Two-Unit Residential Income
320 Pleasant Street Lebanon, OH 45036
320 Pleasant Street, Lebanon, OH, 45036
$275,000
For Sale
$275,000
MULTI_FAMILY - Lebanon, OH
Property Size2,402 SF
Lot Size0.29 Acres
Price / SF$114.49
Days on Market8
Property Features for 320 Pleasant Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 1336306020
- Size
- 2,402 SF
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1870
- Number of units
- 2
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Shingle, Metal
Listing Agency
Keller Williams Advisors
(513) 227-9151
9277 Centre Pointe Dr, Cincinnati, OH
Listed by
John Alley
(513) 766-9200
Added: Jul 10 Checked: Jul 17 at 10:06 am
MLS# 1886400
Listing URL
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential income property features one 2-bedroom unit and one 1-bedroom unit, with a shared common area and shared laundry. The property also includes a detached garage and ample parking.
Located near downtown Lebanon, the home is described as being close to restaurants and shopping, with placement on a quiet street.
The configuration is designed around the two separate living units while maintaining shared common space and laundry facilities.
Located near downtown Lebanon, the home is described as being close to restaurants and shopping, with placement on a quiet street.
The configuration is designed around the two separate living units while maintaining shared common space and laundry facilities.
Key Highlights
- Two‑unit property near downtown Lebanon with one 2‑bed unit and one 1‑bed unit
- Shared common area and shared laundry for both units
- Detached garage plus driveway parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $14.04 |
| − Vacancy | −$2.0k | −$0.84 |
| EGI | $31.7k | $13.20 |
| − OpEx | −$9.5k | −$3.96 |
| NOI | $22.2k | $9.24 |
2,402 SF · lease $14.04/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.4K – $369.8K
NOI $22,190 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$283.4K
$248.0K – $330.7K
NOI $19,841 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$536.5K
$469.5K – $626.0K
NOI $37,557 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property with shared common area and laundry, offering a 2-bedroom and a 1-bedroom layout.
Where is this duplex located?
The property is located at 320 Pleasant Street Lebanon, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit property near downtown Lebanon with one 2‑bed unit and one 1‑bed unit; Shared common area and shared laundry for both units; Detached garage plus driveway parking
