Building Details

Buildings 1

Tenancy Multi

Listing Agency: RE/MAX Victory + Affiliates d***@gmail.com Show Phone

Listed By: James Mike Martin · License #2003007029 Show Phone

Source: Exprealty

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 15 at 3:10AM

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Investment Insights

Based on property information with market context.

The 1,986-square-foot duplex contains two apartments: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. The three-bedroom unit underwent a full renovation in 2020, including replacement windows and roof work. Each unit has a separate furnace and electric service; window air-conditioning units, a partial basement, and on-street parking are also part of the property. The two-bedroom apartment is leased through 4/30/27, while the three-bedroom apartment is occupied month-to-month. Water, sewer, and trash are billed together by the city, with the owner responsible for those services.

At 220 N Vine St in downtown Harrison, the property is near restaurants, shops, community events, and the DORA district.

Key Highlights

• 1,986‑square‑foot duplex with three‑bedroom and two‑bedroom apartments
• Three‑bedroom unit fully renovated in 2020, with new windows and an updated roof
• Two‑bedroom apartment leased through 4/30/27; three‑bedroom apartment is month‑to‑month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,738

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,760 $374.8K

Cap Rate 7%

$267,686 $267.7K

Cap Rate 9%

$208,200 $208.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,986 SF

Gross rent

$28.4K $14.28/SF

− Vacancy

−$1.6K −$0.80/SF

EGI

$26.8K $13.48/SF

− OpEx

−$8.0K −$4.04/SF

NOI

$18.7K $9.44/SF

Area

Hamilton County, OH

Vacancy

5.61%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,760

Cap Rate 7%

$267,686

Cap Rate 9%

$208,200

Alternative Uses

Best Use

Multifamily LT 5

$267.7K

$234.2K – $312.3K (±1% cap)

NOI $18,738 @ 7.0% cap · market cap 8.93%

Second Best

Apartment 5plus

$244.9K

$214.3K – $285.8K (±1% cap)

NOI $17,145 @ 7.0% cap · market cap 8.17%

Theoretical Best

Office A

$356.1K

$311.6K – $415.4K (±1% cap)

NOI $24,924 @ 7.0% cap · market cap 11.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery Dental Office Electrical Service Catering Service

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

327

Businesses Nearby

Explore this area Business Placement

Demographics for 45030, OH

21,234

Population

8,756

Households

2.4

Avg Household Size

39

Median Age

29%

College-Educated

94%

High-School Grad

40.1 sq mi

ZIP Area

530

Density / Sq Mi

$97,228

Median Household Income

$50,146

Median Earnings

$1,101

Median Rent

$234,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two apartments offer a mix of three- and two-bedroom layouts, with separate furnaces and electric service.

Where is this duplex located?

The property is located at 220 N Vine St Harrison, OH.

What is the asking price?

The asking price for this property is $209,900.

What are key features of this property?

This property features: 1,986‑square‑foot duplex with three‑bedroom and two‑bedroom apartments; Three‑bedroom unit fully renovated in 2020, with new windows and an updated roof; Two‑bedroom apartment leased through 4/30/27; three‑bedroom apartment is month‑to‑month