Building Details

Buildings 1

Stories 2

Construction brick

Listing Agency: Plum Tree Realty a***@plumtreerealty.com Show Phone

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

Source: Exprealty

Added: Aug 13 Changed: Oct 2 Last Checked: Oct 5 at 7:55PM

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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 / Yr

$23,028

Cap Rate

8.38%

Suggested Prices Based on Cap Rates

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

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 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 8.38%

Second Best

Apartment 5plus

$286.4K

$250.6K – $334.2K (±1% cap)

NOI $20,051 @ 7.0% cap · market cap 7.29%

Theoretical Best

Office A

$382.2K

$334.5K – $445.9K (±1% cap)

NOI $26,756 @ 7.0% cap · market cap 9.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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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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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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 $274,900.

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