Duplex with Detached Two-Car
2815 S 4th St Ironton, OH 45638
For Sale
$139,900
MULTI_FAMILY - Ironton, OH
Property Size1,588 SF
Lot Size0.12 Acres
Price / SF$88.10
Days on Market8
Property Features for 2815 S 4th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Deck, Porch
Exterior features
Porch, Deck
Standard status
Active
APN
36-103-1600.000
Size
1,588 SF
Lot size
0.12 Acres
Building Details
Year built
1925
Floors in Building
2
Building materials
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
BUNCH REAL ESTATE ASSOCIATES
(740) 886-7214
Listed By:
Todd Jenkins
(304) 544-2929
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 29 at 2:06PM
MLS# 184438
Copyright © 2026 Huntington Board of Realtors. 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 recently renovated duplex is an income-producing property with two separate units, and each unit includes 2 bedrooms and 1 full bathroom. Improvements include new mini-split HVAC systems throughout for year-round comfort. Both units also feature spacious rear decks, providing tenant outdoor space.
The property includes a detached two-car garage, offering additional storage. The site totals approximately 0.12 acres, and the building has a recorded size of 1,588 square feet.
Located at 2815 S 4th St in Ironton, Ohio (Lawrence County), this duplex is ready for an investor seeking a turn-key rental property with consistent unit layout and recent mechanical updates.
The property includes a detached two-car garage, offering additional storage. The site totals approximately 0.12 acres, and the building has a recorded size of 1,588 square feet.
Located at 2815 S 4th St in Ironton, Ohio (Lawrence County), this duplex is ready for an investor seeking a turn-key rental property with consistent unit layout and recent mechanical updates.
Key Highlights
- Renovated income‑producing duplex built in 1925, with vinyl exterior and metal roof
- Each unit features 2 bedrooms and 1 full bathroom
- New mini‑split HVAC systems throughout for efficient year‑round comfort
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.2k | $10.20 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $15.1k | $9.54 |
| − OpEx | −$4.5k | −$2.86 |
| NOI | $10.6k | $6.68 |
1,588 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$151.4K
$132.5K – $176.7K
NOI $10,601 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$140.7K
$123.2K – $164.2K
NOI $9,852 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$361.5K
$316.3K – $421.7K
NOI $25,303 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Recently renovated duplex with two 2BR/1BA units, new mini-split HVAC, rear decks, and a detached two-car garage.
Where is this duplex located?
The property is located at 2815 S 4th St Ironton, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Renovated income‑producing duplex built in 1925, with vinyl exterior and metal roof; Each unit features 2 bedrooms and 1 full bathroom; New mini‑split HVAC systems throughout for efficient year‑round comfort
