Shawnee district and 54.30 mills in Northeastern, per Clark County.
- Complexes of 50 or more units hold 1,472 Springfield homes, while 1,699 sit in five- to nine-unit buildings, so buyers see both small walk-ups and larger properties.
Seller Guides
Your Situation, Handled — Springfield
Learn More
Taxes & Rules For Springfield Property
The Ohio rules that shape any deal in Springfield: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Springfield Seller FAQ
What is the average rent in Springfield, Ohio?
The ACS 2020–2024 estimate puts Springfield's median gross rent, including utilities, at $851 a month. HUD's FY2026 Fair Market Rents for the Springfield MSA are $763 for an efficiency, $843 for a one-bedroom, $1,106 for a two-bedroom, $1,355 for a three-bedroom and $1,572 for a four-bedroom.
What is the property tax rate on apartment buildings in Springfield?
Clark County's 2025 rates list a total of 87.84 mills for the Springfield Corporation–Springfield City School District. After reduction factors, the commercial effective rate, which applies to apartments with four or more units, is 62.42 mills, about 2.18% of market value a year on Ohio's 35% assessment. The residential rate is 48.82 mills.
Do Springfield landlords have to register rentals?
Yes. The city requires annual rental property registration: $35 for a single-unit property and $25 per unit in buildings with two or more units, with a maximum of $750 per owner or LLC. Owners must also file with the Clark County Auditor under Ohio Revised Code 5323.02.
Does Springfield have rent control?
No. Ohio Revised Code 5321.19 prohibits rent control by Ohio cities. Deposits follow ORC 5321.16: no cap, 5% interest on the amount above the greater of $50 or one month's rent after six months, and an itemized return within 30 days.
What if my Springfield building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Springfield apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Springfield without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Springfield?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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Have A Property In Springfield?
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