Duplex With Attached
For Sale
$350,000
Pending
161 Wyndcrest Ct, Monroe, OH
Both units include full kitchens, laundry hookups, and appliances.
Property Size2,640 SF
Days on Market42
Property Features for 161 Wyndcrest Ct
General Information
Standard status
Pending
Size
2,640 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Heritage
(318) 547-2563
Listed By:
Christy Stamper
(318) 547-2563
Source:
Exprealty
Added: Jul 13
Changed: Aug 22
Last Checked: Aug 23 at 5:31AM
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 Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with three bedrooms, one bathroom, a combined living and dining area, and a full kitchen. Washer and dryer connections are provided, and the existing appliances will remain. An attached garage adds storage capacity. The roof is less than four years old.
The property is located in Monroe near I-75, with shopping, restaurants, and entertainment within minutes. Both units are occupied by long-term tenants, each with a tenancy history of 7 to 10 years. The property is offered in as-is condition, and each unit can be rented in its current state, with cosmetic improvements identified as an option for future updates.
The property is located in Monroe near I-75, with shopping, restaurants, and entertainment within minutes. Both units are occupied by long-term tenants, each with a tenancy history of 7 to 10 years. The property is offered in as-is condition, and each unit can be rented in its current state, with cosmetic improvements identified as an option for future updates.
Key Highlights
- Two‑unit property with 3 bed/1 bath layouts in each unit
- Each unit has a living/dining combination and full kitchen
- Washer and dryer hookups plus appliances included in both units
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
$25,746
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
7.36%
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%
$514,920
$514.9K
Cap Rate 7%
$367,800
$367.8K
Cap Rate 9%
$286,067
$286.1K
Market Conditions
NOI Build-Up for 2,640 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
$39.6K $15.00/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$36.8K $13.93/SF
− OpEx
−$11.0K −$4.18/SF
NOI
$25.7K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /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%
$514,920
Cap Rate 7%
$367,800
Cap Rate 9%
$286,067
Alternative Uses
Best Use
Multifamily LT 5
$367.8K
$321.8K – $429.1K
NOI $25,746 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$338.5K
$296.2K – $394.9K
NOI $23,692 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$522.0K
$456.7K – $609.0K
NOI $36,539 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units include full kitchens, laundry hookups, and appliances.
Where is this duplex located?
The property is located at 161 Wyndcrest Ct Monroe, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit property with 3 bed/1 bath layouts in each unit; Each unit has a living/dining combination and full kitchen; Washer and dryer hookups plus appliances included in both units
