Building Details

Buildings 1

Stories 2

Construction brick

Listing Agency: Plum Tree Realty g***@aol.com Show Phone

Listed By: Gigi J Dales · License #229539 Show Phone

Source: Exprealty

Added: Aug 13 Changed: Aug 20 Last Checked: Aug 20 at 12:39PM

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Investment Insights

Based on property information with market context.

This two-level brick duplex at 201 E Main St in Owensville, OH contains 2,132 square feet with two residential units. Each unit includes two bedrooms, one full bathroom, a kitchen, and dining space. Interior improvements include refreshed flooring, kitchens, bathrooms, lighting, fixtures, and paint, with the updates varying by unit. The property also has a new roof and updated landscaping.

Residents have access to laundry facilities, basement storage, rear parking, and illuminated walkways leading to the entrances. Exterior amenities include a yard and patio area. The two-unit configuration supports separate residential occupancy, while the combination of updated interiors and shared site features provides a practical layout for continued rental use or owner occupancy.

Key Highlights

• 2,132‑square‑foot two‑story brick duplex at 201 E Main St, Owensville, OH
• Each unit has 2 bedrooms, 1 full bath, kitchen, and dining room
• Unit 1 includes new flooring, a new kitchen, updated bath, lighting, and fixtures

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$23,028

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.08%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$460,560 $460.6K

Cap Rate 7%

$328,971 $329.0K

Cap Rate 9%

$255,867 $255.9K

Market Conditions

NOI Build-Up for 2,132 SF 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.

Gross rent

$34.5K $16.20/SF

− Vacancy

−$1.6K −$0.77/SF

EGI

$32.9K $15.43/SF

− OpEx

−$9.9K −$4.63/SF

NOI

$23.0K $10.80/SF

Area

Clermont County, OH

Vacancy

4.75%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$460,560

Cap Rate 7%

$328,971

Cap Rate 9%

$255,867

Alternative Uses

Best Use

Multifamily LT 5

$329.0K

$287.9K – $383.8K (±1% cap)

NOI $23,028 @ 7.0% cap · market cap 8.08%

Second Best

Apartment 5plus

$286.4K

$250.6K – $334.2K (±1% cap)

NOI $20,051 @ 7.0% cap · market cap 7.04%

Theoretical Best

Office A

$382.2K

$334.5K – $445.9K (±1% cap)

NOI $26,756 @ 7.0% cap · market cap 9.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Hair Salon Storage Facility Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

Explore this area Business Placement

Demographics for 45160, OH

627

Population

314

Households

2

Avg Household Size

45

Median Age

8%

College-Educated

63%

High-School Grad

0.3 sq mi

ZIP Area

2,090

Density / Sq Mi

$28,438

Median Earnings

$140,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer refreshed interiors, private laundry, basement storage, and rear parking in Owensville.

Where is this duplex located?

The property is located at 201 E Main St Owensville, OH.

What is the asking price?

The asking price for this property is $284,900.

What are key features of this property?

This property features: 2,132‑square‑foot two‑story brick duplex at 201 E Main St, Owensville, OH; Each unit has 2 bedrooms, 1 full bath, kitchen, and dining room; Unit 1 includes new flooring, a new kitchen, updated bath, lighting, and fixtures