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Duplex with Updated Unit
New
For Sale
$265,000

221 N Cherry, Lebanon, OH 45036

Two residential units sit near downtown and directly across from Pleasant Park.

Property SizeContact for details
Days on Market4

Property Features for 221 N Cherry

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA (1,000+ sq ft)
Multifamily Units 2
Listing Agency: Keller Williams Advisors (513-766-9200)
Listed By: Tami Holmes · License #2005015284
Source: Tami-holmes
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 14 at 10:29PM

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 Keller Williams Advisors (513-766-9200)

Investment Insights

Based on property information with market context.

This duplex contains two units, each with more than 1,000 square feet, two bedrooms, and one bathroom. The roof and windows were replaced in 2022, and one unit received renovations in 2026.

The property is across from Pleasant Park and close to downtown Lebanon. Lebanon Landing is one street away.

Key Highlights

  • Two units, each with more than 1,000 square feet, 2 bedrooms, and 1 bathroom
  • Roof and windows replaced in 2022
  • One unit renovated in 2026

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Building Supply (Bike/Boat/Book/etc) Store Locksmith Pharmacy

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

Location Intelligence

Trade Area within ½ mile

195
Businesses Nearby

Demographics for 45036, OH

41,060
Population
15,036
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
81.2 sq mi
ZIP Area
506
Density / Sq Mi
$97,944
Median Household Income
$51,565
Median Earnings
$1,090
Median Rent
$317,600
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 residential units sit near downtown and directly across from Pleasant Park.
Where is this duplex located?
The property is located at 221 N Cherry Lebanon, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two units, each with more than 1,000 square feet, 2 bedrooms, and 1 bathroom; Roof and windows replaced in 2022; One unit renovated in 2026
More about this property
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