Remodeled Two-Unit
For Sale
$245,000
316 W Lincoln St, Findlay, OH 45840
Each residence offers two bedrooms, one bathroom, and refreshed kitchen finishes.
Property Size2,184 SF
Price / SF$112.18
Days on Market31
Property Features for 316 W Lincoln St
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
The Danberry Co
(567) 301-6158
Listed By:
George Norway
(567) 301-6158
Source:
Exprealty
Added: Jul 22
Changed: Aug 20
Last Checked: Aug 20 at 10:31AM
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 The Danberry Co
Investment Insights
Based on property information with market context.
This 2,184-square-foot duplex contains two separate residences, each arranged with 2 bedrooms and 1 bathroom. Recent work includes new flooring, updated electrical service throughout, kitchen cabinets, and appliances, giving both units a refreshed interior package.
Both sides are currently vacant, providing flexibility for an owner occupant or separate leasing of the units. The property is located at 316 W Lincoln St in downtown Findlay, Ohio.
Both sides are currently vacant, providing flexibility for an owner occupant or separate leasing of the units. The property is located at 316 W Lincoln St in downtown Findlay, Ohio.
Key Highlights
- 2,184‑square‑foot duplex with two separate residences
- Each unit includes 2 bedrooms and 1 bathroom
- New flooring installed throughout
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
$22,426
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
9.15%
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%
$448,520
$448.5K
Cap Rate 7%
$320,371
$320.4K
Cap Rate 9%
$249,178
$249.2K
Market Conditions
NOI Build-Up for 2,184 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
$33.5K $15.36/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$32.0K $14.67/SF
− OpEx
−$9.6K −$4.40/SF
NOI
$22.4K $10.27/SF
Area
Hancock County, OH
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$448,520
Cap Rate 7%
$320,371
Cap Rate 9%
$249,178
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.3K – $373.8K
NOI $22,426 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$286.0K
$250.3K – $333.7K
NOI $20,023 @ 7.0% cap · market cap 8.17%
Theoretical Best
Specialty Retail
$609.2K
$533.0K – $710.7K
NOI $42,643 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
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?
Duplex - Each residence offers two bedrooms, one bathroom, and refreshed kitchen finishes.
Where is this duplex located?
The property is located at 316 W Lincoln St Findlay, OH.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,184‑square‑foot duplex with two separate residences; Each unit includes 2 bedrooms and 1 bathroom; New flooring installed throughout
