Two-Bedroom
For Sale
$184,900
376-378 Morris Dr, Fairborn, OH 45324
Income-producing duplex with central air and updates completed across both residential units.
Property Size1,584 SF
Price / SF$116.73
Days on Market51
Property Features for 376-378 Morris Dr
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
central air
Building Details
Year Built
1944
Listing Agency:
BHHS Professional Realty
(937) 547-0064
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 14 at 10:39PM
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 BHHS Professional Realty
Investment Insights
Based on property information with market context.
This 1,584-square-foot duplex was built in 1944 and contains two residential units, each configured with two bedrooms and one bathroom. Both sides include central air, with systems updated in 2020. New carpet was installed in both units in 2024, followed by new windows in 2025 and a new roof in 2026.
Both units are currently rented, providing an occupied residential income property in Fairborn. The property is located not far from downtown Fairborn, and showings require 24 hours’ notice to accommodate the tenants.
Both units are currently rented, providing an occupied residential income property in Fairborn. The property is located not far from downtown Fairborn, and showings require 24 hours’ notice to accommodate the tenants.
Key Highlights
- Two‑unit duplex totaling 1,584 square feet
- Each unit offers 2 beds and 1 bath
- Central air in both units, updated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,662
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,240
$293.2K
Cap Rate 7%
$209,457
$209.5K
Cap Rate 9%
$162,911
$162.9K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$21.9K $13.80/SF
− Vacancy
−$914 −$0.58/SF
EGI
$20.9K $13.22/SF
− OpEx
−$6.3K −$3.97/SF
NOI
$14.7K $9.26/SF
Area
Greene County, OH
Vacancy
4.18%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,240
Cap Rate 7%
$209,457
Cap Rate 9%
$162,911
Alternative Uses
Best Use
Multifamily LT 5
$209.5K
$183.3K – $244.4K
NOI $14,662 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$192.7K
$168.7K – $224.9K
NOI $13,492 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office B
$297.8K
$260.6K – $347.5K
NOI $20,848 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with central air and updates completed across both residential units.
Where is this duplex located?
The property is located at 376-378 Morris Dr Fairborn, OH.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,584 square feet; Each unit offers 2 beds and 1 bath; Central air in both units, updated in 2020
