Two-Unit Duplex with Detached
319-31 S Arch Street, Fremont, OH 43420
For Sale
$179,900
Pending
Two similar apartments feature separate utilities, basement laundry areas, and dedicated interior entrances.
Property Size2,368 SF
Days on Market13
Property Features for 319-31 S Arch Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
decorative fireplaces
leaded glass cabinets
enclosed front and rear porch
balcony
washers and dryers
central air
Full,Interior Entry
Carpet,Vinyl
true
2
Yes
4
Window Coverings
In Basement
Other
Level
Public
0.12
40X132
false
Off Street,On Street,Paved,Detached Garage,Driveway,Garage Door Opener
Balcony,Private Entrance
Block
1
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Century 21 Bolte Real Estate
(419) 355-5086
Listed By:
Cynthia Gabel
(419) 797-6007
Source:
Koehlerrealty
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 6 at 8:41AM
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 Century 21 Bolte Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two largely matching apartments, each with a living room and decorative fireplace, a dining room with leaded-glass cabinets, a kitchen with appliances, two bedrooms, and one bathroom. Central air serves both units. The lower apartment includes enclosed front and rear porches, while the upper apartment has a balcony. Separate interior basement entries lead to secured areas with washers and dryers. A detached 20' x 18' garage with an opener is used for storage, and the property also has a covered carport.
The building is at 319-31 S Arch Street in Fremont, near the downtown area. Utilities are separately metered and paid by tenants. The upper apartment has a long-term tenant; the property is also described as suitable for occupancy in one unit while renting the other, or leasing both apartments.
The building is at 319-31 S Arch Street in Fremont, near the downtown area. Utilities are separately metered and paid by tenants. The upper apartment has a long-term tenant; the property is also described as suitable for occupancy in one unit while renting the other, or leasing both apartments.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 2,368‑square‑foot duplex built in 1915
- Both units have central air and separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,738
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,760
$314.8K
Cap Rate 7%
$224,829
$224.8K
Cap Rate 9%
$174,867
$174.9K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$30.1K $12.72/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$28.6K $12.08/SF
− OpEx
−$12.9K −$5.44/SF
NOI
$15.7K $6.65/SF
Area
Sandusky County, OH
Vacancy
5.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,760
Cap Rate 7%
$224,829
Cap Rate 9%
$174,867
Alternative Uses
Best Use
Multifamily LT 5
$257.1K
$225.0K – $300.0K
NOI $17,999 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$224.8K
$196.7K – $262.3K
NOI $15,738 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$446.9K
$391.0K – $521.3K
NOI $31,280 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 43420, OH
29,332
Population
13,876
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
94%
High-School Grad
136.3 sq mi
ZIP Area
215
Density / Sq Mi
$62,802
Median Household Income
$39,779
Median Earnings
$824
Median Rent
$142,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two similar apartments feature separate utilities, basement laundry areas, and dedicated interior entrances.
Where is this duplex located?
The property is located at 319-31 S Arch Street Fremont, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 2,368‑square‑foot duplex built in 1915; Both units have central air and separate utilities
