403 W Main Street Lebanon, OH 45036
MULTI_FAMILY - Lebanon, OH
Property Features for 403 W Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 1205201005
- Size
- 1,747 SF
- Lot size
- 0.36 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing agent John Alley (513) 766-9200
Listing office Keller Williams Advisors 9277 Centre Pointe Dr, Cincinnati, OH (513) 227-9151
Listing date Jul 10, 2026
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.
Located at 403 W Main Street in Lebanon, Ohio, the property is described as being near the heart of downtown, with proximity to restaurants and shopping.
The total property size is listed as 1,747 square feet, with a lot size of 0.36 acres. It offers investors an all-units-occupied structure with an established rental history.
Key Highlights
- 4‑unit multifamily in Lebanon, fully rented for several years
- Unit mix includes two 2‑bedroom units and two 1‑bedroom units
- Monthly rent is $4,325 per month
Local 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 | $24.5k | $14.04 |
| − Vacancy | −$1.5k | −$0.84 |
| EGI | $23.1k | $13.20 |
| − OpEx | −$6.9k | −$3.96 |
| NOI | $16.1k | $9.24 |
