Georgetown Two-Family Brick
405 N Main Street Georgetown, OH 45121
For Sale
$214,900
MULTI_FAMILY - Georgetown, OH
Property Size1,697 SF
Lot Size0.14 Acres
Price / SF$126.64
Days on Market297
Property Features for 405 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway, On Street
- Window features
- Vinyl Frames, Aluminum Frames
- Patio and Porch features
- Porch, Patio
- Exterior features
- Patio, Porch
- Standard status
- Active
- APN
- 330671920000
- Size
- 1,697 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1968
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- Roof type
- Shingle, Membrane
Listing Agency:
Ring Real Estate Co., Georgeto
(937) 378-3800
Listed By:
Tony Ring · License #180573
(937) 378-3800
Added: Oct 2, 2025
Changed: Jul 7
Last Checked: Jul 25 at 9:06AM
MLS# 1853467
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 brick ranch two-family property in Georgetown, OH, presents an investment opportunity. Each of the two units includes hardwood floors in the living room and bedrooms, two bedrooms, and one full bath. The property has a size of 1697 square feet and sits on a lot of 0.1364 acres. Both units are currently rented, offering immediate income potential. The property is located near local amenities, making it suitable for investors seeking rental income or future owner-occupancy.
Key Highlights
- Brick ranch two‑family property with both units currently rented
- 2 bedrooms and 1 full bath per unit
- Hardwood floors in living rooms and bedrooms in both units
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 | $11.6k | $6.84 |
| − Vacancy | −$871 | −$0.51 |
| EGI | $10.7k | $6.33 |
| − OpEx | −$3.2k | −$1.90 |
| NOI | $7.5k | $4.43 |
1,697 SF · lease $6.84/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$107.4K
$94.0K – $125.3K
NOI $7,516 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$99.7K
$87.2K – $116.3K
NOI $6,979 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,487 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit property with hardwood floors, currently rented for income.
Where is this duplex located?
The property is located at 405 N Main Street Georgetown, OH.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Brick ranch two‑family property with both units currently rented; 2 bedrooms and 1 full bath per unit; Hardwood floors in living rooms and bedrooms in both units
