Updated Two-Unit
1920-1922 Shroyer Rd, Oakwood, OH 45419
For Sale
$369,900
Both residences are occupied, with leases scheduled to continue through 2027.
Property Size2,240 SF
Price / SF$165.13
Days on Market50
Property Features for 1920-1922 Shroyer Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Red 1 Realty
(937) 469-7552
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 26
Changed: Nov 12
Last Checked: Nov 12 at 7:55AM
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 Red 1 Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,240-square-foot duplex, built in 1948, contains two residences of approximately 1,100 square feet each. Each unit has three bedrooms and one full bathroom, and a full basement adds space to the building. Both residences have received updates, with work including refreshed finishes and fixtures. The first-floor unit has a new bathroom, carpet and paint. Improvements to the second-floor unit include a new kitchen with granite countertops and stainless-steel appliances, as well as a new bathroom and fresh paint.
Both units are occupied. The first-floor lease runs through 8/31/27, and the second-floor lease runs through 9/30/27. The owner pays water, sewer and trash; the property has one water meter.
Both units are occupied. The first-floor lease runs through 8/31/27, and the second-floor lease runs through 9/30/27. The owner pays water, sewer and trash; the property has one water meter.
Key Highlights
- 2,240‑square‑foot duplex with two residences of approximately 1,100 square feet each
- Each unit has 3 bedrooms and 1 full bathroom
- Both units are occupied; leases run through 8/31/27 and 9/30/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,002
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,040
$480.0K
Cap Rate 7%
$342,886
$342.9K
Cap Rate 9%
$266,689
$266.7K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$34.3K $15.31/SF
− OpEx
−$10.3K −$4.59/SF
NOI
$24.0K $10.72/SF
Area
Montgomery County, OH
Vacancy
5.51%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,040
Cap Rate 7%
$342,886
Cap Rate 9%
$266,689
Alternative Uses
Best Use
Multifamily LT 5
$342.9K
$300.0K – $400.0K
NOI $24,002 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$314.3K
$275.1K – $366.7K
NOI $22,004 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$398.7K
$348.9K – $465.2K
NOI $27,912 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 45419, OH
16,236
Population
7,480
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,388
Density / Sq Mi
$85,876
Median Household Income
$50,849
Median Earnings
$1,006
Median Rent
$237,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Montgomery County, OH
Properties on Market for Duplexes in Montgomery County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with leases scheduled to continue through 2027.
Where is this duplex located?
The property is located at 1920-1922 Shroyer Rd Oakwood, OH.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 2,240‑square‑foot duplex with two residences of approximately 1,100 square feet each; Each unit has 3 bedrooms and 1 full bathroom; Both units are occupied; leases run through 8/31/27 and 9/30/27
