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2-Unit Duplex with Garage

114 W Main St, Montpelier, OH 43543

For Sale
$119,900

Tenants cover utilities, and both apartments include their own furnace, gas water heater, and laundry hookups.

Property Size1,700 SF
Price / SF$70.53
Days on Market24

Property Features for 114 W Main St

General Information

Standard status Active
Size 1,700 SF
Property subtype Residential Income

Units

Unit Mix 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Additional Details

Tenant in Place Yes

Building Details

Buildings 1
Listing Agency: Elias H. Frey & Sons, Inc.
Listed By: Stacy L. Lillard
Source: Exprealty
Added: Oct 22 Changed: Nov 12 Last Checked: Nov 12 at 2:45PM

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 Elias H. Frey & Sons, Inc.

Rey
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Investment Insights

Based on property information with market context.

This 1,700-square-foot duplex contains two apartments: an upper-level one-bedroom, one-bath unit and a main-floor two-bedroom, one-bath unit. Each has a separate furnace and gas water heater, washer/dryer hookups, a refrigerator, and a stove. Original woodwork remains in the main-floor apartment. A detached 2 1/2-car garage offers parking and storage space. Tenants pay all utilities.

The property has a furnace installed 3 years ago, an electric meter and main panel replaced about 6 years ago, and new water lines dated October 2026.

Key Highlights

  • Two apartments: upper unit with 1 bed/1 bath; main‑floor unit with 2 beds/1 bath
  • 1,700 square feet with a detached 2 1/2‑car garage
  • Each unit has its own furnace, gas water heater, and washer/dryer hookup

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 43543, OH

7,364
Population
3,555
Households
2.1
Avg Household Size
44
Median Age
11%
College-Educated
92%
High-School Grad
84.7 sq mi
ZIP Area
87
Density / Sq Mi
$60,685
Median Household Income
$40,268
Median Earnings
$745
Median Rent
$130,100
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Tenants cover utilities, and both apartments include their own furnace, gas water heater, and laundry hookups.
Where is this duplex located?
The property is located at 114 W Main St Montpelier, OH.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Two apartments: upper unit with 1 bed/1 bath; main‑floor unit with 2 beds/1 bath; 1,700 square feet with a detached 2 1/2‑car garage; Each unit has its own furnace, gas water heater, and washer/dryer hookup
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