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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 houseit offers options. For the investor with foresight and the heart to serve, this is an opportunity where stewardship and strategy meet.
St Route 41 to Kenilworth to Raffensperger
Explore the local neighborhood highlights and top-rated schools near 45503 in Springfield, OH.
Source: School Digger
Public • PK - 2 • Serves this home
201.72 mi
Distance
Public • 3 - 6 • Serves this home
195.94 mi
Distance
Public • PK - 2 • Serves this home
201.72 mi
Distance
Public • 3 - 6 • Serves this home
195.94 mi
Distance
Public • 7 - 12
200.62 mi
Distance
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 374 Raffensperger Avenue | Listing | 3 | 3 | Aug 12, 2026 | $79,000 | Jan 24, 2024 | $144,321 |
| 360 S Greenmount Avenue | Listing | 3 | 1 | Jul 29, 2026 | $39,900 | Mar 21, 2024 | $46,987 |
| 1621 Morgan Street | 1 | 1 | Jul 01, 2026 | $120,000 | Aug 25, 2026 | - |
| 330 Larchmont Avenue | 2 | 1 | Jul 10, 2026 | $209,900 | Aug 25, 2026 | - |
| 330 Larchmont Avenue | 1 | 1 | Jul 10, 2026 | $209,900 | Aug 25, 2026 | - |
| 1215 E High Street | 5 | 4 | Jul 01, 2026 | $299,900 | Aug 25, 2026 | - |
| 1830 Edwards Avenue | 3 | 2 | Jul 07, 2026 | $120,000 | Aug 25, 2026 | - |
| 802 Warder Street | 3 | 1 | Jul 10, 2026 | $165,000 | Aug 25, 2026 | - |
| 625 Tibbetts Avenue | 3 | 1 | Aug 18, 2026 | $115,000 | Aug 25, 2026 | - |
| 718 Summer Street | 4 | 2 | Aug 11, 2026 | $114,900 | Aug 25, 2026 | - |
Discover key demographics, population statistics, and environmental insights for the Springfield, OH area.
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 32,537 | 58,320 | 134,629 | 335,858,263 |
| Population Density | 1,894 | 2,168 | 339 | 95 |
| People per Household | 2.3 | 2.4 | 2.5 | 2.6 |
| Median Age | 41.8 | 37.6 | 41.3 | 39.1 |
| Median Income | $50,031 | $41,517 | $52,530 | $66,222 |
| Average Income | $27,658 | $22,619 | $27,165 | $35,475 |
| Cost of Living Index | 82 | 82 | 88 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 18.2°F | 18.2°F | 18.2°F | 22.6°F |
| July Avg. High Temp | 83.8°F | 83.8°F | 83.8°F | 86.2°F |
| Annual Precipitation | 37.7" | 37.7" | 40.77" | 38" |
68/100
Somewhat Walkable
Walk Score ®
0/100
Minimal Transit
Transit Score ®
48/100
Bikable
Bike Score ®
Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 18/100, Transit Score: 0/100, Bike Score: 34/100.
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2 bds • 1 ba • 1152 sqft
1971 Oak Knoll Drive
Source: Realty.com
262 Raffensperger Avenue, Springfield, OH 45503, Springfield, OH 45503 in Springfield, OH 45503 is a single family listed at $69,900. Highlights include 2 bedrooms, 1 bathroom, 1,148 sq. ft., built in 1911, 0.22 acre lot, $61 per sq. ft.. Realty.com has 30 photos, sales history, school insights, and mortgage tools f...
Realty.com has 30 photos of 262 Raffensperger Avenue, Springfield, OH 45503.
Our records indicate that 262 Raffensperger Avenue, Springfield, OH 45503 was built in 1911.
The full address for this home is 262 Raffensperger Avenue, Springfield, OH 45503, Springfield, OH 45503.
262 Raffensperger Avenue, Springfield, OH 45503 has been listed on Realty.com since Sat February 07, 2026
Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 18/100, Transit Score: 0/100, Bike Score: 34/100.
There are 2 schools assigned to this home. Check out the schools near 262 Raffensperger Avenue, Springfield, OH 45503. Spring Hill Elementary School (Grades: PK - 2), Schrop Intermediate School (Grades: 3 - 6)
Listing provided courtesy of:
Coldwell Banker Heritage
(tel: 937-434-7600)
Listing agent:
Arthur Solomon
(tel: 937-631-5562)
(#677000571)
This content last refreshed on 2026-08-25 04:56:18. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.