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10-Unit Apartment Building
New
For Sale
$675,000

310 Harrison St, Piqua, OH 45356

The property is a 10-unit rental building in Piqua, Ohio.

Property Size3,896 SF
Days on Market2

Property Features for 310 Harrison St

General Information

Standard status Active
Size 3,896 SF
Property subtype Multifamily

Additional Details

Cap Rate 6.5%
Multifamily Units 10

Amenities

The Work is Behind it
The Income is Signed
The Rents are Already Right
One Line has Never been Billed
Nothing is Built to Compete

Building Details

Building Size 3,896 SF
Buildings 1
Units 10
Listing Agency: Cincinnati Office
Listed By: Jordan Dickman · License #License(s): OH: SAL.2014001272
Source: Marcusmillichap
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:28AM

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.

310 Harrison St is a 10-unit apartment building in Piqua, Ohio. The available property information identifies the building’s apartment configuration; no additional physical features or property details are included.

Key Highlights

  • 10 apartment units
  • Located at 310 Harrison St in Piqua, Ohio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$30,774
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,480 $615.5K
Cap Rate 7%
$439,629 $439.6K
Cap Rate 9%
$341,933 $341.9K
Market Conditions
NOI Build-Up for 3,896 SF
Gross rent
$59.8K $15.36/SF
− Vacancy
−$3.9K −$1.00/SF
EGI
$56.0K $14.36/SF
− OpEx
−$25.2K −$6.46/SF
NOI
$30.8K $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%
$615,480
Cap Rate 7%
$439,629
Cap Rate 9%
$341,933

Alternative Uses

Best Use
Apartment 5plus
$439.6K
$384.7K – $512.9K (±1% cap)
NOI $30,774 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$794.0K
$694.8K – $926.4K (±1% cap)
NOI $55,583 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Pharmacy (Bike/Boat/Book/etc) Store Parking Lot & Garage Carpet & Flooring Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

601
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The property is a 10-unit rental building in Piqua, Ohio.
Where is this apartment building located?
The property is located at 310 Harrison St Piqua, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 10 apartment units; Located at 310 Harrison St in Piqua, Ohio
More about this property
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