Duplex with Recent Interior
New
For Sale
$199,000
161 Madison Ave, Fairborn, OH 45324
One side has a long-term tenant, while the other is vacant and ready for viewing.
Property Size1,352 SF
Price / SF$147.19
Days on Market2
Property Features for 161 Madison Ave
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Building Details
Year Built
1990
Listing Agency:
Leis Realty Company
(937) 548-5750
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Oct 4
Last Checked: Oct 5 at 6:50PM
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 Leis Realty Company
Investment Insights
Based on property information with market context.
Built in 1990, this 1,352-square-foot duplex has two sides with different occupancy. One is leased to a long-term tenant; the other is vacant and has new flooring and a newer water heater. The roof was replaced in 2019.
The property is on a dead-end street in Fairborn, minutes from WPAFB.
The property is on a dead-end street in Fairborn, minutes from WPAFB.
Key Highlights
- 1,352‑square‑foot duplex built in 1990
- One side is occupied by a long‑term tenant; the other is vacant
- Vacant side has new flooring and a newer water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,514
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,280
$250.3K
Cap Rate 7%
$178,771
$178.8K
Cap Rate 9%
$139,044
$139.0K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$18.7K $13.80/SF
− Vacancy
−$780 −$0.58/SF
EGI
$17.9K $13.22/SF
− OpEx
−$5.4K −$3.97/SF
NOI
$12.5K $9.26/SF
Area
Greene County, OH
Vacancy
4.18%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,280
Cap Rate 7%
$178,771
Cap Rate 9%
$139,044
Alternative Uses
Best Use
Multifamily LT 5
$178.8K
$156.4K – $208.6K
NOI $12,514 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$164.5K
$144.0K – $191.9K
NOI $11,516 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office B
$254.2K
$222.4K – $296.6K
NOI $17,795 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - One side has a long-term tenant, while the other is vacant and ready for viewing.
Where is this duplex located?
The property is located at 161 Madison Ave Fairborn, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,352‑square‑foot duplex built in 1990; One side is occupied by a long‑term tenant; the other is vacant; Vacant side has new flooring and a newer water heater
