Duplex with Covered
For Sale
$669,000
106 Linwood Lane, Oxford, OH 45056
Residential Income, Oxford, OH
Property Size3,040 SF
Lot Size0.27 Acres
Price / SF$220.07
Days on Market96
Property Features for 106 Linwood Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Off Street, On Street
Patio and Porch features
Porch
Exterior features
Porch
High school district
Talawanda City SD
Directions
27 N to Oxford (L) Chestnut (R) on Main (L) Linwood
Subdivision
Butler-W18
Standard status
Active
APN
H4100-103-000-106
Size
3,040 SF
Lot size
0.27 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1998
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Century 21 Thacker & Assoc. · Century 21 Real Estate
(513) 524-2221
Listed By:
Sandra Bowie
(513) 524-2221
Added: May 27
Changed: Aug 29
Last Checked: Aug 30 at 5:06PM
MLS# 1880772
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1998, this duplex contains 3,040 square feet with a four-bedroom, two-and-a-half-bath layout. Interior features include an eat-in kitchen, living room, dining area, and bonus study room. The property is finished with vinyl siding and a shingle roof, and each unit has access to porch space.
The 0.2659-acre parcel is located at 106 Linwood Lane in Oxford, Ohio. Parking is available in the driveway, off the street, and on the surrounding street network. Natural gas forced-air heating serves the property.
The 0.2659-acre parcel is located at 106 Linwood Lane in Oxford, Ohio. Parking is available in the driveway, off the street, and on the surrounding street network. Natural gas forced-air heating serves the property.
Key Highlights
- Duplex with 3,040 square feet of building area
- Four bedrooms and 2.5 baths
- Eat‑in kitchen, living room, dining area, and bonus study room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,940
$592.9K
Cap Rate 7%
$423,529
$423.5K
Cap Rate 9%
$329,411
$329.4K
Market Conditions
NOI Build-Up for 3,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.6K $15.00/SF
− Vacancy
−$3.2K −$1.07/SF
EGI
$42.4K $13.93/SF
− OpEx
−$12.7K −$4.18/SF
NOI
$29.6K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$592,940
Cap Rate 7%
$423,529
Cap Rate 9%
$329,411
Alternative Uses
Best Use
Multifamily LT 5
$423.5K
$370.6K – $494.1K
NOI $29,647 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$389.7K
$341.0K – $454.7K
NOI $27,282 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$601.1K
$525.9K – $701.3K
NOI $42,075 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 45056, OH
28,892
Population
9,702
Households
3
Avg Household Size
25
Median Age
54%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
387
Density / Sq Mi
$53,413
Median Household Income
$9,944
Median Earnings
$1,004
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate living areas, off-street parking, and natural gas forced-air heat.
Where is this duplex located?
The property is located at 106 Linwood Lane Oxford, OH.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Duplex with 3,040 square feet of building area; Four bedrooms and 2.5 baths; Eat‑in kitchen, living room, dining area, and bonus study room
