Two-Unit Brick
231 W Collins Street, Oxford, OH 45056
For Sale
$409,900
Residential Income, Oxford, OH
Property Size2,100 SF
Lot Size0.20 Acres
Price / SF$195.19
Days on Market97
Property Features for 231 W Collins Street
General Information
Property type
Property subtype
Parking features
Fireplace
View
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
RE/MAX Alpha Real Estate · RE/MAX International
(513) 523-6358
Listed By:
Brian Revalee · License OH RB15000186
(513) 988-7253
Added: Aug 6
Changed: Oct 27
Last Checked: Nov 10 at 4:06AM
MLS# 1889644
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.
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Investment Insights
Based on property information with market context.
This 1965 brick duplex contains two residences totaling 2,100 square feet on a 0.2-acre lot. The upper Collins unit has four bedrooms and one bathroom, hardwood floors, a stone fireplace, and a walkout basement. The lower-level Elm unit offers one bedroom and one bathroom, an open layout, LVT flooring, and new windows; it has been remodeled. Forced-air, natural-gas heating serves the property, and parking is available both on and off the street.
The property is two blocks from Uptown and a few blocks from Miami University. Nearby destinations named include the Oxford Community Arts Center, Lane Library, shopping, and restaurants.
The property is two blocks from Uptown and a few blocks from Miami University. Nearby destinations named include the Oxford Community Arts Center, Lane Library, shopping, and restaurants.
Key Highlights
- Two residential units: one with 4 bedrooms and 1 bathroom, and one with 1 bedroom and 1 bathroom
- 2,100 square feet on a 0.2‑acre lot
- Brick construction; built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,480
Cap Rate
5.00%
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 5.00%
Second Best
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,846 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,065 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
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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
$247,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Butler County, OH
Properties on Market for Duplexes in Butler County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The property pairs a four-bedroom residence with a remodeled lower-level one-bedroom unit.
Where is this duplex located?
The property is located at 231 W Collins Street Oxford, OH.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two residential units: one with 4 bedrooms and 1 bathroom, and one with 1 bedroom and 1 bathroom; 2,100 square feet on a 0.2‑acre lot; Brick construction; built in 1965
