Mixed-Use Office and
2003 Central Avenue Middletown, OH 45044
For Sale
$165,000
SINGLE_FAMILY - Middletown, OH
Property Size3,548 SF
Lot Size0.14 Acres
Price / SF$46.51
Days on Market130
Property Features for 2003 Central Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- Q6532029000058
- Size
- 3,548 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1909
- Building materials
- Brick, Vinyl Siding
- Roof type
- Membrane, Shingle
Listing Agency:
Keller Williams Advisors Rlty
(937) 848-6255
Listed By:
Maria Taylor
(513) 766-9200
Added: Mar 17
Changed: Jun 9
Last Checked: Jul 24 at 6:06PM
MLS# 1871973
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a professional office space with approximately 2,680 square feet across the main level and finished lower level, along with a second floor residential space with a separate entry. The office offers a versatile layout featuring two conference rooms, private offices, work rooms, a receptionist area, two bathrooms, and a kitchenette. A private lot behind the building provides ample parking.
The property is located at 2003 Central Avenue in Middletown, Ohio (45044). The commercial office space is also offered for rent, and the commercial space can be shown anytime. Tours of the residential space require the listing agent to be present.
The residential space presents multiple options, including owner-occupied use, use as a rental, or use as additional office space.
The property is located at 2003 Central Avenue in Middletown, Ohio (45044). The commercial office space is also offered for rent, and the commercial space can be shown anytime. Tours of the residential space require the listing agent to be present.
The residential space presents multiple options, including owner-occupied use, use as a rental, or use as additional office space.
Key Highlights
- Mixed‑use building with professional office space totaling approx. 2,680 SF: 1,812 SF main level plus 868 SF finished lower level.
- Office layout includes 2 conference rooms, private offices, work rooms, receptionist area, 2 bathrooms, and a kitchenette.
- Second‑floor residential space with separate entry, offering multiple options including owner‑occupied or rental use.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.9k | $5.88 |
| − Vacancy | −$1.8k | −$0.51 |
| EGI | $19.1k | $5.37 |
| − OpEx | −$7.2k | −$2.02 |
| NOI | $11.9k | $3.36 |
3,548 SF · lease $5.88/SF/yr · vacancy 8.60% · expense 37.50%
Alternative Uses
Best Use
Office B
$577.2K
$505.1K – $673.5K
NOI $40,407 @ 7.0% cap · market cap 24.49%
Second Best
Apartment 5plus
$454.9K
$398.0K – $530.7K
NOI $31,841 @ 7.0% cap · market cap 19.30%
Theoretical Best
Office A
$701.5K
$613.8K – $818.4K
NOI $49,106 @ 7.0% cap · market cap 29.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Main-level professional office space with conference rooms, private offices, and kitchenette, plus a separate-entry residential unit.
Where is this live-work space located?
The property is located at 2003 Central Avenue Middletown, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Mixed‑use building with professional office space totaling approx. 2,680 SF: 1,812 SF main level plus 868 SF finished lower level.; Office layout includes 2 conference rooms, private offices, work rooms, receptionist area, 2 bathrooms, and a kitchenette.; Second‑floor residential space with separate entry, offering multiple options including owner‑occupied or rental use.
