Triplex with
For Sale
$285,000
204 Washington Street, New Richmond, OH 45157
MULTI_FAMILY - New Richmond, OH
Property Size2,538 SF
Lot Size0.17 Acres
Price / SF$112.29
Days on Market52
Property Features for 204 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Window features
Vinyl Frames
Patio and Porch features
Porch
Exterior features
Porch
High school district
New Richmond Ex Vill
Directions
E US 52 to Right on Walnut St Left on Center St, to Right on George St. Left on Washington, property on left.
Subdivision
Clermont-C03
Standard status
Active
APN
260909.285A
Size
2,538 SF
Lot size
0.17 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Baseboard
Building Details
Year built
1919
Number of units
3
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Listing Agency:
Ring Real Estate Co., Georgeto
(937) 378-3800
Listed By:
Brittany Howard
(937) 378-3800
Added: Jun 15
Changed: Aug 1
Last Checked: Aug 5 at 10:06PM
MLS# 1883209
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 fully occupied three-unit triplex offers two one-bedroom units downstairs and a larger two-bedroom unit upstairs. Units 206 and 208 have been recently updated and both include their own laundry hook up. The property also features a porch and off-street parking.
Recent improvements include a new roof and gutters in 2020, along with window and water heater replacements in 24. Constructed in 1919 with brick and vinyl siding, the home is served by electric heating with forced air and baseboard.
With three separate units and documented updates, this is a practical income-producing property for buyers seeking a multi-unit asset in New Richmond.
Recent improvements include a new roof and gutters in 2020, along with window and water heater replacements in 24. Constructed in 1919 with brick and vinyl siding, the home is served by electric heating with forced air and baseboard.
With three separate units and documented updates, this is a practical income-producing property for buyers seeking a multi-unit asset in New Richmond.
Key Highlights
- Fully occupied three‑unit triplex with two one‑bedroom units and one two‑bedroom unit
- Units 206 and 208 recently updated with their own laundry hook up
- New roof and gutters completed in 2020
Financial Insights For Apartment 5plus
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 | $45.7k | $18.00 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $43.4k | $17.10 |
| − OpEx | −$19.5k | −$7.69 |
| NOI | $23.9k | $9.41 |
2,538 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.6K
$342.7K – $456.9K
NOI $27,414 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$341.0K
$298.4K – $397.8K
NOI $23,870 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 45157, OH
9,705
Population
4,069
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
41.1 sq mi
ZIP Area
236
Density / Sq Mi
$96,875
Median Household Income
$43,651
Median Earnings
$874
Median Rent
$232,700
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?
Triplex - Fully occupied three-unit triplex with updated units and in-unit laundry hookups for two lower apartments.
Where is this triplex located?
The property is located at 204 Washington Street New Richmond, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Fully occupied three‑unit triplex with two one‑bedroom units and one two‑bedroom unit; Units 206 and 208 recently updated with their own laundry hook up; New roof and gutters completed in 2020
