17-Unit Multifamily
New
For Sale
$1,700,000
301 E Main St, Piqua, OH 45356
Residential assets are distributed between Piqua and Troy, Ohio, under separate deeds.
Property Size19,459 SF
Days on Market2
Property Features for 301 E Main St
General Information
Standard status
Active
Size
19,459 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
17
Amenities
$323,388 of Capital is Already Spent
The Income is Contracted Past a Closing
The Units that took Capital Hold the Highest Rents
$29,415 a Year Arrives on a known Schedule
Ten Deeds, and 10 Ways Out
Building Details
Building Size
19,459 SF
Units
17
Listing Agency:
Cincinnati Office
Listed By:
Jordan Dickman · License #License(s): OH: SAL.2014001272
(513) 878-7735
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:24AM
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 Cincinnati Office
Investment Insights
Based on property information with market context.
This multifamily portfolio comprises 17 residential units held across 10 separate deeds. The properties are located in Piqua and Troy, Ohio, with a listed address at 301 E Main St in Piqua.
Key Highlights
- 17 residential units across 10 separate deeds
- Portfolio properties in Piqua and Troy, Ohio
- Listed address: 301 E Main St, Piqua, OH 45356
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,704
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,074,080
$3.1M
Cap Rate 7%
$2,195,771
$2.2M
Cap Rate 9%
$1,707,822
$1.7M
Market Conditions
NOI Build-Up for 19,459 SF
Gross rent
$298.9K $15.36/SF
− Vacancy
−$19.4K −$1.00/SF
EGI
$279.5K $14.36/SF
− OpEx
−$125.8K −$6.46/SF
NOI
$153.7K $7.90/SF
Area
Miami County, OH
Vacancy
6.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,074,080
Cap Rate 7%
$2,195,771
Cap Rate 9%
$1,707,822
Alternative Uses
Best Use
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,704 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,613 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 45356, OH
25,106
Population
11,353
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
75.5 sq mi
ZIP Area
333
Density / Sq Mi
$66,134
Median Household Income
$38,323
Median Earnings
$900
Median Rent
$144,500
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?
Multifamily property - Residential assets are distributed between Piqua and Troy, Ohio, under separate deeds.
Where is this multifamily property located?
The property is located at 301 E Main St Piqua, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 17 residential units across 10 separate deeds; Portfolio properties in Piqua and Troy, Ohio; Listed address: 301 E Main St, Piqua, OH 45356
