Duplex with Updated
New
For Sale
$200,000
2689 Cincinnati Dayton Road, Middletown, OH 45044
Residential Income, Middletown, OH
Property Size1,560 SF
Lot Size0.62 Acres
Price / SF$128.21
Days on Market1
Property Features for 2689 Cincinnati Dayton Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Patio, Porch
Exterior features
Patio, Porch
High school district
Middletown City SD
Directions
I75 to Monroe Exit, L on Hamilton Lebanon, R on Cincinnati Dayton
Subdivision
Butler-W19
Standard status
Active
Size
1,560 SF
Lot size
0.62 Acres
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1971
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Pinnacle Group · Keller Williams Realty
Listed By:
Kelli Hurst
(513) 277-0996
Added: Oct 6
Last Checked: Oct 6 at 1:06PM
MLS# 1896281
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.
Investment Insights
Based on property information with market context.
This brick duplex contains 1,560 square feet across two residences on a 0.6183-acre lot. One unit has been updated, while the other presents a separate opportunity for improvements. Both units are occupied by long-term tenants, and leases run into 2027. The property is offered as-is.
Built in 1971, the building has electric baseboard heat and a shingle roof. Exterior features include a patio and porch, with driveway parking.
Built in 1971, the building has electric baseboard heat and a shingle roof. Exterior features include a patio and porch, with driveway parking.
Key Highlights
- 1,560‑square‑foot duplex on a 0.6183‑acre lot
- One unit updated; the second unit may be improved
- Both units occupied by long‑term tenants, with leases extending into 2027
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
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
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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 - Both residences are occupied under leases extending into 2027, with a patio and porch among the exterior features.
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: 1,560‑square‑foot duplex on a 0.6183‑acre lot; One unit updated; the second unit may be improved; Both units occupied by long‑term tenants, with leases extending into 2027
