Updated Brick
New
For Sale
$284,900
201 E Main Street, Owensville, OH 45160
MULTI_FAMILY - Owensville, OH
Property Size2,132 SF
Lot Size0.17 Acres
Price / SF$133.63
Days on Market2
Property Features for 201 E Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Window features
Aluminum Frames
High school district
Clermont Northeaster
Directions
32E to Bauer rd to Lt on st rt 286 to Rt on Main St (SR 50) Property on right.
Subdivision
Clermont-C05
Standard status
Active
APN
31-12-05B-011
Size
2,132 SF
Lot size
0.17 Acres
Utilities
Heating system
Radiant
Amenities
laundry
basement storage
rear tenant parking
lighted walkways
patio area
yard
Building Details
Year built
1972
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Gigi Dales · License #229539
(513) 378-4663
Added: Aug 13
Last Checked: Aug 14 at 9:06PM
MLS# 1890307
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 2-story brick duplex contains 2,132 square feet and was built in 1972. Each unit includes 2 bedrooms, 1 full bath, a kitchen, and dining space. Unit 1 has new flooring, a new kitchen, an updated bath, and new lighting and fixtures. Unit 2 includes an updated bath, lighting, and fixtures, while both units have fresh paint and laminate flooring.
The property sits on 0.172 acres and includes a new roof, updated landscaping, laundry, basement storage, and rear tenant parking. Lighted walkways lead to the entrances, and the yard includes a patio area. Radiant heating, brick construction, a shingle roof, and off-street parking round out the property features.
The property sits on 0.172 acres and includes a new roof, updated landscaping, laundry, basement storage, and rear tenant parking. Lighted walkways lead to the entrances, and the yard includes a patio area. Radiant heating, brick construction, a shingle roof, and off-street parking round out the property features.
Key Highlights
- 2,132‑square‑foot 2‑story brick duplex
- Each unit has 2 bedrooms, 1 full bath, kitchen, and dining space
- Unit 1 includes a new kitchen, new flooring, updated bath, and new 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
NOI $23,028 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$286.4K
$250.6K – $334.2K
NOI $20,051 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$382.2K
$334.5K – $445.9K
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer refreshed interiors, kitchens, laundry access, basement storage, and off-street parking.
Where is this duplex located?
The property is located at 201 E Main Street 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 2‑story brick duplex; Each unit has 2 bedrooms, 1 full bath, kitchen, and dining space; Unit 1 includes a new kitchen, new flooring, updated bath, and new lighting and fixtures
