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    407 E Pike St Jackson Center, OH 45334

    Sponsored
    For Sale
    Under Contract
    $169,900

    MULTI_FAMILY - Jackson Center, OH

    Property size:
    2,080 SF
    Lot size:
    0.19 Acres
    Days on Market:
    26
    Last Refresh:
    Feb 27 at 11:06 am

    Property Features for 407 E Pike St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 1
    Bedrooms
    5
    Bathrooms
    2
    APN
    200615203003
    Parking features
    Carport
    Patio and Porch features
    Patio
    Fencing
    Fenced
    Basement
    Crawl Space
    Appliances
    Microwave, Range, Refrigerator
    Size
    2,080 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Carpet, Vinyl
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Pattie Armstrong

    Brokers Real Estate, Inc. (937) 498-4725

    Listing agent Pattie Armstrong (937) 498-4725

    Listing date Feb 2, 2026

    MLS# 1043003 Listing URL

    Copyright © 2026 West Metro 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.

    Learn more

    Property Insight Report

    Overview

    Updated Multi-Family Investment Opportunity

    This multi-family property presents an opportunity for both homeowners and investors. The property, a duplex, was completely updated and renovated in 2014-2015, featuring a metal roof, soffit, facia, gutters, downspouts, siding, windows, doors, PEX plumbing lines, hot water heaters, washer/dryer hook-ups in both units, updated electric, and insulation. Unit A, a four-bedroom unit, includes trim, flooring, drywall, central air, a GFA furnace, and appliances. Unit B, a one-bedroom unit, has been freshly painted and features new carpeting in the living room and bedroom. Unit B also has use of the carport. It has electric baseboard heat. The property includes a partially fenced rear yard for privacy and off-street parking. Located in Jackson Center, Ohio, the property is close to shopping, schools, and playground areas. The four-bedroom unit is currently occupied by tenants of 7+ years. The property is situated on a 0.19-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel Auto Parts Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Center
    County
    Shelby
    State
    Ohio
    Longitude
    -84.036419
    Latitude
    40.439365

    Nearby Similar for Sale

    • $149,000
      4,466 SF

      Former VFW Hall on 1.5 Acres

      Commercial property on 1.5 acres, high traffic area.
      17500 State Route 274, Jackson Center, OH 45334
      View Details

    FAQs

    What type of property is this?
    Specialty property - Turn-key duplex with long-term tenants, updated in 2014-2015.
    Where is this specialty property located?
    The property is located at 407 E Pike St Jackson Center, OH.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Turn-key multi-family property suitable for owner-occupancy or investment.; - Extensive renovations completed in 2014-2015 including metal roof, siding, windows, plumbing, electric, and insulation.; - Unit A (4 bedroom) **features central air, GFA furnace, updated appliances, and completely renovated interior.**
    (937) 498-4725
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    407 E Pike St Jackson Center, OH 45334
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    Jackson Center, OH 45334
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 E Pike St Jackson Center, OH 45334
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    Listing Contact
    Pattie Armstrong
    (937) 498-4725
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