Tenant-Occupied
For Sale
$128,900
1808 Stewart Blvd, Fairborn, OH 45324
Two residential units offer an established income-producing configuration, with one side already occupied.
Property Size1,296 SF
Price / SF$99.46
Days on Market32
Property Features for 1808 Stewart Blvd
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1968
Buildings
1
Listing Agency:
BHHS Professional Realty
(937) 547-0064
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 14
Changed: Oct 15
Last Checked: Oct 14 at 10:45PM
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 BHHS Professional Realty
Investment Insights
Based on property information with market context.
This 1968 duplex contains 1,296 square feet arranged as two separate residential units. Each side includes one bedroom and one bathroom, creating a straightforward layout for residential income use. One unit is currently tenant occupied, providing an existing tenancy at the property.
The property is located in Fairborn near shopping, dining, schools, and major roadways. Its two-unit configuration and existing occupancy support continued use as a residential income property.
The property is located in Fairborn near shopping, dining, schools, and major roadways. Its two-unit configuration and existing occupancy support continued use as a residential income property.
Key Highlights
- Two‑unit duplex built in 1968
- Each unit includes 1 bedroom and 1 bathroom
- 1,296 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,039
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,780
$220.8K
Cap Rate 7%
$157,700
$157.7K
Cap Rate 9%
$122,656
$122.7K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$21.0K $16.20/SF
− Vacancy
−$924 −$0.71/SF
EGI
$20.1K $15.49/SF
− OpEx
−$9.0K −$6.97/SF
NOI
$11.0K $8.52/SF
Area
Greene County, OH
Vacancy
4.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,780
Cap Rate 7%
$157,700
Cap Rate 9%
$122,656
Alternative Uses
Best Use
Multifamily LT 5
$171.4K
$150.0K – $199.9K
NOI $11,996 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$157.7K
$138.0K – $184.0K
NOI $11,039 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office B
$243.7K
$213.2K – $284.3K
NOI $17,058 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
204
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer an established income-producing configuration, with one side already occupied.
Where is this duplex located?
The property is located at 1808 Stewart Blvd Fairborn, OH.
What is the asking price?
The asking price for this property is $128,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1968; Each unit includes 1 bedroom and 1 bathroom; 1,296 square feet of total property size
