Duplex with New
For Sale
$260,000
3701 County Rd E, Swanton, OH 43558
Rural duplex with separate water softeners, an established tenant, and planned flooring and paint updates.
Property Size1,770 SF
Price / SF$146.89
Days on Market84
Property Features for 3701 County Rd E
General Information
Standard status
Active
Size
1,770 SF
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Amenities
ceiling fans
Listing Agency:
Serenity Realty LLC
(419) 887-9006
Listed By:
Skylar Johnson
(419) 508-2358
Source:
Exprealty
Added: Jul 14
Changed: Sep 11
Last Checked: Oct 4 at 1:27PM
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 Serenity Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex is positioned on a rural lot in Swanton, Ohio. The property has a new roof and gutters completed in 2024, along with new ceiling fans throughout the interior. Well water serves both sides, and each unit has its own newly installed water softener.
A tenant has occupied the property since 2023. Prior to the sale, the home is scheduled to receive new flooring and fresh paint, providing additional interior updates for the next owner.
A tenant has occupied the property since 2023. Prior to the sale, the home is scheduled to receive new flooring and fresh paint, providing additional interior updates for the next owner.
Key Highlights
- Duplex on a rural lot in Swanton, Ohio
- New roof and gutters completed in 2024
- Well water with a new water softener for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,162
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,240
$323.2K
Cap Rate 7%
$230,886
$230.9K
Cap Rate 9%
$179,578
$179.6K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$24.0K $13.56/SF
− Vacancy
−$912 −$0.52/SF
EGI
$23.1K $13.04/SF
− OpEx
−$6.9K −$3.91/SF
NOI
$16.2K $9.13/SF
Area
Fulton County, OH
Vacancy
3.80%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,240
Cap Rate 7%
$230,886
Cap Rate 9%
$179,578
Alternative Uses
Best Use
Multifamily LT 5
$230.9K
$202.0K – $269.4K
NOI $16,162 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$213.1K
$186.5K – $248.6K
NOI $14,916 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$294.6K
$257.8K – $343.7K
NOI $20,620 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 43558, OH
13,088
Population
5,703
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
83.3 sq mi
ZIP Area
157
Density / Sq Mi
$74,612
Median Household Income
$40,661
Median Earnings
$925
Median Rent
$185,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Rural duplex with separate water softeners, an established tenant, and planned flooring and paint updates.
Where is this duplex located?
The property is located at 3701 County Rd E Swanton, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex on a rural lot in Swanton, Ohio; New roof and gutters completed in 2024; Well water with a new water softener for each side
