Building Details

Year Built 1997

Buildings 1

Construction ranch

Listing Agency: Ownerland Realty, Inc. (513-600-2512)

Listed By: Tami Holmes · License #2005015284 Show Phone

Source: Tami-holmes

Added: Oct 23 Changed: Oct 27 Last Checked: Oct 26 at 4:03PM

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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 Ownerland Realty, Inc. (513-600-2512)

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Investment Insights

Based on property information with market context.

This duplex sits on 5.9 acres and contains two private residences, each with two bedrooms and one full bathroom. The kitchens have cabinet and counter space, while separate HVAC systems, water heaters, and washer/dryer equipment serve each unit. A shared 43-foot covered, enclosed porch includes a gas fireplace and opens onto a paver patio.

A concrete pad with water service is in place for a future outbuilding, and a new water line has been installed to the home. The property is offered as-is through an estate or trust sale; additional acreage may be available.

Key Highlights

• Two residences, each with 2 bedrooms and 1 full bath
• 43‑foot shared enclosed porch with gas fireplace
• Separate HVAC, water heaters, and washer/dryer for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,996

Cap Rate

6.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,920 $699.9K

Cap Rate 7%

$499,943 $499.9K

Cap Rate 9%

$388,844 $388.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,240 SF

Gross rent

$52.5K $16.20/SF

− Vacancy

−$2.5K −$0.77/SF

EGI

$50.0K $15.43/SF

− OpEx

−$15.0K −$4.63/SF

NOI

$35.0K $10.80/SF

Area

Clermont County, OH

Vacancy

4.75%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,920

Cap Rate 7%

$499,943

Cap Rate 9%

$388,844

Alternative Uses

Best Use

Multifamily LT 5

$499.9K

$437.5K – $583.3K (±1% cap)

NOI $34,996 @ 7.0% cap · market cap 6.48%

Second Best

Apartment 5plus

$435.3K

$380.9K – $507.9K (±1% cap)

NOI $30,472 @ 7.0% cap · market cap 5.64%

Theoretical Best

Office A

$580.9K

$508.3K – $677.7K (±1% cap)

NOI $40,661 @ 7.0% cap · market cap 7.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 45122, OH

10,757

Population

4,603

Households

2.3

Avg Household Size

42

Median Age

14%

College-Educated

88%

High-School Grad

42.2 sq mi

ZIP Area

255

Density / Sq Mi

$85,750

Median Household Income

$43,797

Median Earnings

$1,186

Median Rent

$210,200

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 - Both residences have independent HVAC, water heaters, and washer/dryer setups.

Where is this duplex located?

The property is located at 2440 Moler Road Goshen, OH.

What is the asking price?

The asking price for this property is $539,900.

What are key features of this property?

This property features: Two residences, each with 2 bedrooms and 1 full bath; 43‑foot shared enclosed porch with gas fireplace; Separate HVAC, water heaters, and washer/dryer for each unit