Duplex with Second
For Sale
$150,000
132 E Reynolds Street, Urbana, OH 43078
Multi-Family, Urbana, OH
Property Size2,029 SF
Lot Size0.15 Acres
Price / SF$73.93
Days on Market93
Property Features for 132 E Reynolds Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
None
Patio and Porch features
Porch
Basement
Partial
Subdivision
On Gibbons Add
Lot features
Residential Lot
Elementary school district
1104 Urbana CSD
Middle school district
1104 Urbana CSD
High school district
1104 Urbana CSD
Directions
132 E Reynolds
Standard status
Active
APN
K482500021815400
Size
2,029 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Amenities
covered front porch
huge private backyard
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Vinyl Siding
Listing Agency:
Key Realty
Listed By:
Malia K. Hughes
(877) 539-7589
Added: Jul 24
Changed: Oct 22
Last Checked: Oct 24 at 12:06AM
MLS# 1047266
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.
This duplex property contains 2,029 square feet with four bedrooms, 2.5 bathrooms, two distinct living areas, and a second kitchen. The layout offers multiple residential configurations within a 1900-built home, while vinyl siding, laminate and vinyl flooring, forced-air natural-gas heat, and public sewer service are already in place. A covered front porch and private backyard add usable outdoor space.
The property sits on a 0.15-acre lot at 132 E Reynolds Street in Urbana, Ohio. Historic downtown Urbana is nearby, with access to local shopping, dining, and attractions. There is no designated parking on the property.
The property sits on a 0.15-acre lot at 132 E Reynolds Street in Urbana, Ohio. Historic downtown Urbana is nearby, with access to local shopping, dining, and attractions. There is no designated parking on the property.
Key Highlights
- 2,029 square feet with 4 bedrooms and 2.5 bathrooms
- Two separate living areas and a second kitchen
- 0.15‑acre lot with a private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,012
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,240
$140.2K
Cap Rate 7%
$100,171
$100.2K
Cap Rate 9%
$77,911
$77.9K
Market Conditions
NOI Build-Up for 2,029 SF
Gross rent
$10.7K $5.28/SF
− Vacancy
−$696 −$0.34/SF
EGI
$10.0K $4.94/SF
− OpEx
−$3.0K −$1.48/SF
NOI
$7.0K $3.46/SF
Area
Champaign County, OH
Vacancy
6.50%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,240
Cap Rate 7%
$100,171
Cap Rate 9%
$77,911
Alternative Uses
Best Use
Multifamily LT 5
$100.2K
$87.7K – $116.9K
NOI $7,012 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$85.2K
$74.6K – $99.5K
NOI $5,967 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$565.9K
$495.2K – $660.3K
NOI $39,616 @ 7.0% cap · market cap 26.41%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
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Business Placement
Demographics for 43078, OH
20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
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 - Versatile residential property with separate living areas, a covered porch, and a private backyard near downtown amenities.
Where is this duplex located?
The property is located at 132 E Reynolds Street Urbana, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,029 square feet with 4 bedrooms and 2.5 bathrooms; Two separate living areas and a second kitchen; 0.15‑acre lot with a private backyard
