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Duplex Near Ohio University

226 West Union Street Athens, OH 45701

226 West Union Street, Athens, OH, 45701

$279,900

For Sale

$279,900

Duplex near Ohio University, great investment or owner-occupant opportunity.

Property Size1,892 SF

Price / SF$147.94

AddedMar 29

Days on Market108

Last RefreshMay 27 at 12:56 pm

Property Features for 226 West Union Street

General Information

Standard status: Active
Size: 1,892 SF
Property subtype: Multi-Family / Duplex

Building Details

Year Built: 1900

Listing office e-Merge Real Estate Excellence

Listing date Mar 29, 2026

Source Compass

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 e-Merge Real Estate Excellence

Investment Insights

Based on property information with market context.

This duplex is located near Ohio University in Athens and offers investment or owner-occupant potential. The main floor unit features 2 bedrooms, a spacious living room, a kitchen, and 1 full bath. The upper unit includes 2 bedrooms, a kitchen, 1 full bath, and a small living room that could serve as a possible 3rd bedroom or office. The property is conveniently located near campus, shopping, dining, and local amenities. It offers a rental opportunity in a desirable location. The property size is 1892 square feet.

Key Highlights

Excellent investment opportunity or owner‑occupant potential.
Located near Ohio University and local amenities.
Strong rental opportunity in a desirable location.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.9k	$14.76
− Vacancy	−$4.2k	−$2.20
EGI	$23.8k	$12.56
− OpEx	−$7.1k	−$3.77
NOI	$16.6k	$8.79

1,892 SF · lease $14.76/SF/yr · vacancy 14.89% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$237.7K

$208.0K – $277.3K (±1% cap)

NOI $16,637 @ 7.0% cap · market cap 5.94%

Second Best

Apartment 5plus

$218.1K

$190.9K – $254.5K (±1% cap)

NOI $15,269 @ 7.0% cap · market cap 5.46%

Theoretical Best

Office A

$432.1K

$378.1K – $504.1K (±1% cap)

NOI $30,247 @ 7.0% cap · market cap 10.81%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
OH
Athens
45701
226 West Union Street

What type of property is this?

Duplex - Duplex near Ohio University, great investment or owner-occupant opportunity.

Where is this duplex located?

The property is located at 226 West Union Street Athens, OH.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: Excellent investment opportunity or owner‑occupant potential.; Located near Ohio University and local amenities.; Strong rental opportunity in a desirable location.