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    Four-Unit Residential Income Property Title is generated by Realmo AI

    1014 Eleanor Avenue, Piqua, OH 45356

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    Claim this Listing
    Pending
    $449,900

    MULTI_FAMILY - Piqua, OH

    Property size:
    4,320 SF
    Lot size:
    0.31 Acres
    Added:
    Jun 12, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 1014 Eleanor Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    6
    Rooms
    Bathroom 3, Bedroom 6, Bedroom 8, Bedroom 2, Bathroom 7, Bathroom 4, Bathroom 8, Bedroom 10, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 12, Bathroom 5, Bedroom 11, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 6, Bedroom 9, Bedroom 1
    Parking features
    Garage
    Patio and Porch features
    Patio
    Appliances
    Dishwasher, Disposal, Range, Refrigerator
    Standard status
    Pending
    APN
    N44077302
    Size
    4,320 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Tile
    Building materials
    Brick, Vinyl Siding

    We can help!

    Contact an agent
    Tracy Comer

    Listing agent Tracy Comer

    Listing office Realty 2000 Group 100 S Main St. - Suite 101, Sidney, OH

    Listing date Jun 12, 2026

    MLS# 1046422 Listing URL

    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.


    Overview

    This property is a four-unit residential income building. Each apartment is described as a three-bedroom layout, and the offering notes numerous updates across the units. Improvements mentioned include flooring and cabinets, along with heat pump installations in three of the apartments, plus newer appliances. The building also provides parking in the back for tenant use.

    Located at 1008 Eleanor Avenue in Piqua, Ohio (Miami County), the property sits on a 0.31-acre lot. With rear parking available, day-to-day access for residents is centered on the back of the building.

    For buyers seeking a small multifamily asset, the configuration supports straightforward operations as a four-unit quadplex. The updates cited in multiple units—covering finishes and key systems like heat pumps—may help reduce near-term replacement concerns compared to a fully dated setup. As presented, the property’s combination of unit layouts, interior improvements, and on-site rear parking are the primary factors for tenant and management fit.

    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 $59.6k $13.80
    − Vacancy −$3.7k −$0.85
    EGI $55.9k $12.95
    − OpEx −$16.8k −$3.88
    NOI $39.2k $9.06
    4,320 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $559.4K
    $489.5K – $652.6K (±1% cap)
    NOI $39,156 @ 7.0% cap · market cap 8.70%
    Second Best
    Apartment 5plus
    $487.5K
    $426.5K – $568.7K (±1% cap)
    NOI $34,123 @ 7.0% cap · market cap 7.58%
    Theoretical Best
    Office A
    $880.5K
    $770.4K – $1.03M (±1% cap)
    NOI $61,632 @ 7.0% cap · market cap 13.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.217848
    Latitude
    40.164533

    FAQs

    What type of property is this?
    Quadplex - Well-maintained quadplex with parking at the rear and three-bedroom units featuring recent interior and mechanical updates.
    Where is this quadplex located?
    The property is located at 1014 Eleanor Avenue Piqua, OH.
    What is the asking price?
    The asking price for this property is $449,900.
    More about this property
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