Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Chillicothe Duplex For Sale Title is generated by Realmo AI

    24 Leggett Avenue, Chillicothe, OH 45601

    View on Map
    Claim this Listing
    For Sale
    $124,900

    Duplex with two units, carport, close to amenities.

    Type:Multi-Family / Duplex
    Property size:
    1,560 SF
    Price / SF:
    $80/SF
    Added:
    Dec 19, 2025
    Days on Market:
    163
    Last Refresh:
    May 21 at 10:04 am

    Property Features for 24 Leggett Avenue

    General Information

    Standard status
    Active
    Size
    1,560 SF
    Property subtype
    Multi-Family / Duplex

    Building Details

    Year Built
    1953

    We can help!

    Listing Contact
    Cathleen A Campbell
    Cathleen A Campbell

    Listing agent Cathleen A Campbell License #2005012953

    Listing office e-Merge Real Estate Crossroads

    Listing date Dec 19, 2025

    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 Crossroads

    HighLights

    • Duplex: Ideal for investment property or owner‑occupied rental.
    • Two spacious units, each with one bedroom and one bathroom.
    • Carport provides off‑street parking.
    • Convenient city location.
    • Close proximity to shopping and dining.
    • Easy access to the highway.

    Overview

    This duplex presents an investment opportunity or potential for owner-occupied rental income. The property features two units, each containing one bedroom and one bathroom. A carport provides off-street parking. The location offers convenient access to shopping, dining, the highway, and other local amenities within the city.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $15.9k $10.20
    − Vacancy −$1.0k −$0.66
    EGI $14.9k $9.54
    − OpEx −$4.5k −$2.86
    NOI $10.4k $6.68
    1,560 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $148.8K
    $130.2K – $173.6K (±1% cap)
    NOI $10,414 @ 7.0% cap · market cap 8.34%
    Second Best
    Apartment 5plus
    $138.6K
    $121.2K – $161.7K (±1% cap)
    NOI $9,699 @ 7.0% cap · market cap 7.77%
    Theoretical Best
    Office A
    $294.4K
    $257.6K – $343.5K (±1% cap)
    NOI $20,607 @ 7.0% cap · market cap 16.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Chillicothe
    County
    Ross
    State
    Ohio
    Longitude
    -82.9533845
    Latitude
    39.3371764

    Nearby Similar for Sale

    • $159,900
      1,496 SF

      High-Traffic Commercial Property on Main

      Versatile commercial building in Chillicothe with high visibility.
      945 E Main Street, Chillicothe, OH 45601
      View Details
    • $550,000
      5,244 SF

      Main Street Investment Opportunity

      High-visibility commercial building with established tenants in a prime location.
      946-954 E Main Street, Chillicothe, OH 45601
      View Details
    • $569,000
      2,400 SF

      Equestrian Estate Near Chillicothe

      11.8-acre mini equestrian estate with barn and fencing.
      141 Delano Rd., Chillicothe, OH 45601
      View Details
    • $214,900
      2,200 SF

      Downtown Chillicothe Mixed-Use Building

      Versatile building in historic downtown Chillicothe with retail and residential/office potential.
      13 W 2ND ST, Chillicothe, OH 45602
      View Details
    • $650,000
      4,832 SF

      Renovated Mixed-Use Building For Sale

      Renovated mixed-use building with high visibility and ample parking.
      7 Saint Andrews Blvd, Chillicothe, OH 45601
      View Details
    • $124,900

      Chillicothe Duplex For Sale

      Duplex with two units, carport, conveniently located near amenities.
      24 Leggett Avenue, Chillicothe, OH 45601
      View Details
    • $214,900
      2,200 SF

      Downtown Chillicothe Mixed-Use Investment

      Versatile building in historic Union Block with retail and residential potential.
      11 W 2ND ST, Chillicothe, OH 45601
      View Details
    • $2,020,000
      5,424 SF

      Tim Hortons | White Castle Lease

      Ground lease investment with long-term tenants in prime location.
      1000-1020 N Bridge St, Chillicothe, OH 45601
      View Details
    • $369,000
      2,020 SF

      Established Tire Business For Sale

      Well-respected tire business on a highly visible corner lot.
      394 N High St, Chillicothe, OH
      View Details
    • $3,100

      Retail Space on Bridge Street

      NNN lease opportunity in Chillicothe, with high visibility.
      27 Bridge Street, Chillicothe, OH 45601
      View Details
    • $134,900

      Chillicothe Duplex For Sale

      Duplex with two units, carport, convenient location.
      24 Leggett Avenue, Chillicothe, OH 45601
      View Details
    • $2,552,631
      2,325 SF

      New Chipotle with Drive-Thru

      New Chipotle with drive-thru in growing Ross County.
      6 St Andrews Blvd, Chillicothe, OH
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with two units, carport, close to amenities.
    Where is this duplex located?
    The property is located at 24 Leggett Avenue Chillicothe, OH.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: Duplex: Ideal for investment property or owner‑occupied rental.; Two spacious units, each with one bedroom and one bathroom.; Carport provides off‑street parking.
    (740) 466-5967
    We can help!
    Listing Contact
    Cathleen A Campbell
    Cathleen A Campbell
    Real Estate License ID: 2005012953
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24 Leggett Avenue, Chillicothe, OH 45601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!