Three-Unit Triplex with
For Sale
$299,000
96 98 100 N McDonald St, The Plains, OH 45780
Multi Family, Triplex, The Plains, OH
Property Size3,054 SF
Lot Size0.29 Acres
Price / SF$97.90
Days on Market39
Property Features for 96 98 100 N McDonald St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
None/Unknown
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 5
Interior features
Flooring- Carpet, Flooring- Tile, Flooring- Vinyl, Countertops- Solid Surface
Appliances
Dishwasher, Refrigerator, W/D Hookups, Oven/Range- Electric, Range Hood
Standard status
Active
APN
A040240307900, A0402
Size
3,054 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
4327
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Amenities
washer/dryer hookup
decks
Building Details
Year built
1996
Number of units
3
Roof type
Shingle
Architectural style
Other
Listing Agency:
e-Merge Real Estate
(614) 678-5505
Listed By:
Dan Abdella · License #0000441791
(740) 591-7797
Added: Aug 5
Changed: Sep 12
Last Checked: Sep 12 at 1:06PM
MLS# 2435349
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.
This 3,054-square-foot triplex, built in 1996, contains three occupied residences with a consistent two-bedroom, one-and-a-half-bath layout. Each unit includes washer/dryer hookups, rear deck access, and its own kitchen appliances, including an electric range, refrigerator, dishwasher, and range hood. Interior finishes include carpet, tile, vinyl flooring, and solid-surface countertops. Forced-air electric heat and central air serve the property, which sits on a 0.29-acre lot with a shingle roof.
The property is located near Athens High School, Eclipse Company Store, and the Hockhocking Adena Bikeway. Its setting also provides access toward Athens and Ohio University, as well as Nelsonville and Hocking College. The three-unit configuration and occupied status provide a straightforward multifamily format for an owner or investor evaluating an established residential rental property.
The property is located near Athens High School, Eclipse Company Store, and the Hockhocking Adena Bikeway. Its setting also provides access toward Athens and Ohio University, as well as Nelsonville and Hocking College. The three-unit configuration and occupied status provide a straightforward multifamily format for an owner or investor evaluating an established residential rental property.
Key Highlights
- Three occupied units within a 3,054‑square‑foot triplex
- Each unit has 2 bedrooms and 1.5 bathrooms
- Built in 1996 on a 0.29‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,120
$537.1K
Cap Rate 7%
$383,657
$383.7K
Cap Rate 9%
$298,400
$298.4K
Market Conditions
NOI Build-Up for 3,054 SF
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.
Gross rent
$45.1K $14.76/SF
− Vacancy
−$6.7K −$2.20/SF
EGI
$38.4K $12.56/SF
− OpEx
−$11.5K −$3.77/SF
NOI
$26.9K $8.79/SF
Area
Athens County, OH
Vacancy
14.89%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,120
Cap Rate 7%
$383,657
Cap Rate 9%
$298,400
Alternative Uses
Best Use
Multifamily LT 5
$383.7K
$335.7K – $447.6K
NOI $26,856 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$352.1K
$308.1K – $410.8K
NOI $24,647 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$697.5K
$610.3K – $813.7K
NOI $48,824 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 45780, OH
3,328
Population
1,652
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
90%
High-School Grad
2.9 sq mi
ZIP Area
1,148
Density / Sq Mi
$51,789
Median Household Income
$54,196
Median Earnings
$895
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers two bedrooms, one and a half bathrooms, and washer/dryer hookups.
Where is this triplex located?
The property is located at 96 98 100 N McDonald St The Plains, 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: Three occupied units within a 3,054‑square‑foot triplex; Each unit has 2 bedrooms and 1.5 bathrooms; Built in 1996 on a 0.29‑acre lot
