Renovated 2-Unit
New
For Sale
$379,000
103 N 3rd Street, Waynesville, OH 45068
ResidentialIncome, Waynesville, OH
Property Size1,791 SF
Lot Size0.11 Acres
Price / SF$211.61
Days on Market4
Property Features for 103 N 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Parking features
Garage, On Street
Patio and Porch features
Porch
Interior features
CeilingFans, Remodeled
Exterior features
Porch, Storage
Appliances
Dishwasher, Microwave, Range, Refrigerator, ElectricWaterHeater
Subdivision
Wright
Elementary school district
Wayne
Middle school district
Wayne
High school district
Wayne
Standard status
Active
APN
09-06-203-004
Size
1,791 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
WRIGHT LOT# PT. 1
Legal Description
WRIGHT LOT# PT. 1
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
front porch
storage shed
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Frame, VinylSiding
Additional Structures
Storage, Shed(s)
Buildings
1
Listing Agency:
Keller Williams Community Part · Keller Williams Realty
(937) 530-4904
Listed By:
Mark G Rosko
(937) 604-6608
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 2 at 5:06AM
MLS# 972067
Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This up-and-down duplex contains 1,791 square feet across two residences, with two bedrooms and one full bath on the main floor and one bedroom and one full bath upstairs. Both kitchens have quartz countertops and tiled backsplashes; the upper kitchen also features an island. Each unit has electric central air and heat, a separate water heater, a 200-amp electrical panel and laundry hookups.
Updates include a replacement roof with new sheathing, siding, gutters, windows, exterior doors, insulation, electrical, plumbing, drywall, flooring and fixtures. A waterproofing system is installed. The property also has a front porch and rear storage shed, and sits on a 0.1148-acre lot in Waynesville, Ohio.
Updates include a replacement roof with new sheathing, siding, gutters, windows, exterior doors, insulation, electrical, plumbing, drywall, flooring and fixtures. A waterproofing system is installed. The property also has a front porch and rear storage shed, and sits on a 0.1148-acre lot in Waynesville, Ohio.
Key Highlights
- Two‑unit duplex with 1,791 square feet
- Main‑floor unit: 2 bedrooms and 1 full bath; upstairs unit: 1 bedroom and 1 full bath
- Separate electric central air and heat, water heaters, 200‑amp panels and laundry hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,546
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,920
$330.9K
Cap Rate 7%
$236,371
$236.4K
Cap Rate 9%
$183,844
$183.8K
Market Conditions
NOI Build-Up for 1,791 SF
Gross rent
$25.1K $14.04/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$23.6K $13.20/SF
− OpEx
−$7.1K −$3.96/SF
NOI
$16.5K $9.24/SF
Area
Warren County, OH
Vacancy
6.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,920
Cap Rate 7%
$236,371
Cap Rate 9%
$183,844
Alternative Uses
Best Use
Multifamily LT 5
$236.4K
$206.8K – $275.8K
NOI $16,546 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$211.3K
$184.9K – $246.6K
NOI $14,794 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$400.0K
$350.0K – $466.7K
NOI $28,003 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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Business Placement
Demographics for 45068, OH
11,911
Population
4,605
Households
2.6
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
70.6 sq mi
ZIP Area
169
Density / Sq Mi
$95,040
Median Household Income
$55,262
Median Earnings
$1,252
Median Rent
$325,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility systems and laundry hookups serve each residence.
Where is this duplex located?
The property is located at 103 N 3rd Street Waynesville, OH.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,791 square feet; Main‑floor unit: 2 bedrooms and 1 full bath; upstairs unit: 1 bedroom and 1 full bath; Separate electric central air and heat, water heaters, 200‑amp panels and laundry hookups for each unit
