Duplex with Two Separate
137 South Main Street Waynesville, OH 45068
137 South Main Street, Waynesville, OH, 45068
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For Sale
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Duplex offered for sale with two separate entrances, each containing a 1-bedroom unit and off-street parking.
Property Size1,636 SF
Price / SF$244.50
Days on Market69
Property Features for 137 South Main Street
General Information
- Standard status
- Active
- Size
- 1,636 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1906
Listing agency
Keller Williams Advisors
(513) 800-0675
Listed by
John M Bissman · License #2013003960
Source
Crexi
Added: May 15 Updated: Jul 21 at 3:54AM Checked: Jul 22 at 5:51AM
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 Keller Williams Advisors
Investment Insights
Based on property information with market context.
This income-producing duplex is configured as two residential units with separate entrances. The property includes two 1-bedroom units, and both are currently occupied. It also features off-street parking, two detached garages, and a partial basement.
Located at 137 South Main Street in Waynesville, the property is positioned for convenient access to downtown shops, dining, parks, and community events.
The buyer should verify all zoning, leases, rents, square footage, taxes, and permitted uses.
Located at 137 South Main Street in Waynesville, the property is positioned for convenient access to downtown shops, dining, parks, and community events.
The buyer should verify all zoning, leases, rents, square footage, taxes, and permitted uses.
Key Highlights
- Income‑producing duplex at 137 S Main St, built in 1906, currently configured as two residential units with separate entrances
- Two 1‑bedroom units with separate entrances; both units currently occupied
- Approx. 1,636 total sq ft total with off‑street parking
Local Financial Insights For Multifamily LT 5
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 | $23.0k | $14.04 |
| − Vacancy | −$1.4k | −$0.84 |
| EGI | $21.6k | $13.20 |
| − OpEx | −$6.5k | −$3.96 |
| NOI | $15.1k | $9.24 |
1,636 SF · lease $14.04/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.9K
$188.9K – $251.9K
NOI $15,114 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$193.1K
$168.9K – $225.2K
NOI $13,514 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$365.4K
$319.8K – $426.3K
NOI $25,580 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offered for sale with two separate entrances, each containing a 1-bedroom unit and off-street parking.
Where is this duplex located?
The property is located at 137 South Main Street Waynesville, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Income‑producing duplex at 137 S Main St, built in 1906, currently configured as two residential units with separate entrances; Two 1‑bedroom units with separate entrances; both units currently occupied; Approx. 1,636 total sq ft total with off‑street parking
