Three-Unit Apartment
For Sale
$210,000
4 S Main St, Franklin, OH 45005
The property offers varied layouts, including a studio, one-bedroom residence, and upper-level three-bedroom home.
Property Size2,300 SF
Price / SF$91.30
Days on Market148
Property Features for 4 S Main St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
presented in its current condition, inviting buyers to envision and implement their personalized updates.
Units
Unit Mix
1 x studio, 1 x 1BR + flex, 1 x 3BR
Multifamily Units
3
Amenities
220-volt wiring
Building Details
Year Built
1920
Buildings
1
Listing Agency:
First Realty Group
Listed By:
Rodney K Litteral (937) 435-5000
(937) 435-5000
Source:
Daytonhomesearcher
Added: May 12
Changed: Oct 1
Last Checked: Oct 5 at 7:03PM
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 First Realty Group
Investment Insights
Based on property information with market context.
This triplex contains three separate residences totaling 2,300 square feet. The unit mix includes a studio, a one-bedroom apartment with an additional room that may function as a second bedroom, and a three-bedroom residence located on the upper level. The building also has 220-volt wiring and is being offered in its current condition, allowing the next owner to undertake updates according to their plans.
The property is located at 4 S Main St in Franklin, OH. Its combination of distinct unit layouts and residential scale provides a straightforward configuration for continued multifamily use.
The property is located at 4 S Main St in Franklin, OH. Its combination of distinct unit layouts and residential scale provides a straightforward configuration for continued multifamily use.
Key Highlights
- Three separate residential units within a triplex
- 2,300 square feet of total living area
- Unit mix includes a studio, one‑bedroom apartment, and upper‑level three‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,998
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,960
$380.0K
Cap Rate 7%
$271,400
$271.4K
Cap Rate 9%
$211,089
$211.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$36.7K $15.96/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$34.5K $15.02/SF
− OpEx
−$15.5K −$6.76/SF
NOI
$19.0K $8.26/SF
Area
Warren County, OH
Vacancy
5.90%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,960
Cap Rate 7%
$271,400
Cap Rate 9%
$211,089
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,248 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$271.4K
$237.5K – $316.6K
NOI $18,998 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$513.7K
$449.5K – $599.4K
NOI $35,962 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 45005, OH
31,577
Population
13,458
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
36.6 sq mi
ZIP Area
863
Density / Sq Mi
$74,239
Median Household Income
$44,082
Median Earnings
$1,005
Median Rent
$201,200
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?
Triplex - The property offers varied layouts, including a studio, one-bedroom residence, and upper-level three-bedroom home.
Where is this triplex located?
The property is located at 4 S Main St Franklin, OH.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Three separate residential units within a triplex; 2,300 square feet of total living area; Unit mix includes a studio, one‑bedroom apartment, and upper‑level three‑bedroom residence
