Duplex with Two Residential
123 E North Street Piqua, OH 45356
For Sale
$199,900
MULTI_FAMILY - Piqua, OH
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$90.86
Days on Market109
Property Features for 123 E North Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Porch
Basement
Unfinished
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
Listing Agency:
RE/MAX Alliance Realty Inc.
(937) 898-4400
Listed By:
Paolina Quafisi · License #0000376693
(937) 898-4400
Added: Apr 12
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 1044915
Copyright © 2026 West Metro Board of 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 for-sale duplex includes two separate residential units. The lower unit has three bedrooms, one full bathroom, and a large eat-in kitchen, with access to a 1-car garage. The upper unit offers one bedroom and one full bathroom, providing a separate, self-contained living option within the same property.
The property is located at 123 E North Street in Piqua, Ohio (Miami County). With two distinct units, the layout supports different living arrangements while keeping day-to-day operations contained to one property.
The configuration is well suited for owner-occupants who want more space downstairs while generating rental income from the upper unit. It can also appeal to investors seeking a straightforward duplex setup with a larger family-oriented unit paired with a smaller, single-bedroom unit. The property’s practical two-level structure makes it a manageable option for those looking for multi-family housing with clear separation between tenants.
The property is located at 123 E North Street in Piqua, Ohio (Miami County). With two distinct units, the layout supports different living arrangements while keeping day-to-day operations contained to one property.
The configuration is well suited for owner-occupants who want more space downstairs while generating rental income from the upper unit. It can also appeal to investors seeking a straightforward duplex setup with a larger family-oriented unit paired with a smaller, single-bedroom unit. The property’s practical two-level structure makes it a manageable option for those looking for multi-family housing with clear separation between tenants.
Key Highlights
- Duplex built in 1920 with brick and vinyl siding exterior
- Flooring includes vinyl throughout
- Forced‑air heating and public sewer service
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $15.36 |
| − Vacancy | −$2.2k | −$1.00 |
| EGI | $31.6k | $14.36 |
| − OpEx | −$14.2k | −$6.46 |
| NOI | $17.4k | $7.90 |
2,200 SF · lease $15.36/SF/yr · vacancy 6.50% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex for sale, featuring a 3-bedroom lower home with garage access and a separate 1-bedroom upper unit.
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: Duplex built in 1920 with brick and vinyl siding exterior; Flooring includes vinyl throughout; Forced‑air heating and public sewer service
