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Two-Unit Duplex With Private Entrances

374 S Main Street South Lebanon, OH 45065

374 S Main Street, South Lebanon, OH, 45065

$275,000

For Sale

$275,000

MULTI_FAMILY - South Lebanon, OH

Property Size1,536 SF

Lot Size0.15 Acres

Price / SF$179.04

AddedJul 9

Days on Market8

Last RefreshJul 16 at 3:06 am

Property Features for 374 S Main Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Driveway
Window features: Vinyl Frames
Exterior features: Wood Fence, Privacy Fence
Fencing: Wood, Privacy
Standard status: Active
APN: 12-01-426-017
Size: 1,536 SF
Lot size: 0.15 Acres

Utilities

Heating system: Natural Gas

Building Details

Year built: 1990
Number of units: 1
Building materials: Vinyl Siding
Roof type: Shingle

Listing agent Jennifer Day

Listing office RE/MAX Preferred Group 9032 Union Centre Blvd Ste 100, West Chester, OH

Listing date Jul 9, 2026

MLS# 1886105 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 duplex features two 2-bedroom, 1-bath units, each with a private entrance. The first-floor unit has been updated with fresh paint, new flooring, and a bright white kitchen with a new dishwasher. Central air is being added to the second-floor unit in July, along with a dishwasher. Both units include washer/dryer hookups, driveway parking, and access to a fenced yard, with residents paying all utilities.

The property is located at 374 S Main Street in South Lebanon, OH, with Rogers Park across the street and the Little Miami River nearby. The area is also described as close to shopping and restaurants, and Kings Island is noted as approximately 5 miles away.

With a total size of 1,536 square feet and a lot size of 0.1549 acres, the property offers a straightforward two-unit configuration designed for low-maintenance rental use.

Key Highlights

Duplex built in 1990 with vinyl siding and shingle roof
Two units: each is a 2‑bedroom, 1‑bath layout with a private entrance
First‑floor updates include fresh paint, new flooring, a new dishwasher, and new central air

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$21.6k	$14.04
− Vacancy	−$1.3k	−$0.84
EGI	$20.3k	$13.20
− OpEx	−$6.1k	−$3.96
NOI	$14.2k	$9.24

1,536 SF · lease $14.04/SF/yr · vacancy 6.00% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$202.7K

$177.4K – $236.5K (±1% cap)

NOI $14,190 @ 7.0% cap · market cap 5.16%

Second Best

Apartment 5plus

$181.3K

$158.6K – $211.5K (±1% cap)

NOI $12,688 @ 7.0% cap · market cap 4.61%

Theoretical Best

Office A

$343.1K

$300.2K – $400.3K (±1% cap)

NOI $24,016 @ 7.0% cap · market cap 8.73%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

For sale
Duplexes
OH
South Lebanon
45065
374 S Main Street

What type of property is this?

Duplex - Duplex with two 2-bedroom, 1-bath units, each with private entrance, washer/dryer hookups, driveway parking, and fenced yard.

Where is this duplex located?

The property is located at 374 S Main Street South 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: Duplex built in 1990 with vinyl siding and shingle roof; Two units: each is a 2‑bedroom, 1‑bath layout with a private entrance; First‑floor updates include fresh paint, new flooring, a new dishwasher, and new central air