Listing Agency: Sibcy Cline, Inc. m***@sibcycline.com Show Phone

Listed By: Tia M Estes Show Phone

Source: Exprealty

Added: Sep 17 Changed: Sep 29 Last Checked: Oct 9 at 10:03PM

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Investment Insights

Based on property information with market context.

This South Lebanon duplex contains two units with a combined 1,640 square feet, four bedrooms, and two full bathrooms. Electrical panels have been updated.

At 158 King Ave, the property is within the Kings Local School District and near shopping, dining, local amenities, and a major commuter route.

Key Highlights

• Two units with a combined 1,640 square feet
• Four bedrooms and two full bathrooms overall
• Updated electrical panels

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,151

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,020 $303.0K

Cap Rate 7%

$216,443 $216.4K

Cap Rate 9%

$168,344 $168.3K

Market Conditions

NOI Build-Up for 1,640 SF

Gross rent

$23.0K $14.04/SF

− Vacancy

−$1.4K −$0.84/SF

EGI

$21.6K $13.20/SF

− OpEx

−$6.5K −$3.96/SF

NOI

$15.2K $9.24/SF

Area

Warren County, OH

Vacancy

6.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,020

Cap Rate 7%

$216,443

Cap Rate 9%

$168,344

Alternative Uses

Best Use

Multifamily LT 5

$216.4K

$189.4K – $252.5K (±1% cap)

NOI $15,151 @ 7.0% cap · market cap 5.53%

Second Best

Apartment 5plus

$193.5K

$169.3K – $225.8K (±1% cap)

NOI $13,547 @ 7.0% cap · market cap 4.94%

Theoretical Best

Office A

$366.3K

$320.5K – $427.4K (±1% cap)

NOI $25,642 @ 7.0% cap · market cap 9.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Hair Salon Auto Parts Store Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

Explore this area Business Placement

Demographics for 45065, OH

6,725

Population

2,527

Households

2.7

Avg Household Size

35

Median Age

46%

College-Educated

93%

High-School Grad

2.9 sq mi

ZIP Area

2,319

Density / Sq Mi

$107,222

Median Household Income

$49,045

Median Earnings

$1,011

Median Rent

$313,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - The property contains four bedrooms, two full bathrooms, and updated electrical panels.

Where is this duplex located?

The property is located at 158 King Ave South Lebanon, OH.

What is the asking price?

The asking price for this property is $274,000.

What are key features of this property?

This property features: Two units with a combined 1,640 square feet; Four bedrooms and two full bathrooms overall; Updated electrical panels