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    Turnkey Duplex with Renovated Unit Title is generated by Realmo AI

    7 N Sutphin Street, Middletown, OH 45042

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    For Sale
    $299,000

    MULTI_FAMILY - Middletown, OH

    Property size:
    2,841 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $105/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 7 N Sutphin Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage
    Window features
    Vinyl Frames, Wood Frames
    Patio and Porch features
    Deck, Patio, Porch
    Exterior features
    Deck, Porch, Metal Fence, Yard Lights, Enclosed Patio
    Fencing
    Fenced
    Fireplace
    1
    Standard status
    Active
    APN
    Q6532029000008
    Size
    2,841 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1917
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

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    Listing Contact
    Luana King

    Listing agent Luana King

    Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH

    Listing date Jun 3, 2026

    MLS# 1881644 Listing URL

    Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with $2,500 in gross monthly income ($1,200 and $1,300 units)
    • Upstairs unit was recently fully renovated; roof replaced in 2020
    • Full basement has a separate entrance and includes a kitchenette and full bathroom
    • Fireplace included; forced‑air heating with natural gas
    • Vinyl siding exterior with shingle roof
    • Exterior features include 2‑car detached garage, fenced yard, deck, porch, and enclosed patio

    Overview

    This duplex includes two separate units and a full basement that could support additional living or income space. The upstairs unit has been recently fully renovated. The roof was replaced in 2020. A full basement with a separate entrance is already set up with a kitchenette and a full bathroom. Outdoor space includes a 2-car detached garage and a fenced-in patio area.

    The property is located in Middletown, Ohio at 7 N Sutphin Street. The current setup includes long-term tenants in place, generating $2,500 in gross monthly income from $1,200 and $1,300 units. The exterior and basement configuration supports flexibility while keeping the main units occupied.

    For buyers seeking an owner-occupant or investment property, the existing tenant arrangement allows income while maintaining the option to live in one unit and rent the other. The basement’s separate entrance, kitchenette, and full bathroom provide a ready foundation for a potential third unit buildout, subject to local approvals. With the roof replacement already completed and the upstairs unit renovated, the property offers a practical turnkey starting point for tenants and operators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.388694
    Latitude
    39.513327

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    FAQs

    What type of property is this?
    Duplex - Duplex with separate-entry basement and renovated upstairs unit, currently producing $2,500 monthly gross income from two tenants.
    Where is this duplex located?
    The property is located at 7 N Sutphin Street Middletown, OH.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Duplex with $2,500 in gross monthly income ($1,200 and $1,300 units); Upstairs unit was recently fully renovated; roof replaced in 2020; Full basement has a separate entrance and includes a kitchenette and full bathroom
    (866) 212-4991
    We can help!
    Listing Contact
    Luana King
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    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.

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