Mixed-Use Income
2007 Washington Boulevard Belpre, OH 45714
New
For Sale
$279,900
Fully occupied mixed-use building with retail space on the main level and residential units above.
Property Size3,384 SF
Price / SF$82.71
Days on Market3
Property Features for 2007 Washington Boulevard
General Information
Standard status
Active
Size
3,384 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Legacy Real Estate Professionals
Listed By:
Patricia L Burkhammer · License #2022001465
Source:
Carletonrealty
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 7:08AM
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 Legacy Real Estate Professionals
Investment Insights
Based on property information with market context.
This fully occupied mixed-use income building at 2007 Washington Boulevard in Belpre, OH features commercial space on the main level with residential units above. The existing setup provides both an income-producing retail component and upstairs apartments, offering a built-in structure for day-to-day operations.
The property is described as being positioned in a high-visibility location. In addition to the current configuration, the lower level offers potential for conversion into two additional residential units, which could bring the total to four apartments.
Overall, the asset combines active commercial and residential income with an opportunity to expand living space if desired, based on the conversion potential noted in the property information.
The property is described as being positioned in a high-visibility location. In addition to the current configuration, the lower level offers potential for conversion into two additional residential units, which could bring the total to four apartments.
Overall, the asset combines active commercial and residential income with an opportunity to expand living space if desired, based on the conversion potential noted in the property information.
Key Highlights
- Year built 1900 fully occupied mixed‑use building with commercial and residential income streams
- Main level includes commercial space with residential units located above
- Currently has residential units above the commercial space (mixed‑use configuration)
Financial Insights For Retail
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 | $19.9k | $5.88 |
| − Vacancy | −$712 | −$0.21 |
| EGI | $19.2k | $5.67 |
| − OpEx | −$5.8k | −$1.70 |
| NOI | $13.4k | $3.97 |
3,384 SF · lease $5.88/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.0K
$453.3K – $604.3K
NOI $36,260 @ 7.0% cap · market cap 12.95%
Second Best
Apartment 5plus
$477.9K
$418.2K – $557.5K
NOI $33,452 @ 7.0% cap · market cap 11.95%
Theoretical Best
Mixed Use
$786.6K
$688.3K – $917.7K
NOI $55,061 @ 7.0% cap · market cap 19.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied mixed-use building with retail space on the main level and residential units above.
Where is this quadplex located?
The property is located at 2007 Washington Boulevard Belpre, OH.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Year built 1900 fully occupied mixed‑use building with commercial and residential income streams; Main level includes commercial space with residential units located above; Currently has residential units above the commercial space (mixed‑use configuration)
