Two-Unit Ranch
For Sale
$429,900
231 W Collins St, Oxford, OH 45056
Separate four-bedroom and one-bedroom layouts include hardwood, stone fireplace, LVT flooring, and new windows.
Property Size2,100 SF
Price / SF$204.71
Days on Market55
Property Features for 231 W Collins St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1965
Construction
ranch
Listing Agency:
RE/MAX Alpha Real Estate
Listed By:
Brian Revalee · License #RB15000186
(513) 523-6358
Source:
Finn-team
Added: Aug 13
Changed: Sep 12
Last Checked: Oct 5 at 10:18PM
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 RE/MAX Alpha Real Estate
Investment Insights
Based on property information with market context.
Located at 231 W Collins St in Oxford’s Mile Square, this 2,100-square-foot ranch duplex contains two distinct residential units. The Collins unit offers four bedrooms and one bathroom, along with hardwood floors, a stone fireplace, and a walkout basement. The lower-level Elm unit includes one bedroom and one bathroom, with an open-concept layout, LVT flooring, and new windows following a recent remodel.
The property is positioned two blocks from Uptown and within a few blocks of Miami University. Oxford Community Arts Center, Lane Library, shopping, and restaurants are also identified nearby. The unit configuration and proximity to the university provide a clear residential income property profile within Oxford’s established Mile Square area.
The property is positioned two blocks from Uptown and within a few blocks of Miami University. Oxford Community Arts Center, Lane Library, shopping, and restaurants are also identified nearby. The unit configuration and proximity to the university provide a clear residential income property profile within Oxford’s established Mile Square area.
Key Highlights
- 2,100‑square‑foot duplex at 231 W Collins St in Oxford’s Mile Square
- Two residential units: 4 BR, 1 BA and 1 BR, 1 BA
- Collins unit includes hardwood floors, stone fireplace, and walkout basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,480
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,600
$409.6K
Cap Rate 7%
$292,571
$292.6K
Cap Rate 9%
$227,556
$227.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$31.5K $15.00/SF
− Vacancy
−$2.2K −$1.07/SF
EGI
$29.3K $13.93/SF
− OpEx
−$8.8K −$4.18/SF
NOI
$20.5K $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 Rate 5%
$409,600
Cap Rate 7%
$292,571
Cap Rate 9%
$227,556
Alternative Uses
Best Use
Multifamily LT 5
$292.6K
$256.0K – $341.3K
NOI $20,480 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,846 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,065 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
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
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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?
Duplex - Separate four-bedroom and one-bedroom layouts include hardwood, stone fireplace, LVT flooring, and new windows.
Where is this duplex located?
The property is located at 231 W Collins St Oxford, OH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,100‑square‑foot duplex at 231 W Collins St in Oxford’s Mile Square; Two residential units: 4 BR, 1 BA and 1 BR, 1 BA; Collins unit includes hardwood floors, stone fireplace, and walkout basement
