Well-Maintained Duplex with
4251 Spruce Street New Boston, OH 45662
4251 Spruce Street, New Boston, OH, 45662
$299,900
Pending
For Sale
$299,900
Pending
MULTI_FAMILY - New Boston, OH
Property Size2,001 SF
Lot Size0.24 Acres
Days on Market50
Property Features for 4251 Spruce Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Garage Opener, Pantry, Vaulted Ceilings, Wall to Wall Carpet
- Exterior features
- Fenced Yard, Garage Opener, Patio, Paved Drive, Paved Street, Shed
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 28-0718.000 & 28-0719.000
- Size
- 2,001 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2961
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Goddard Realty Group, LLC
(740) 574-3300
8520 Ohio River Rd Ste C, Wheelersburg, OH
Listed by
Roger Goddard
(740) 357-5806
Added: May 29 Checked: Jul 17 at 2:06 pm
MLS# 155542
Listing URL
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Investment Insights
Based on property information with market context.
This meticulously maintained brick and vinyl duplex presents an exceptional investment opportunity. Each of the two spacious units features 2 bedrooms and 2 full bathrooms, along with separate utility connections. The units offer open-concept living areas with vaulted ceilings that create a bright and airy feel, flowing seamlessly into the kitchens. Unit A includes a 2-car attached garage, while Unit B offers a 1-car attached garage. Private side patios provide space for outdoor entertaining or relaxing. The property features a new roof and new gutters installed in 2024. Unit B has been occupied by the same tenant since February 2020. Situated on a 0.238-acre lot, this 2,001 square foot property is located in New Boston, Ohio. With attractive curb appeal, quality construction, and a desirable layout, this property is ideal for investors or owner occupants alike.
Key Highlights
- Brick and vinyl duplex built in 1999 with two 2‑bedroom, 2‑bath units
- Each unit has separate utility connections for added convenience and flexibility
- Unit A includes a 2‑car attached garage; Unit B includes a 1‑car attached garage
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 | $27.1k | $13.56 |
| − Vacancy | −$2.1k | −$1.03 |
| EGI | $25.1k | $12.53 |
| − OpEx | −$7.5k | −$3.76 |
| NOI | $17.5k | $8.77 |
2,001 SF · lease $13.56/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.7K
$219.4K – $292.5K
NOI $17,550 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$230.9K
$202.0K – $269.3K
NOI $16,160 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$425.8K
$372.6K – $496.8K
NOI $29,808 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two spacious units, new roof, great investment opportunity.
Where is this duplex located?
The property is located at 4251 Spruce Street New Boston, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Brick and vinyl duplex built in 1999 with two 2‑bedroom, 2‑bath units; Each unit has separate utility connections for added convenience and flexibility; Unit A includes a 2‑car attached garage; Unit B includes a 1‑car attached garage
