58 Lorene Ave Athens, OH 45701
MULTI_FAMILY - Athens, OH
Property Features for 58 Lorene Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi-Family, Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
- Interior features
- Flooring- Wood, Sump Pump
- Appliances
- Refrigerator, W/D Hookups, Washer, Water Heater- Electric, Water Heater- Nat. Gas, Oven/Range- Gas, Dryer
- Standard status
- Active Under Contract
- APN
- A027190004100
- Size
- 1,747 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6907
Utilities
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1929
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Erin Carter License #BRKA.2024000315 (740) 591-2925
Listing office e-Merge Real Estate 386 Richland Ave, Pickerington, OH (614) 678-5505
Listing date Jul 15, 2026
Copyright © 2026 Athens County 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.
Investment Insights
Based on property information with market context.
The property is located on the east side of Athens, Ohio, just minutes from Ohio University. It is also described as being close to shopping, dining, and other everyday in-town amenities, making it convenient for tenants who want access to local services.
For buyers seeking a straightforward residential income setup, this configuration offers a mix of unit sizes within a single duplex. The property is currently rented through the end of June, which may appeal to tenants or owners looking for continuity while planning next steps. With two independent units and on-site shared laundry, the duplex can fit a range of ownership strategies focused on maintaining a practical, tenant-friendly living arrangement.
Key Highlights
- Duplex converted from a single home with 2 separate units: 1BR/1BA on the ground floor and 2BR/1BA upstairs
- Currently rented through the end of June
- Shared basement laundry for both tenants
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 | $25.8k | $14.76 |
| − Vacancy | −$3.8k | −$2.20 |
| EGI | $21.9k | $12.56 |
| − OpEx | −$6.6k | −$3.77 |
| NOI | $15.4k | $8.79 |
