Duplex with Updated
New
For Sale
$200,000
2689 Cincinnati Dayton Road, Middletown, OH 45044
Both residences are tenant-occupied, with lease agreements extending into 2027.
Property Size1,560 SF
Price / SF$128.21
Days on Market4
Property Features for 2689 Cincinnati Dayton Road
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1971
Buildings
1
Tenancy
Multi
Listing Agency:
Home Connections (513-212-6964)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Oct 7
Last Checked: Oct 9 at 8:16PM
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 Home Connections (513-212-6964)
Investment Insights
Based on property information with market context.
Built in 1971, this 1,560-square-foot duplex contains two units. One has been updated; the other presents an opportunity for renovation. The property is offered in as-is condition.
Both units are occupied by long-term tenants, and their leases continue into 2027.
Both units are occupied by long-term tenants, and their leases continue into 2027.
Key Highlights
- Two‑unit duplex totaling 1,560 square feet
- One unit has been updated; the second may benefit from renovation
- Both units are occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,214
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,280
$304.3K
Cap Rate 7%
$217,343
$217.3K
Cap Rate 9%
$169,044
$169.0K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$23.4K $15.00/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$21.7K $13.93/SF
− OpEx
−$6.5K −$4.18/SF
NOI
$15.2K $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%
$304,280
Cap Rate 7%
$217,343
Cap Rate 9%
$169,044
Alternative Uses
Best Use
Multifamily LT 5
$217.3K
$190.2K – $253.6K
NOI $15,214 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$200.0K
$175.0K – $233.3K
NOI $14,000 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$308.4K
$269.9K – $359.9K
NOI $21,591 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 45044, OH
56,128
Population
21,645
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
37.8 sq mi
ZIP Area
1,485
Density / Sq Mi
$71,942
Median Household Income
$40,568
Median Earnings
$1,034
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied, with lease agreements extending into 2027.
Where is this duplex located?
The property is located at 2689 Cincinnati Dayton Road Middletown, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,560 square feet; One unit has been updated; the second may benefit from renovation; Both units are occupied by long‑term tenants
