Income Duplex with Two
613 Pike St Ironton, OH 45638
For Sale
$129,900
MULTI_FAMILY - Ironton, OH
Property Size1,690 SF
Lot Size0.10 Acres
Price / SF$76.86
Days on Market8
Property Features for 613 Pike St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch, Deck
Exterior features
Porch, Deck
Standard status
Active
APN
29-051-1000.000
Size
1,690 SF
Lot size
0.10 Acres
Building Details
Year built
1926
Floors in Building
2
Building materials
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
BUNCH REAL ESTATE ASSOCIATES
(740) 886-7214
Listed By:
Todd Jenkins
(304) 544-2929
Added: Jul 22
Last Checked: Jul 29 at 2:06PM
MLS# 184437
Copyright © 2026 Huntington 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.
This income-producing duplex is configured with two separate units. The lower unit includes 2 bedrooms and 1 full bathroom, and the upper unit includes 1 bedroom and 1 full bathroom. The property has had several updates completed over the past few years.
The duplex is located in Ironton, Ohio, minutes from downtown Ironton and the Ashland Bridge, with convenient access to shopping, dining, employment, and everyday amenities.
The asset offers a straightforward two-unit layout suitable for rental income, with both units maintaining full bathroom accommodations.
The duplex is located in Ironton, Ohio, minutes from downtown Ironton and the Ashland Bridge, with convenient access to shopping, dining, employment, and everyday amenities.
The asset offers a straightforward two-unit layout suitable for rental income, with both units maintaining full bathroom accommodations.
Key Highlights
- Duplex built in 1926 with vinyl exterior construction and a metal roof
- Lower unit offers 2 bedrooms and 1 full bathroom
- Upper unit offers 1 bedroom and 1 full bathroom
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 | $17.2k | $10.20 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $16.1k | $9.54 |
| − OpEx | −$4.8k | −$2.86 |
| NOI | $11.3k | $6.68 |
1,690 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$161.2K
$141.0K – $188.0K
NOI $11,282 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$149.8K
$131.1K – $174.8K
NOI $10,485 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$384.7K
$336.6K – $448.8K
NOI $26,929 @ 7.0% cap · market cap 20.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers a 2-bed/1-bath lower unit and a 1-bed/1-bath upper unit.
Where is this duplex located?
The property is located at 613 Pike St Ironton, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Duplex built in 1926 with vinyl exterior construction and a metal roof; Lower unit offers 2 bedrooms and 1 full bathroom; Upper unit offers 1 bedroom and 1 full bathroom
