Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    511 E 5Th St Marysville, OH 43040

    Sponsored
    For Sale
    $299,999

    MULTI_FAMILY - Marysville, OH

    Property size:
    1,854 SF
    Lot size:
    0.18 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 12:06 am

    Property Features for 511 E 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    2900041220000
    Patio and Porch features
    Porch
    Interior features
    Walk-In Closet(s), Ceiling Fan(s)
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Partial, Crawl Space
    Size
    1,854 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Baseboard, Hot Water(Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1918
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet, Hardwood
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Stanleigh Penhorwood

    Bell Hankins Realty Group, LLC (937) 935-2450

    Listing agent Stanleigh Penhorwood (937) 935-2450

    Listing date Mar 5, 2026

    MLS# 1044113 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

    Duplex Investment Opportunity in Marysville

    This well-maintained duplex is located in Marysville, Ohio, and presents an investment opportunity. The property features two units: Unit A, a 3-bedroom, 1-bathroom unit, and Unit B, a 1-bedroom, 1-bathroom unit. Unit A includes a full kitchen, a separate dining room, a spacious living room, and a dedicated laundry room. The first floor of Unit A has tall ceilings and large windows that provide abundant natural light. The bedrooms and bathroom are located upstairs. Unit B features a studio-style kitchen and living area, along with laundry hookups in the closet and a private bedroom. This unit also features tall ceilings. The property includes a large detached garage with a second-story storage area, an additional storage shed, a private driveway, and a spacious backyard. Unit A is currently rented for $1,500 per month on a month-to-month lease, while Unit B is rented for $850 per month on a yearly lease. The property generates $2,350 per month in rental income and sits on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.361587
    Latitude
    40.23581

    Nearby Similar for Sale

    • Contact for pricing
      7,600 SF

      Retail, Storage, and Shop Building

      Two-story building with retail, storage, and shop functionality.
      906 E 5Th St, Marysville, OH 43040
      View Details
    • Contact for pricing
      250,829 SF

      Prime Industrial Property in Marysville

      Exceptional industrial property with modern amenities in a strategic location.
      1020 Innovation Way, Marysville, OH 43040
      View Details
    • Contact for pricing
      112,000 SF

      Modern Industrial Space in Marysville

      New multi-tenant facility for manufacturing, R&D, and office warehouse.
      1200 Innovation Way, Marysville, OH 43040
      View Details
    • Contact for pricing
      7,500 SF

      New Retail Strip Center Available

      New construction retail space with high traffic potential.
      1130 Columbus Ave, Marysville, OH 43040
      View Details
    • Contact for pricing
      4,293 SF

      Retail Property on Main Street

      Retail property for sale with 4293 square feet.
      121 Main St, Marysville, OH 43040
      View Details
    • $2,500,000
      3,322 SF

      Marysville Commercial Property For Sale

      Commercial property in Marysville, OH with two parcels for sale.
      123 1/2, Marysville, OH 43040
      View Details
    • Contact for pricing
      122,850 SF

      Marysville Warehouse and Industrial Property

      122,850 SF warehouse/industrial property in Marysville, OH.
      1001 Innovation Way, Marysville, OH
      View Details
    • $1,400,000
      12,856 SF

      Marysville Mixed-Use Investment Opportunity

      Seven-unit property, 12,856 sq ft, high growth area.
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • $975,000
      5,781 SF

      Marysville Commercial Building - Great Investment

      Daycare building, adjacent lot, high visibility.
      111 Morey Dr, Marysville, OH 43040
      View Details
    • $650,000
      0.65 Acres

      Marysville Retail Outlots For Sale

      Prime QSR/Fast Food Outlots in Ohio
      1095 5Th St, Marysville, OH 43040
      View Details
    • $2,300,000

      Prime Marysville Bowling Alley

      Profitable Bowling Alley, 3.7 Acres
      1189 Columbus Ave, Marysville, OH 43040
      View Details
    • $1,200,000

      Marysville Warehouse: Prime Development Site

      1.09-acre corner lot, excellent development potential.
      401 Chestnut St, Marysville, OH 43040
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with steady rental income in Marysville, Ohio.
    Where is this duplex located?
    The property is located at 511 E 5Th St Marysville, OH.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: - Generates $2,350 per month in rental income, providing a solid investment.; - Well-maintained duplex featuring two units: a 3-bedroom, 1-bathroom unit (Unit A) and a 1-bedroom, 1-bathroom unit (Unit B).; - Large detached garage with a second-story storage area and an additional storage shed.
    (937) 935-2450
    Request Owner's contact information
    511 E 5Th St Marysville, OH 43040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    511 E 5Th St
    Marysville, OH 43040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    511 E 5Th St Marysville, OH 43040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stanleigh Penhorwood
    (937) 935-2450
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!