Duplex with Updated Vacant
New
For Sale
$199,000
163-161 Madison Ave, Fairborn, OH 45324
One residence is leased to a long-term tenant, while the second is unoccupied and ready for viewing.
Property Size1,352 SF
Price / SF$147.19
Days on Market4
Property Features for 163-161 Madison Ave
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Residential Income
Additional Details
Road Access
Yes
Multifamily Units
2
Listing Agency:
Coldwell Banker Heritage
(937) 322-0352
Listed By:
Chelsea Ragon
(937) 561-5019
Source:
Exprealty
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 2:23PM
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 1,352-square-foot duplex in Fairborn has one occupied residence and one vacant unit. The vacant side has new flooring and a newer water heater; the roof was replaced in 2019. The available unit can be viewed, while the other side remains leased to a long-term tenant.
The property sits on a dead-end street and is a short drive from WPAFB.
The property sits on a dead-end street and is a short drive from WPAFB.
Key Highlights
- 1,352‑square‑foot duplex in Fairborn
- One side is leased to a long‑term tenant; the other unit is vacant and available to view
- Roof replaced in 2019
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
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased to a long-term tenant, while the second is unoccupied and ready for viewing.
Where is this duplex located?
The property is located at 163-161 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 in Fairborn; One side is leased to a long‑term tenant; the other unit is vacant and available to view; Roof replaced in 2019
