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    Four-Unit Multifamily Investment Opportunity Title is generated by Realmo AI

    343 Defiance Road, Saint Marys, OH 45885

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    For Sale
    $349,900

    MULTI_FAMILY - Saint Marys, OH

    Property size:
    3,216 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $108/SF
    Added:
    May 18, 2026
    Days on Market:
    5
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 343 Defiance Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 8, Bathroom 4
    Basement
    Crawl Space
    Standard status
    Active
    APN
    K3205603204
    Size
    3,216 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas, Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Floors in Building
    1
    Number of units
    4
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Krista Hubbell

    Listing agent Krista Hubbell

    Listing office Plus One Professionals 156 E Spring St., St. Marys, OH

    Listing date May 18, 2026

    MLS# 1045732 Listing URL

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Investment opportunity: Two duplexes (four rental units total) being sold together.
    • Immediate income potential: All four units are currently occupied and operating on month‑to‑month leases.
    • Strong rental potential: All units feature 2 bedrooms, 1 bathroom layouts.
    • Approximately 3,216 square feet on nearly .60 acres total.
    • Desirable features: The 1996 duplex includes vinyl siding, gas forced‑air heat, and one‑car garages.
    • Flexibility: Month‑to‑month leases offer future flexibility for the new owner.

    Overview

    This investment opportunity features two duplexes, totaling four rental units, located in St. Marys, Ohio. Situated side-by-side on separate parcels, the package includes one duplex built in 1996 and another built in 1981. All four units have a two-bedroom, one-bathroom layout with rental potential. The combined offering includes approximately 3,216 square feet situated on nearly 0.60 acres total. The 1996-built duplex features vinyl siding, gas forced-air heat, and a one-car garage for each unit. The 1981-built duplex is all electric and includes a carport for each unit. All four units are currently occupied and operating on month-to-month leases, offering immediate income potential with future flexibility. This multi-unit package offers flexibility and long-term potential in a strong rental market. The properties are being sold AS IS and are subject to tenant rights.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $245.0K
    NOI $22,046 @ 9.00% cap · cautious / downside scenario
    Moderate
    $314.9K
    NOI $22,046 @ 7.00% cap · market / base-case scenario
    Aggressive
    $440.9K
    NOI $22,046 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $32.8k $10.20
    − Vacancy −$1.3k −$0.41
    EGI $31.5k $9.79
    − OpEx −$9.4k −$2.94
    NOI $22.0k $6.86
    3,216 SF · lease $10.20/SF/yr · vacancy 3.99% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $314.9K
    $275.6K – $367.4K (±1% cap)
    NOI $22,046 @ 7.0% cap · market cap 6.30%
    Second Best
    Apartment 5plus
    $276.0K
    $241.5K – $322.0K (±1% cap)
    NOI $19,317 @ 7.0% cap · market cap 5.52%
    Theoretical Best
    Office A
    $647.8K
    $566.8K – $755.8K (±1% cap)
    NOI $45,345 @ 7.0% cap · market cap 12.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Marys
    County
    Auglaize
    State
    Ohio
    Longitude
    -84.396826
    Latitude
    40.549836

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    FAQs

    What type of property is this?
    Quadplex - Two duplexes, four units, strong rental potential in St. Marys, OH.
    Where is this quadplex located?
    The property is located at 343 Defiance Road Saint Marys, OH.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Investment opportunity: Two duplexes (four rental units total) being sold together.; Immediate income potential: All four units are currently occupied and operating on month‑to‑month leases.; Strong rental potential: All units feature 2 bedrooms, 1 bathroom layouts.
    (419) 394-7402
    We can help!
    Listing Contact
    Krista Hubbell
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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