Rented Duplex with Study
For Sale
Contact for pricing
108 Linwood Lane, Oxford, OH 45056
Duplex with two units, each with eat-in kitchen, living and dining areas, plus an additional study room.
Property Size3,040 SF
Price / SF$220.07
Days on Market100
Property Features for 108 Linwood Lane
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Year Built
1998
Listing Agency:
CENTURY 21 Thacker
Listed By:
Sandra Bowie · License #OH
(513) 524-2221
Source:
Crexi
Added: May 28
Changed: Sep 3
Last Checked: Sep 1 at 10:30PM
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 CENTURY 21 Thacker
Investment Insights
Based on property information with market context.
This duplex includes two units, each offering a layout with an eat-in kitchen, living room, dining area, and a bonus study room. The listing describes each unit as 4 bedrooms and 2.5 bathrooms.
The property is presented for sale at 108 Linwood Lane in Oxford, OH. It is currently described as rented for the next year, with Unit 106 priced at $24,000 and Unit 108 priced at $26,000.
This configuration may appeal to buyers seeking an income-producing residential duplex with a similar unit layout across both sides.
The property is presented for sale at 108 Linwood Lane in Oxford, OH. It is currently described as rented for the next year, with Unit 106 priced at $24,000 and Unit 108 priced at $26,000.
This configuration may appeal to buyers seeking an income-producing residential duplex with a similar unit layout across both sides.
Key Highlights
- 1998‑built duplex with 2 units
- Each unit features an eat‑in kitchen, living room, and dining area
- Total layout includes 4 bedrooms and 2.5 bathrooms across the duplex
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
$29,647
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
4.43%
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%
$592,940
$592.9K
Cap Rate 7%
$423,529
$423.5K
Cap Rate 9%
$329,411
$329.4K
Market Conditions
NOI Build-Up for 3,040 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
$45.6K $15.00/SF
− Vacancy
−$3.2K −$1.07/SF
EGI
$42.4K $13.93/SF
− OpEx
−$12.7K −$4.18/SF
NOI
$29.6K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /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%
$592,940
Cap Rate 7%
$423,529
Cap Rate 9%
$329,411
Alternative Uses
Best Use
Multifamily LT 5
$423.5K
$370.6K – $494.1K
NOI $29,647 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$389.7K
$341.0K – $454.7K
NOI $27,282 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$601.1K
$525.9K – $701.3K
NOI $42,075 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 45056, OH
28,892
Population
9,702
Households
3
Avg Household Size
25
Median Age
54%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
387
Density / Sq Mi
$53,413
Median Household Income
$9,944
Median Earnings
$1,004
Median Rent
$247,700
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 - Duplex with two units, each with eat-in kitchen, living and dining areas, plus an additional study room.
Where is this duplex located?
The property is located at 108 Linwood Lane Oxford, OH.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 1998‑built duplex with 2 units; Each unit features an eat‑in kitchen, living room, and dining area; Total layout includes 4 bedrooms and 2.5 bathrooms across the duplex
