Triplex with Oversized
New
For Sale
$750,000
13285 Maple Road NE, Thornville, OH 43076
Multiple living quarters support owner-occupant, multigenerational, or potential rental use.
Property Size5,382 SF
Price / SF$139.35
Days on Market2
Property Features for 13285 Maple Road NE
General Information
Standard status
Active
Size
5,382 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/3BA, 1 x 2BR/1BA, 1 x 4BR/3BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,283
Amenities
swimming pool
Building Details
Year Built
1992
Units
3
Listing Agency:
RZ Realty
Listed By:
Zachary Dickson
(740) 975-8938
Source:
Hcblandrealty
Added: Sep 18
Last Checked: Sep 18 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RZ Realty
Investment Insights
Based on property information with market context.
This 1992 triplex offers approximately 5,382 total SF across three separate living areas. The primary residence includes 3 bedrooms and 3 full baths, while a lower-level space adds 2 bedrooms and 1 bath. Above the garage, a separate residence provides approximately 2,200 SF with 4 bedrooms and 3 full baths. In total, the property includes 9 bedrooms and 7 full baths.
The oversized garage accommodates approximately 6 vehicles, with additional room that can support boat storage, recreational vehicles, or workshop use. Recent improvements include a new roof, siding, gutters, and hot water tank serving the main residence. A swimming pool is also present and needs work.
Located at 13285 Maple Road NE in Thornville, the property is near Fairfield Beach, the Fairfield Beach boat ramp, Buckeye Lake Winery, and Buckeye Lake.
The oversized garage accommodates approximately 6 vehicles, with additional room that can support boat storage, recreational vehicles, or workshop use. Recent improvements include a new roof, siding, gutters, and hot water tank serving the main residence. A swimming pool is also present and needs work.
Located at 13285 Maple Road NE in Thornville, the property is near Fairfield Beach, the Fairfield Beach boat ramp, Buckeye Lake Winery, and Buckeye Lake.
Key Highlights
- Approximately 5,382 total SF across three separate living areas
- 9 bedrooms and 7 full baths across the property
- Approximately 2,200 SF residence above the garage with 4 bedrooms and 3 full baths
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
$57,065
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
7.61%
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%
$1,141,300
$1.1M
Cap Rate 7%
$815,214
$815.2K
Cap Rate 9%
$634,056
$634.1K
Market Conditions
NOI Build-Up for 5,382 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
$87.2K $16.20/SF
− Vacancy
−$5.7K −$1.05/SF
EGI
$81.5K $15.15/SF
− OpEx
−$24.5K −$4.54/SF
NOI
$57.1K $10.60/SF
Area
Perry County, OH
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,141,300
Cap Rate 7%
$815,214
Cap Rate 9%
$634,056
Alternative Uses
Best Use
Multifamily LT 5
$815.2K
$713.3K – $951.1K
NOI $57,065 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$794.5K
$695.2K – $926.9K
NOI $55,616 @ 7.0% cap · market cap 7.42%
Theoretical Best
Warehouse
$1.08M
$949.2K – $1.27M
NOI $75,933 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 43076, OH
9,145
Population
4,078
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
93%
High-School Grad
65.2 sq mi
ZIP Area
140
Density / Sq Mi
$84,051
Median Household Income
$53,624
Median Earnings
$892
Median Rent
$274,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Multiple living quarters support owner-occupant, multigenerational, or potential rental use.
Where is this triplex located?
The property is located at 13285 Maple Road NE Thornville, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 5,382 total SF across three separate living areas; 9 bedrooms and 7 full baths across the property; Approximately 2,200 SF residence above the garage with 4 bedrooms and 3 full baths
