Two-Unit Duplex With Private
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
Days on Market14
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
- Privacy, Wood
- 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 agency
RE/MAX Preferred Group
(513) 874-8373
Listed by
Jennifer Day
(513) 533-4111
Added: Jul 9 Updated: Jul 17 at 5:13AM Checked: Jul 22 at 12:06PM
MLS# 1886105
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.
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
- 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 | $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
NOI $14,190 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,688 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$343.1K
$300.2K – $400.3K
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
FAQs
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
