Renovated Duplex with Rear
For Sale
$139,900
2815 S 4th St, Ironton, OH 45638
MULTI-DWELLING FAMILY, Two Story, Ironton, OH
Property Size1,588 SF
Lot Size0.12 Acres
Price / SF$88.10
Days on Market93
Property Features for 2815 S 4th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Deck, Porch
Exterior features
Porch, Deck
Lot features
Level
Directions
Take first Ironton Exit to South 3rd street. Turn Right on Ashtabula. Turn Left on South 4th and property will be on the Right.
Subdivision
30 - Ironton Ohio
Standard status
Active
APN
36-103-1600.000
Size
1,588 SF
Lot size
0.12 Acres
Amenities
rear decks
Building Details
Year built
1925
Floors in Building
2
Building materials
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
BUNCH REAL ESTATE ASSOCIATES
(740) 886-7214
Listed By:
Todd Jenkins
(304) 544-2929
Added: Jul 22
Changed: Oct 21
Last Checked: Oct 22 at 6:06AM
MLS# 184438
Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units, each arranged with 2 bedrooms and 1 full bathroom. The 1,588-square-foot property includes mini-split HVAC systems throughout, rear decks for both units, and a detached two-car garage for storage. Vinyl siding and a metal roof complete the exterior improvements.
Built in 1925, the property occupies 0.12 acres at 2815 S 4th St in Ironton, Ohio. Its configuration provides two separate living spaces within one residential income property, with outdoor deck areas and garage storage included.
Built in 1925, the property occupies 0.12 acres at 2815 S 4th St in Ironton, Ohio. Its configuration provides two separate living spaces within one residential income property, with outdoor deck areas and garage storage included.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit
- 1,588 square feet on 0.12 acres
- Recently renovated with mini‑split HVAC systems throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,601
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,020
$212.0K
Cap Rate 7%
$151,443
$151.4K
Cap Rate 9%
$117,789
$117.8K
Market Conditions
NOI Build-Up for 1,588 SF
Gross rent
$16.2K $10.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$15.1K $9.54/SF
− OpEx
−$4.5K −$2.86/SF
NOI
$10.6K $6.68/SF
Area
Lawrence County, OH
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,020
Cap Rate 7%
$151,443
Cap Rate 9%
$117,789
Alternative Uses
Best Use
Multifamily LT 5
$151.4K
$132.5K – $176.7K
NOI $10,601 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$140.7K
$123.2K – $164.2K
NOI $9,852 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$361.5K
$316.3K – $421.7K
NOI $25,303 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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Business Placement
Demographics for 45638, OH
20,114
Population
9,039
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
90%
High-School Grad
76.9 sq mi
ZIP Area
262
Density / Sq Mi
$49,544
Median Household Income
$34,972
Median Earnings
$782
Median Rent
$118,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units include mini-split HVAC systems, functional layouts, and rear decks for outdoor space.
Where is this duplex located?
The property is located at 2815 S 4th St Ironton, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit; 1,588 square feet on 0.12 acres; Recently renovated with mini‑split HVAC systems throughout
