Three-Unit Multifamily
1015 Milldale Road, Portsmouth, OH 45662
MULTI_FAMILY - Portsmouth, OH
Property size:
2,912 SFLot size:
1.34 AcresPrice / SF:
$101/SF- Added:
- Jun 29, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 1015 Milldale Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 3, Bathroom 1
- Window features
- Vinyl Frames, Double Pane Windows
- Patio and Porch features
- Deck
- Interior features
- Cable, Ceiling Fan(s), Hardwood Floors, Walk In Closet, Wall to Wall Carpet
- Exterior features
- Deck, Gravel Drive, Paved Drive, Paved Street
- Standard status
- Active
- APN
- 34-0936 34-1320 34-1319.001
- Size
- 2,912 SF
- Lot size
- 1.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2554
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wall Furnace
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Roger Goddard (740) 357-5806
Listing office Goddard Realty Group, LLC 8520 Ohio River Rd Ste C, Wheelersburg, OH (740) 574-3300
Listing date Jun 29, 2026
MLS# 155644
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.
HighLights
- Fully occupied 3‑unit property currently generating $3,400 in gross monthly rental income
- Two‑story single‑family portion with living room, office, eat‑in kitchen, 1 full bath, and 2 upstairs bedrooms
- Duplex built in 2018 with two modern 1‑bedroom units, each with open‑concept great room, laundry area, walk‑in closet, and full bath
- Multiple parking/storage: 3‑car garage, additional 1‑car garage, 2‑car carport, and block storage building
- Year built listed as 1930; roof is asphalt with public water and public sewer
- Heating includes natural gas wall furnace; cooling includes window unit(s) and central air
Overview
This fully occupied three-unit multifamily property offers a mix of layouts. One portion is a two-story single-family home with a living room, office, eat-in kitchen, full bath, and two upstairs bedrooms. The remaining two units are part of a duplex built in 2018, with each one-bedroom unit featuring an open-concept great room, a laundry area, a walk-in closet, and a full bath.
The property is located at 1015 Milldale Road in Portsmouth, Ohio, on 1.34 acres. Parking and storage are supported by a three-car garage, an additional one-car garage, a two-car carport, and a block storage building.
For buyers seeking an income-producing setup, the property is presented as turnkey based on current occupancy. The three separate units provide variety in tenant fit, including a larger bedroom count within the two-story home and two one-bedroom options within the duplex. Current gross monthly rental income is reported at $3,400.
The property is located at 1015 Milldale Road in Portsmouth, Ohio, on 1.34 acres. Parking and storage are supported by a three-car garage, an additional one-car garage, a two-car carport, and a block storage building.
For buyers seeking an income-producing setup, the property is presented as turnkey based on current occupancy. The three separate units provide variety in tenant fit, including a larger bedroom count within the two-story home and two one-bedroom options within the duplex. Current gross monthly rental income is reported at $3,400.
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 | $39.5k | $13.56 |
| − Vacancy | −$3.0k | −$1.03 |
| EGI | $36.5k | $12.53 |
| − OpEx | −$10.9k | −$3.76 |
| NOI | $25.5k | $8.77 |
2,912 SF · lease $13.56/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.9K
$319.3K – $425.7K
NOI $25,540 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,517 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$619.7K
$542.2K – $723.0K
NOI $43,379 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Hill International Inc
Construction Company
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Scioto
- State
- Ohio
- Longitude
- -82.926315
- Latitude
- 38.759781
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully occupied three-unit income property with a two-story home plus two modern one-bedroom units.
Where is this triplex located?
The property is located at 1015 Milldale Road Portsmouth, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Fully occupied 3‑unit property currently generating $3,400 in gross monthly rental income; Two‑story single‑family portion with living room, office, eat‑in kitchen, 1 full bath, and 2 upstairs bedrooms; Duplex built in 2018 with two modern 1‑bedroom units, each with open‑concept great room, laundry area, walk‑in closet, and full bath
