Multi-Building Rental
620-672 Hagenbuch Street Urbana, OH 43078
New
620-672 Hagenbuch Street, Urbana, OH, 43078
$809,900
For Sale
$809,900
MULTI_FAMILY - Urbana, OH
Property Size7,232 SF
Lot Size1.19 Acres
Price / SF$111.99
Days on Market2
Property Features for 620-672 Hagenbuch Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 12
- Rooms
- Bathroom 8, Bathroom 3, Bedroom 9, Bathroom 5, Bedroom 5, Bedroom 14, Bedroom 3, Bathroom 9, Bedroom 13, Bedroom 8, Bathroom 1, Bedroom 12, Bedroom 11, Bedroom 6, Bedroom 4, Bathroom 6, Bedroom 2, Bathroom 10, Bedroom 7, Bathroom 11, Bathroom 12, Bedroom 10, Bathroom 7, Bathroom 2, Bedroom 1, Bathroom 4
- Parking features
- None
- Basement
- Crawl Space
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- K482500040501202
- Size
- 7,232 SF
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 12
- Building materials
- Asbestos, Vinyl Siding
Listing agency
RE/MAX Alliance Realty
(937) 652-1100
Listed by
V. Patrick Hamilton · License #2004002933
(937) 652-1100
Added: Jul 22 Checked: Jul 23 at 9:06AM
MLS# 1047199
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.
Investment Insights
Based on property information with market context.
This income-producing rental portfolio features 12 units across five separate buildings, offered with three parcels. The property includes four duplex buildings with 2-bedroom, 1-bath apartments, and one four-unit building containing both 2-bedroom and 1-bedroom, 1-bath units.
Located in Urbana, OH (Champaign County) at addresses along Hagenbuch Street and Concord Street, the buildings are situated on a combined 1.19-acre site.
Unit interiors vary, with some apartments described as remodeled and others presenting opportunities for value-added improvements. The sale includes 12 refrigerators and 12 ranges. The owner pays water, sewer, and trash, while tenants are responsible for other utilities.
Located in Urbana, OH (Champaign County) at addresses along Hagenbuch Street and Concord Street, the buildings are situated on a combined 1.19-acre site.
Unit interiors vary, with some apartments described as remodeled and others presenting opportunities for value-added improvements. The sale includes 12 refrigerators and 12 ranges. The owner pays water, sewer, and trash, while tenants are responsible for other utilities.
Key Highlights
- 12 rental units across five separate buildings, sold with three parcels, on 1.19 acres
- Four duplex buildings: 652‑656 Hagenbuch St, 660‑664 Hagenbuch St, and 668‑672 Hagenbuch St; each unit is 2BR/1BA
- Fifth building at 620‑644 Hagenbuch St includes two 2BR/1BA units and two 1BR/1BA units
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 | $38.2k | $5.28 |
| − Vacancy | −$2.5k | −$0.34 |
| EGI | $35.7k | $4.94 |
| − OpEx | −$10.7k | −$1.48 |
| NOI | $25.0k | $3.46 |
7,232 SF · lease $5.28/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.0K
$312.4K – $416.5K
NOI $24,992 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,205 @ 7.0% cap · market cap 17.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Income-producing property with 12 rental units across five buildings on separate parcels, including duplex and four-unit structures.
Where is this duplex located?
The property is located at 620-672 Hagenbuch Street Urbana, OH.
What is the asking price?
The asking price for this property is $809,900.
What are key features of this property?
This property features: 12 rental units across five separate buildings, sold with three parcels, on 1.19 acres; Four duplex buildings: 652‑656 Hagenbuch St, 660‑664 Hagenbuch St, and 668‑672 Hagenbuch St; each unit is 2BR/1BA; Fifth building at 620‑644 Hagenbuch St includes two 2BR/1BA units and two 1BR/1BA units
