6-Unit Apartment
For Sale
$329,900
312 W Grant Ave, Georgetown, OH 45121
Tenant-occupied multifamily property near shopping, dining, and everyday amenities, with residents responsible for utilities.
Property Size4,981 SF
Price / SF$66.23
Days on Market68
Property Features for 312 W Grant Ave
General Information
Standard status
Active
Size
4,981 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1898
Listing Agency:
Ragan McKinney Real Estate
Listed By:
Ragan McKinney · License #0000160440
(937) 515-8400
Source:
Lovdalgroup
Added: Aug 9
Changed: Sep 14
Last Checked: Oct 7 at 5:30PM
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 Ragan McKinney Real Estate
Investment Insights
Based on property information with market context.
This 6-unit apartment property contains 4,981 square feet and was built in 1898. All units are currently occupied by tenants, providing an established residential income configuration. Residents pay their own utilities under the existing arrangement.
The property is located at 312 W Grant Ave in Georgetown, Ohio, near local shopping, dining, and everyday amenities. Its six-unit layout and current occupancy provide a straightforward multifamily asset for an investor seeking an existing rental property.
The property is located at 312 W Grant Ave in Georgetown, Ohio, near local shopping, dining, and everyday amenities. Its six-unit layout and current occupancy provide a straightforward multifamily asset for an investor seeking an existing rental property.
Key Highlights
- Six‑unit multifamily property with all units tenant‑occupied
- 4,981 square feet of apartment space
- Tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,484
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,680
$409.7K
Cap Rate 7%
$292,629
$292.6K
Cap Rate 9%
$227,600
$227.6K
Market Conditions
NOI Build-Up for 4,981 SF
Gross rent
$40.0K $8.04/SF
− Vacancy
−$2.8K −$0.56/SF
EGI
$37.2K $7.48/SF
− OpEx
−$16.8K −$3.36/SF
NOI
$20.5K $4.11/SF
Area
Brown County, OH
Vacancy
7.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,680
Cap Rate 7%
$292,629
Cap Rate 9%
$227,600
Alternative Uses
Best Use
Apartment 5plus
$292.6K
$256.1K – $341.4K
NOI $20,484 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$984.8K
$861.7K – $1.15M
NOI $68,939 @ 7.0% cap · market cap 20.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 45121, OH
8,927
Population
4,243
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
86%
High-School Grad
106.8 sq mi
ZIP Area
84
Density / Sq Mi
$57,274
Median Household Income
$34,907
Median Earnings
$680
Median Rent
$150,800
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?
Apartment building - Tenant-occupied multifamily property near shopping, dining, and everyday amenities, with residents responsible for utilities.
Where is this apartment building located?
The property is located at 312 W Grant Ave Georgetown, OH.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Six‑unit multifamily property with all units tenant‑occupied; 4,981 square feet of apartment space; Tenants pay all utilities
