Brick Ranch Duplex with
New
For Sale
$464,900
108 Clubhouse Lane, Lebanon, OH 45036
Two well-appointed residences offer private patios, attached garages, vaulted living areas, and separate kitchen and laundry facilities.
Property Size2,752 SF
Price / SF$168.93
Days on Market7
Property Features for 108 Clubhouse Lane
General Information
Standard status
Active
Size
2,752 SF
Total Parking Spaces
4
Property subtype
Residential Income / Multi Family
Zoning
Residential
Net Operating Income
$31,500
Amenities
vaulted ceilings
gas fireplace
skylight
oak cabinetry
dishwasher
garbage disposal
range
refrigerator
ceiling fans
walk-in closets
laundry closet
patio
Ceiling Fan(s), Central Air
Forced Air, Natural Gas
Dishwasher, Disposal, Range, Refrigerator, Gas Water Heater
Yes
4
6
Insulated Windows, Skylight(s)
Ceiling Fan(s), Laminate Counters
Patio
Building Details
Year Built
2002
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Coldwell Banker Heritage
(937) 901-5155
Listed By:
Tony Johnson · License #0000242325
(937) 901-5155
Source:
Compass
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 5 at 11:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This 2,752-square-foot brick ranch duplex, built in 2002, contains two residences with matching layouts. Each side includes 3 bedrooms, 2 full baths, a 2-car attached garage, vaulted ceilings, a gas fireplace, a skylight, and an open living area. Kitchens feature oak cabinetry, a dishwasher, garbage disposal, range, refrigerator, and gas water heater. Walk-in closets, en-suite primary bathrooms, ceiling fans, carpeting, laundry hookups, and storage shelving add practical functionality. Each residence also has a private patio and driveway parking.
The property is located at 108 Clubhouse Lane in Lebanon, Ohio, within a residential setting. Unit B has a long-term month-to-month tenant, while Unit A was previously rented. Tenants pay all utilities and handle snow shoveling and grass cutting. The duplex is suitable for continued rental use or owner occupancy, subject to applicable requirements.
The property is located at 108 Clubhouse Lane in Lebanon, Ohio, within a residential setting. Unit B has a long-term month-to-month tenant, while Unit A was previously rented. Tenants pay all utilities and handle snow shoveling and grass cutting. The duplex is suitable for continued rental use or owner occupancy, subject to applicable requirements.
Key Highlights
- 2,752‑square‑foot duplex on a 0.5‑acre residential lot
- Built in 2002 with a brick exterior and attached 2‑car garages
- Each unit has 3 bedrooms, 2 full baths, and a gas fireplace
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 | $38.6k | $14.04 |
| − Vacancy | −$2.3k | −$0.84 |
| EGI | $36.3k | $13.20 |
| − OpEx | −$10.9k | −$3.96 |
| NOI | $25.4k | $9.24 |
2,752 SF · lease $14.04/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,424 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$324.7K
$284.2K – $378.9K
NOI $22,732 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$614.7K
$537.9K – $717.2K
NOI $43,029 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 45036, OH
41,060
Population
15,036
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
81.2 sq mi
ZIP Area
506
Density / Sq Mi
$97,944
Median Household Income
$51,565
Median Earnings
$1,090
Median Rent
$317,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two well-appointed residences offer private patios, attached garages, vaulted living areas, and separate kitchen and laundry facilities.
Where is this duplex located?
The property is located at 108 Clubhouse Lane Lebanon, OH.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 2,752‑square‑foot duplex on a 0.5‑acre residential lot; Built in 2002 with a brick exterior and attached 2‑car garages; Each unit has 3 bedrooms, 2 full baths, and a gas fireplace
