Located at 262 Raffensberger Ave., this property presents a rare opportunity for an investor or ministry-minded buyer who understands both value and vision. Positioned on a corner lot in a quiet neighborhood on the east side of Springfield, this home offers flexibility, upside, and long-term potential.
The home has good bones and all utilities are currently on, including heat, water, and electric. It was recently rented, making it a viable investment property from day one, while also offering the option to serve as a ministry home or parsonage. The layout includes two bedrooms upstairs, one full bathroom, and on the main level a kitchen, dining room, and living room. A basement provides additional space, ideal for storage or mechanical access.
The property does need some TLC, including paint, flooring, and cosmetic updates, allowing the next owner to add value and tailor it to their vision. Whether you’re looking to renovate and hold, rent, or occupy, the fundamentals are already in place.
What truly sets this opportunity apart is the bigger picture. An adjacent lot sits next to the home, and beyond that is a full church that can be purchased together or separately. The home is offered at $69,900, the church at $59,900, and the lot price is negotiable. This creates a unique chance to assemble a multi-parcel investment, develop the lot in the future, or establish a centralized ministry campus.
With ample parking potential due to its corner location and proximity to the church and additional land, this property offers more than a house—it offers options. For the investor with foresight and the heart to serve, this is an opportunity where stewardship and strategy meet.
For sale
$69,900
262 Raffensperger Ave, Springfield, OH 45505
2beds
1,148sqft
Est.:
Single Family Residence
Built in 1911
9,600.62 Square Feet Lot
$68,400 Zestimate®
$61/sqft
$-- HOA
What's special
- 3 hours |
- 177 |
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Zillow last checked: 8 hours ago
Listing updated: 11 hours ago
Listed by:
Arthur Solomon (937)322-0352,
Coldwell Banker Heritage,
Cassandra Solomon 937-405-5677,
Coldwell Banker Heritage
Source: DABR MLS,MLS#: 951876
Originating MLS: Dayton Area Board of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Heating
- Other
Cooling
- None
Interior area
- Total structure area: 1,148
- Total interior livable area: 1,148 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,600.62 Square Feet
Details
- Parcel number: 3400700022117001
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Cellar
Condition
- Year built: 1911
Community & HOA
Community
- Subdivision: East High
HOA
- Has HOA: No
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $61/sqft
- Tax assessed value: $69,040
- Annual tax amount: $1,225
- Date on market: 2/7/2026
Estimated market value
$68,400
$46,000 - $96,000
$1,231/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/7/2026 | Listed for sale | $69,900+55.3%$61/sqft |
Source: | ||
| 1/20/1993 | Sold | $45,000$39/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,225 +2.6% | $24,170 |
| 2023 | $1,194 -2.4% | $24,170 |
| 2022 | $1,223 +18.8% | $24,170 +29% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$360/mo
Principal & interest
$271
Property taxes
$65
Home insurance
$24
Climate risks
Neighborhood: 45505
Nearby schools
GreatSchools rating
- 4/10Mann Elementary SchoolGrades: K-6Distance: 0.5 mi
- 2/10Schaefer Middle SchoolGrades: 7-8Distance: 0.4 mi
- 4/10Springfield High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- District: Springfield
Source: DABR MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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