308-310 Reber Avenue Lancaster, OH 43130
Completely rebuilt duplex featuring modern updates and separate living spaces.
Property Features for 308-310 Reber Avenue
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office DarfusRealEstate andManagement
Listing date Mar 20, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Complete renovation down to the foundation with new electric, plumbing, insulation, drywall, windows, siding, and roof.
- Two separate units offering potential for rental income or multi‑generational living.
- Off‑street parking for both units.
Local Financial Insights For Multifamily LT 5
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 | $24.0k | $15.00 |
| − Vacancy | −$1.7k | −$1.07 |
| EGI | $22.3k | $13.93 |
| − OpEx | −$6.7k | −$4.18 |
| NOI | $15.6k | $9.75 |
