Building Details

Year Built 1880

Buildings 1

Listing Agency: Howard Hanna Real Estate Services

Listed By: Tracy L Kauffman · License #2002002519 Show Phone

Source: Theacclaimedrealty

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 7 at 2:55PM

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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 Howard Hanna Real Estate Services

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Investment Insights

Based on property information with market context.

Located in Perrysville, this 2,020-square-foot duplex contains two separate residences within an 1880 building. The main-floor unit includes two bedrooms, a living room, kitchen, full bathroom, and first-floor laundry. Its gas furnace was replaced approximately 4–5 years ago and is serviced annually, while the property received a new hot water tank in 2022.

The upper residence provides one bedroom, living and dining areas, a kitchen, full bathroom, and private outdoor deck. This unit uses electric heat and has a new tub, shower, and surround. Newer windows are installed throughout, and each apartment includes an owner-owned stove and refrigerator. The property is offered for sale with layouts that support either rental use or an owner-occupant arrangement.

Key Highlights

• 2,020‑square‑foot duplex in Perrysville
• Two‑bedroom main‑floor unit with first‑floor laundry
• One‑bedroom upper unit with private outdoor deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,438

Cap Rate

8.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,760 $348.8K

Cap Rate 7%

$249,114 $249.1K

Cap Rate 9%

$193,756 $193.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,020 SF

Gross rent

$33.7K $16.68/SF

− Vacancy

−$2.0K −$0.98/SF

EGI

$31.7K $15.70/SF

− OpEx

−$14.3K −$7.06/SF

NOI

$17.4K $8.63/SF

Area

Hamilton County, OH

Vacancy

5.90%

Lease Rate

$16.68 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,760

Cap Rate 7%

$249,114

Cap Rate 9%

$193,756

Alternative Uses

Best Use

Multifamily LT 5

$272.3K

$238.2K – $317.7K (±1% cap)

NOI $19,059 @ 7.0% cap · market cap 9.77%

Second Best

Apartment 5plus

$249.1K

$218.0K – $290.6K (±1% cap)

NOI $17,438 @ 7.0% cap · market cap 8.94%

Theoretical Best

Office A

$362.1K

$316.9K – $422.5K (±1% cap)

NOI $25,350 @ 7.0% cap · market cap 13.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

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Demographics for 44864, OH

3,182

Population

1,575

Households

2

Avg Household Size

45

Median Age

15%

College-Educated

90%

High-School Grad

59.6 sq mi

ZIP Area

53

Density / Sq Mi

$57,500

Median Household Income

$37,829

Median Earnings

$882

Median Rent

$138,700

Median Home Value

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 - Well-maintained duplex with distinct two- and one-bedroom residences, separate kitchens, full baths, and laundry in the main-floor unit.

Where is this duplex located?

The property is located at 121 N Bridge St Perrysville, OH.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: 2,020‑square‑foot duplex in Perrysville; Two‑bedroom main‑floor unit with first‑floor laundry; One‑bedroom upper unit with private outdoor deck