Two-Unit Duplex with Attached
2052 Stivers Rd, Aberdeen, OH 45101
For Sale
$189,000
Both residences offer two-bedroom layouts, central air, electric heat, and washer/dryer hookups.
Property Size1,680 SF
Price / SF$112.50
Days on Market19
Property Features for 2052 Stivers Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Amenities
washer/dryer hookups
central air
electric heat
vinyl windows
Listing Agency:
Sibcy Cline, Inc.
(513) 474-4800
Listed By:
David E Campbell · License OH #0000236081
(937) 392-4308
Source:
Exprealty
Added: Oct 27
Changed: Nov 12
Last Checked: Nov 12 at 2:11PM
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 Sibcy Cline, Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two units, each with two bedrooms and one bathroom. The 1,680-square-foot property includes central air, electric heat, vinyl windows, and washer/dryer hookups in both residences. One unit has new carpet, while the other includes an attached garage. A long-term renter occupies one unit.
The home is on a dead-end street in Aberdeen, with shopping and restaurants described as minutes away.
The home is on a dead-end street in Aberdeen, with shopping and restaurants described as minutes away.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,680 square feet
- Attached garage at one unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,441
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,820
$148.8K
Cap Rate 7%
$106,300
$106.3K
Cap Rate 9%
$82,678
$82.7K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$11.5K $6.84/SF
− Vacancy
−$862 −$0.51/SF
EGI
$10.6K $6.33/SF
− OpEx
−$3.2K −$1.90/SF
NOI
$7.4K $4.43/SF
Area
Brown County, OH
Vacancy
7.50%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,820
Cap Rate 7%
$106,300
Cap Rate 9%
$82,678
Alternative Uses
Best Use
Multifamily LT 5
$106.3K
$93.0K – $124.0K
NOI $7,441 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$98.7K
$86.4K – $115.2K
NOI $6,909 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$332.2K
$290.7K – $387.5K
NOI $23,252 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 45101, OH
2,125
Population
957
Households
2.2
Avg Household Size
45
Median Age
7%
College-Educated
86%
High-School Grad
17.8 sq mi
ZIP Area
119
Density / Sq Mi
$38,352
Median Household Income
$26,481
Median Earnings
$545
Median Rent
$139,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two-bedroom layouts, central air, electric heat, and washer/dryer hookups.
Where is this duplex located?
The property is located at 2052 Stivers Rd Aberdeen, OH.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,680 square feet; Attached garage at one unit
