Duplex with
For Sale
$199,900
123 E North Street, Piqua, OH 45356
Multi-Family, Piqua, OH
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$90.86
Days on Market199
Property Features for 123 E North Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Basement
Unfinished
Lot features
Residential Lot
Elementary school district
5507 Piqua CSD
Middle school district
5507 Piqua CSD
High school district
5507 Piqua CSD
Directions
From Main St. E. on North
Subdivision
703 Piqua
Standard status
Active
APN
N44002950
Size
2,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Brick, Vinyl Siding
Buildings
1
Listing Agency:
RE/MAX Alliance Realty Inc. · RE/MAX International
Listed By:
Paolina Quafisi
(937) 898-4400
Added: Apr 12
Changed: Oct 24
Last Checked: Oct 27 at 4:06PM
MLS# 1044915
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,200-square-foot duplex contains two separate residential units. The lower residence has three bedrooms, an eat-in kitchen, one bathroom, and access to a one-car garage. The upper residence provides one bedroom and one bathroom. Interior features include vinyl flooring and forced-air heating, while the exterior combines brick and vinyl siding. A porch adds outdoor space.
The property occupies 0.09 acres at 123 E North Street in Piqua, Ohio. Public sewer serves the site, and the recorded room configuration includes four bedrooms and two bathrooms across the building.
The property occupies 0.09 acres at 123 E North Street in Piqua, Ohio. Public sewer serves the site, and the recorded room configuration includes four bedrooms and two bathrooms across the building.
Key Highlights
- Two‑unit duplex with a three‑bedroom lower residence and one‑bedroom upper residence
- 2,200 Square Feet of building area on a 0.09‑acre lot
- Lower unit includes an eat‑in kitchen and access to a one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,378
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,560
$347.6K
Cap Rate 7%
$248,257
$248.3K
Cap Rate 9%
$193,089
$193.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$33.8K $15.36/SF
− Vacancy
−$2.2K −$1.00/SF
EGI
$31.6K $14.36/SF
− OpEx
−$14.2K −$6.46/SF
NOI
$17.4K $7.90/SF
Area
Miami County, OH
Vacancy
6.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,560
Cap Rate 7%
$248,257
Cap Rate 9%
$193,089
Alternative Uses
Best Use
Multifamily LT 5
$284.9K
$249.3K – $332.4K
NOI $19,941 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$248.3K
$217.2K – $289.6K
NOI $17,378 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$448.4K
$392.3K – $523.1K
NOI $31,386 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
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Business Placement
Demographics for 45356, OH
25,106
Population
11,353
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
75.5 sq mi
ZIP Area
333
Density / Sq Mi
$66,134
Median Household Income
$38,323
Median Earnings
$900
Median Rent
$144,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a three-bedroom lower residence, one-bedroom upper residence, and public sewer service.
Where is this duplex located?
The property is located at 123 E North Street Piqua, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with a three‑bedroom lower residence and one‑bedroom upper residence; 2,200 Square Feet of building area on a 0.09‑acre lot; Lower unit includes an eat‑in kitchen and access to a one‑car garage
