Duplex with Lake
For Sale
$425,000
Pending
2678 Jackson Road, Hamilton, OH 45011
Residential Income, St Clair Twp, OH
Property Size2,088 SF
Lot Size2.86 Acres
Days on Market29
Property Features for 2678 Jackson Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Driveway
Window features
Vinyl Frames
Patio and Porch features
Porch
Interior features
220 Volt
Exterior features
Porch, Balcony
View
Lake
High school district
Edgewood City SD
Directions
Augspurger Rd to Jackson Rd or Morganthaler Rd to Jackson Rd.
Subdivision
Butler-W17
Standard status
Pending
APN
L5210011000068
Size
2,088 SF
Lot size
2.86 Acres
Utilities
Heating system
Natural Gas, Forced Air
Amenities
lake access
oversized garage
balcony
patio
in-unit laundry
Building Details
Number of units
2
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Melinda Baumann
(866) 212-4991
Added: Jul 31
Changed: Aug 20
Last Checked: Aug 28 at 9:06PM
MLS# 1889069
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.
This duplex in St Clair Twp, Ohio, includes two residences with matching two-bedroom, two-bath layouts. Both units provide in-unit laundry, granite surfaces, solid surface flooring, and access to an oversized attached garage with high-clearance doors and 220-volt power. The upper residence adds a private balcony oriented toward the lake, while the lower residence includes a wraparound patio.
The property includes access to a 17-acre lake and is located at 2678 Jackson Road. Agricultural zoning is identified for the site, and the garage provides space suited to RV, boat, or equipment storage. Natural gas and forced-air heating serve the building, which has aluminum siding and a metal roof.
The property includes access to a 17-acre lake and is located at 2678 Jackson Road. Agricultural zoning is identified for the site, and the garage provides space suited to RV, boat, or equipment storage. Natural gas and forced-air heating serve the building, which has aluminum siding and a metal roof.
Key Highlights
- Two‑unit duplex with two bedrooms and two full baths per residence
- Access to a 17‑acre lake
- Oversized attached garage with high‑clearance doors and 220‑volt power
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
$20,363
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
4.79%
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%
$407,260
$407.3K
Cap Rate 7%
$290,900
$290.9K
Cap Rate 9%
$226,256
$226.3K
Market Conditions
NOI Build-Up for 2,088 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
$31.3K $15.00/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$29.1K $13.93/SF
− OpEx
−$8.7K −$4.18/SF
NOI
$20.4K $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%
$407,260
Cap Rate 7%
$290,900
Cap Rate 9%
$226,256
Alternative Uses
Best Use
Multifamily LT 5
$290.9K
$254.5K – $339.4K
NOI $20,363 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$267.7K
$234.2K – $312.3K
NOI $18,738 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$412.8K
$361.2K – $481.7K
NOI $28,899 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
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 - Each residence includes two bedrooms, two full baths, laundry, and contemporary interior finishes.
Where is this duplex located?
The property is located at 2678 Jackson Road Hamilton, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and two full baths per residence; Access to a 17‑acre lake; Oversized attached garage with high‑clearance doors and 220‑volt power
