Multifamily Portfolio in Southwest
27-29 N Sycamore St Lebanon, OH 45036
27-29 N Sycamore St, Lebanon, OH, 45036
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For Sale
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Seven units across three assets with value-add potential.
Property Size8,600 SF
Price / SF$104.65
Days on Market53
Property Features for 27-29 N Sycamore St
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Property subtype
- Multifamily
Listing Agency
Verti Commercial Real Estate
Listed by
Drew Collins · License #IN
Source
Crexi
Added: May 26 Checked: Jul 16 at 9:18 am
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 Verti Commercial Real Estate
Investment Insights
Based on property information with market context.
The Lebanon + Hamilton Portfolio is a 7-unit scattered-site multifamily offering totaling 8,600 SF across three assets in southwest Ohio. This portfolio presents a value-add opportunity with existing income, large unit sizes, and potential for rent increases. The current average rent is $1,094. Select units are achieving higher rents within the portfolio, including $1,600 at Yale, $1,333 at Sycamore, and $1,150 at Ross. The business plan involves maintaining occupancy, improving management, completing selective renovations as units become vacant, and gradually increasing rents to align with proven portfolio levels. Rent variance across the portfolio offers a clear path for net operating income growth through lease rollover and rent adjustments.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
Local Financial Insights For Apartment 5plus
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 | $137.3k | $15.96 |
| − Vacancy | −$8.1k | −$0.94 |
| EGI | $129.2k | $15.02 |
| − OpEx | −$58.1k | −$6.76 |
| NOI | $71.0k | $8.26 |
8,600 SF · lease $15.96/SF/yr · vacancy 5.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$888.0K – $1.18M
NOI $71,037 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,465 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Seven units across three assets with value-add potential.
Where is this multifamily property located?
The property is located at 27-29 N Sycamore St Lebanon, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
