Renovated Triplex with Off-Street
For Sale
$725,000
Pending
213 S Main Street, Oxford, OH 45056
Residential Income, Oxford, OH
Property Size2,900 SF
Lot Size0.21 Acres
Days on Market151
Property Features for 213 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Window features
Vinyl Frames
Patio and Porch features
Patio
Exterior features
Patio
High school district
Talawanda City SD
Directions
Spring Street north on Main Street; property right between Spring and Collins.
Subdivision
Butler-W18
Standard status
Pending
APN
H4100-003-000-116
Size
2,900 SF
Lot size
0.21 Acres
Utilities
Heating system
Baseboard, Electric (Heating)
Amenities
large yard
assigned off street parking
Building Details
Year built
1973
Number of units
3
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Listing Agency:
RE/MAX Alpha Real Estate · RE/MAX International
(513) 523-6358
Listed By:
Brian Revalee · License #RB15000186
(513) 988-7253
Added: Apr 28
Changed: Sep 12
Last Checked: Sep 25 at 11:06AM
MLS# 1877000
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 2,900-square-foot triplex contains three residences, each with two bedrooms and 1.5 baths. Renovations include flooring, interior paint, air conditioning, kitchens, and doors. The 1973 property combines brick and vinyl siding construction with shingle roofing, and includes a patio, large yard, and assigned off-street parking on a 0.2104-acre lot.
The property is located approximately one and a half blocks from Uptown Oxford and High Street, placing the residences near the area’s established uptown district. Its three-unit configuration, residential layouts, and updated interior components create a straightforward multifamily asset with dedicated parking and outdoor space.
The property is located approximately one and a half blocks from Uptown Oxford and High Street, placing the residences near the area’s established uptown district. Its three-unit configuration, residential layouts, and updated interior components create a straightforward multifamily asset with dedicated parking and outdoor space.
Key Highlights
- Three‑unit triplex with 2 bedrooms and 1.5 baths in each residence
- 2,900 square feet on a 0.2104‑acre lot
- Renovated flooring, paint, A/C, kitchens, and doors
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
$28,282
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
3.90%
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%
$565,640
$565.6K
Cap Rate 7%
$404,029
$404.0K
Cap Rate 9%
$314,244
$314.2K
Market Conditions
NOI Build-Up for 2,900 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
$43.5K $15.00/SF
− Vacancy
−$3.1K −$1.07/SF
EGI
$40.4K $13.93/SF
− OpEx
−$12.1K −$4.18/SF
NOI
$28.3K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /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%
$565,640
Cap Rate 7%
$404,029
Cap Rate 9%
$314,244
Alternative Uses
Best Use
Multifamily LT 5
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$371.8K
$325.3K – $433.8K
NOI $26,026 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$573.4K
$501.7K – $669.0K
NOI $40,137 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 45056, OH
28,892
Population
9,702
Households
3
Avg Household Size
25
Median Age
54%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
387
Density / Sq Mi
$53,413
Median Household Income
$9,944
Median Earnings
$1,004
Median Rent
$247,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences feature updated interiors, assigned parking, a patio, and a large yard.
Where is this triplex located?
The property is located at 213 S Main Street Oxford, OH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑unit triplex with 2 bedrooms and 1.5 baths in each residence; 2,900 square feet on a 0.2104‑acre lot; Renovated flooring, paint, A/C, kitchens, and doors
