Renovated Duplex Near Shawnee
622 4th St Portsmouth, OH 45662
622 4th St, Portsmouth, OH, 45662
$230,000
Pending
For Sale
$230,000
Pending
MULTI_FAMILY - Portsmouth, OH
Property Size1,024 SF
Lot Size0.08 Acres
Days on Market247
Property Features for 622 4th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Rooms
- Basement, Bedroom 1, Bedroom 2, Dining Room
- Parking features
- On Street
- Window features
- Double Pane Windows
- Interior features
- Cathedral Ceilings, Ceiling Fan(s), Hardwood Floors, Pantry
- Standard status
- Pending
- APN
- 29-0984.000
- Size
- 1,024 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 620
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Roof type
- Asphalt, Metal
- Architectural style
- Other
Listing Agency
Keller Williams Bluegrass Realty
(859) 260-1444
854 E High Street, Lexington, OH
Listed by
D Michelle Euton Miller
(606) 694-7925
Added: Nov 13, 2025 Checked: Jul 18 at 9:06 am
MLS# 154128
Listing URL
Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. 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 is a renovated duplex property located minutes from Shawnee State University. The property features both outside and inside entrances to the upper-level apartment. The duplex includes updated kitchens and bathrooms. The property includes a lower-level one- to two-bedroom unit and an upper-level one-bedroom unit. The lot size is 0.0795 acres, and the property size is 1024 square feet. The property is located in Portsmouth, Ohio.
Key Highlights
- Completely renovated duplex built in 1900 with outside entrance and inside entrance to the upper‑level apartment
- Interior features include cathedral ceilings, ceiling fans, hardwood floors, and a pantry
- Natural gas heating with window unit cooling
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 | $13.9k | $13.56 |
| − Vacancy | −$1.1k | −$1.03 |
| EGI | $12.8k | $12.53 |
| − OpEx | −$3.8k | −$3.76 |
| NOI | $9.0k | $8.77 |
1,024 SF · lease $13.56/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$128.3K
$112.3K – $149.7K
NOI $8,981 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$118.1K
$103.4K – $137.8K
NOI $8,270 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$217.9K
$190.7K – $254.2K
NOI $15,254 @ 7.0% cap · market cap 6.63%
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 - Completely renovated duplex near Shawnee State University.
Where is this duplex located?
The property is located at 622 4th St Portsmouth, OH.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Completely renovated duplex built in 1900 with outside entrance and inside entrance to the upper‑level apartment; Interior features include cathedral ceilings, ceiling fans, hardwood floors, and a pantry; Natural gas heating with window unit cooling
