3851 Superior Avenue, Silverton, OH 45236

Building Details

Building Size 2,146 SF More

Year Built 1945 More

Units 2 More

Listing Agency: eXp Realty o***@exprealty.net Show Phone

Listed By: Monika Deroussel · License #BRKA.2019000471 Show Phone

Source: Mileshometeam

Added: Jun 26 Changed: Nov 6 Last Checked: Nov 7 at 7:24AM

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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 eXp Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This duplex contains 2,146 square feet and was built in 1945. The property has undergone a full renovation, with work completed throughout the building.

The property is at 3851 Superior Avenue in Silverton, Ohio. Shopping, restaurants, and entertainment are nearby.

Key Highlights

• Fully renovated throughout
• 2,146 square feet of building area
• Built in 1945

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,248

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$404,960 $405.0K

Cap Rate 7%

$289,257 $289.3K

Cap Rate 9%

$224,978 $225.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,146 SF

Gross rent

$30.6K $14.28/SF

− Vacancy

−$1.7K −$0.80/SF

EGI

$28.9K $13.48/SF

− OpEx

−$8.7K −$4.04/SF

NOI

$20.2K $9.44/SF

Area

Hamilton County, OH

Vacancy

5.61%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$404,960

Cap Rate 7%

$289,257

Cap Rate 9%

$224,978

Alternative Uses

Best Use

Multifamily LT 5

$289.3K

$253.1K – $337.5K (±1% cap)

NOI $20,248 @ 7.0% cap · market cap 4.50%

Second Best

Apartment 5plus

$264.7K

$231.6K – $308.8K (±1% cap)

NOI $18,526 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$384.7K

$336.6K – $448.9K (±1% cap)

NOI $26,931 @ 7.0% cap · market cap 5.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

528

Businesses Nearby

Explore this area Business Placement

Demographics for 45236, OH

24,223

Population

12,385

Households

2

Avg Household Size

41

Median Age

51%

College-Educated

95%

High-School Grad

6.9 sq mi

ZIP Area

3,511

Density / Sq Mi

$81,990

Median Household Income

$49,188

Median Earnings

$1,155

Median Rent

$218,900

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Hamilton County, OH

$131 Jul

$121 Aug

$119 Sep

$118 Oct

Properties on Market for Duplexes in Hamilton County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - The duplex offers 2,146 square feet of residential space across two units.

Where is this duplex located?

The property is located at 3851 Superior Avenue Silverton, OH.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Fully renovated throughout; 2,146 square feet of building area; Built in 1945