Multifamily Property with Off-Street
For Sale
$119,000
310 S Jefferson Street, Belmont, OH 43718
Older multifamily property with off-street parking, multiple heating systems, and included household appliances.
Property Size1,660 SF
Price / SF$71.69
Days on Market12
Property Features for 310 S Jefferson Street
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$910
Amenities
Baseboard, Forced Air
Dirt Floor, Interior Entry, Partial, Unfinished
Dryer, Range, Refrigerator, Washer
Off Street
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
(740) 565-0766
Listed By:
Paul Bailey
(740) 565-0766
Source:
Evrealestate
Added: Jul 29
Changed: Aug 9
Last Checked: Aug 9 at 6:02AM
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 Paul Bailey
Investment Insights
Based on property information with market context.
This multifamily property at 310 S Jefferson Street in Belmont was built in 1900 and measures 1,660 in stated property size. Interior features include baseboard and forced-air heating, along with a partial, unfinished basement offering a dirt floor and interior entry. The property includes a dryer, range, refrigerator, and washer.
Off-street parking is provided. The property is located in the Village of Belmont, with access from I-70 via Exit 208 and OH-149 South toward Belmont before continuing to S Jefferson Street.
Off-street parking is provided. The property is located in the Village of Belmont, with access from I-70 via Exit 208 and OH-149 South toward Belmont before continuing to S Jefferson Street.
Key Highlights
- Built in 1900
- 1,660 stated property size
- Baseboard and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,660
$197.7K
Cap Rate 7%
$141,186
$141.2K
Cap Rate 9%
$109,811
$109.8K
Market Conditions
NOI Build-Up for 1,660 SF
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.
Gross rent
$19.3K $11.64/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$18.0K $10.83/SF
− OpEx
−$8.1K −$4.87/SF
NOI
$9.9K $5.95/SF
Area
Belmont County, OH
Vacancy
7.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,660
Cap Rate 7%
$141,186
Cap Rate 9%
$109,811
Alternative Uses
Best Use
Multifamily LT 5
$156.6K
$137.0K – $182.7K
NOI $10,963 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$141.2K
$123.5K – $164.7K
NOI $9,883 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$325.4K
$284.7K – $379.7K
NOI $22,779 @ 7.0% cap · market cap 19.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 43718, OH
3,049
Population
1,159
Households
2.6
Avg Household Size
45
Median Age
16%
College-Educated
95%
High-School Grad
57.5 sq mi
ZIP Area
53
Density / Sq Mi
$74,719
Median Household Income
$37,049
Median Earnings
$1,091
Median Rent
$225,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Older multifamily property with off-street parking, multiple heating systems, and included household appliances.
Where is this multifamily property located?
The property is located at 310 S Jefferson Street Belmont, OH.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Built in 1900; 1,660 stated property size; Baseboard and forced‑air heating
