Brick Triplex with Central
For Sale
$293,000
130 N High Street, Bradford, OH 45308
Multi-Family, Bradford, OH
Property Size3,024 SF
Lot Size0.39 Acres
Price / SF$96.89
Days on Market64
Property Features for 130 N High Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 2
Parking features
None
Appliances
Range, Refrigerator
Lot features
Residential Lot
Elementary school district
5502 Bradford EVSD
Middle school district
5502 Bradford EVSD
High school district
5502 Bradford EVSD
Directions
S Main to W on School R on High
Subdivision
705 Bradford
Standard status
Active
APN
A04240921010513400
Size
3,024 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1991
Floors in Building
1
Number of units
3
Building materials
Brick
Listing Agency:
Galbreath REALTORS
(937) 339-0508
Listed By:
Shari Thokey · License #232655
(937) 339-0508
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 31 at 6:06AM
MLS# 1046705
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.
Investment Insights
Based on property information with market context.
This 3,024-square-foot triplex contains three residential units with two-bedroom layouts, one large bathroom, an eat-in kitchen, and a utility room. Brick construction dates to 1991, with central air conditioning and forced-air natural gas heating serving the property. Ranges and refrigerators are included, and public sewer serves the building.
The property occupies 0.39 acres at 130 N High Street in Bradford, Ohio, within Darke County. Each household pays its own utilities. No on-site parking is identified.
The property occupies 0.39 acres at 130 N High Street in Bradford, Ohio, within Darke County. Each household pays its own utilities. No on-site parking is identified.
Key Highlights
- Three‑unit triplex with two‑bedroom layouts
- 3,024 square feet on 0.39 acres
- Brick construction completed in 1991
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
$23,886
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
8.15%
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%
$477,720
$477.7K
Cap Rate 7%
$341,229
$341.2K
Cap Rate 9%
$265,400
$265.4K
Market Conditions
NOI Build-Up for 3,024 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
$46.4K $15.36/SF
− Vacancy
−$3.0K −$1.00/SF
EGI
$43.4K $14.36/SF
− OpEx
−$19.5K −$6.46/SF
NOI
$23.9K $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 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%
$477,720
Cap Rate 7%
$341,229
Cap Rate 9%
$265,400
Alternative Uses
Best Use
Multifamily LT 5
$391.6K
$342.6K – $456.8K
NOI $27,409 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$341.2K
$298.6K – $398.1K
NOI $23,886 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$616.3K
$539.3K – $719.0K
NOI $43,142 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 45308, OH
4,488
Population
1,716
Households
2.6
Avg Household Size
39
Median Age
12%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
88
Density / Sq Mi
$70,744
Median Household Income
$40,870
Median Earnings
$906
Median Rent
$164,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature two-bedroom layouts, eat-in kitchens, utility rooms, and individually paid utilities.
Where is this triplex located?
The property is located at 130 N High Street Bradford, OH.
What is the asking price?
The asking price for this property is $293,000.
What are key features of this property?
This property features: Three‑unit triplex with two‑bedroom layouts; 3,024 square feet on 0.39 acres; Brick construction completed in 1991
