Updated Duplex With
For Sale
$175,000
Pending
1216 Young Street, Middletown, OH 45044
ResidentialIncome, Middletown, OH
Property Size1,716 SF
Lot Size0.13 Acres
Days on Market45
Property Features for 1216 Young Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Basement, Bathroom 2
Parking features
Garage
Subdivision
Middletown
Elementary school district
Middletown
Middle school district
Middletown
High school district
Middletown
Standard status
Pending
APN
Q6521-006-000-173
Size
1,716 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
3116 ENT
Legal Description
3116 ENT
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1914
Floors in Building
2
Number of units
2
Building materials
AluminumSiding
Listing Agency:
Keller Williams Community Part · Keller Williams Realty
(937) 530-4904
Listed By:
Eric Jones · License #SAL2016003926
(513) 582-6594
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 30 at 1:06PM
MLS# 964470
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.
Investment Insights
Based on property information with market context.
This 1,716-square-foot duplex sits on a 0.13-acre residential-zoned lot and includes a garage. Built in 1914, the property underwent a comprehensive renovation in 2023, including a roof, vinyl windows, furnaces, water heaters, plumbing, electrical service, flooring, kitchens, bathrooms, and interior and exterior paint. The crawlspace was encapsulated and fitted with a dehumidifier in June 2026, and a new stove was added to unit 1214 in July 2026. Renovation work was permitted.
Unit 1214 offers two bedrooms, one bathroom, a living room, kitchen, and utility room. Unit 1216 includes two bedrooms, two bathrooms, a living room, dining area, kitchen with washer and dryer connection, and a main-level full bath. Both units are occupied, while unit 1216 is on a month-to-month arrangement. Electric and gas are separately metered and paid by tenants; the owner covers water, sewer, and trash.
Unit 1214 offers two bedrooms, one bathroom, a living room, kitchen, and utility room. Unit 1216 includes two bedrooms, two bathrooms, a living room, dining area, kitchen with washer and dryer connection, and a main-level full bath. Both units are occupied, while unit 1216 is on a month-to-month arrangement. Electric and gas are separately metered and paid by tenants; the owner covers water, sewer, and trash.
Key Highlights
- 1,716‑square‑foot duplex on a 0.13‑acre residential‑zoned lot
- Comprehensive renovation completed in 2023, with permitted work
- New roof, vinyl windows, furnaces, water heaters, plumbing, electrical, flooring, kitchens, and bathrooms
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
$15,400
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
8.80%
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%
$308,000
$308.0K
Cap Rate 7%
$220,000
$220.0K
Cap Rate 9%
$171,111
$171.1K
Market Conditions
NOI Build-Up for 1,716 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
$30.3K $17.64/SF
− Vacancy
−$2.3K −$1.32/SF
EGI
$28.0K $16.32/SF
− OpEx
−$12.6K −$7.34/SF
NOI
$15.4K $8.97/SF
Area
Butler County, OH
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$308,000
Cap Rate 7%
$220,000
Cap Rate 9%
$171,111
Alternative Uses
Best Use
Multifamily LT 5
$239.1K
$209.2K – $278.9K
NOI $16,735 @ 7.0% cap · market cap 9.56%
Second Best
Apartment 5plus
$220.0K
$192.5K – $256.7K
NOI $15,400 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$339.3K
$296.9K – $395.8K
NOI $23,750 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 45044, OH
56,128
Population
21,645
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
37.8 sq mi
ZIP Area
1,485
Density / Sq Mi
$71,942
Median Household Income
$40,568
Median Earnings
$1,034
Median Rent
$230,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units feature renovated interiors, separate utilities, and distinct layouts.
Where is this duplex located?
The property is located at 1216 Young Street Middletown, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,716‑square‑foot duplex on a 0.13‑acre residential‑zoned lot; Comprehensive renovation completed in 2023, with permitted work; New roof, vinyl windows, furnaces, water heaters, plumbing, electrical, flooring, kitchens, and bathrooms
