Turnkey Duplex with Furnished
For Sale
$249,000
Pending
401 N 9th St, Cambridge, OH 43725
Turnkey duplex with two furnished, separately metered units and convenient access near downtown and major interstate routes.
Property Size2,062 SF
Days on Market89
Property Features for 401 N 9th St
General Information
Standard status
Pending
Size
2,062 SF
Property subtype
Residential Income
Additional Details
Gross Income
$33,600
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Carol Goff & Associates
(740) 260-2384
Listed By:
Rebecca D Jeffery · License #2014003128
(740) 260-2384
Source:
Exprealty
Added: May 11
Changed: Jul 31
Last Checked: Aug 7 at 11:42AM
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 Carol Goff & Associates
Investment Insights
Based on property information with market context.
This turnkey duplex at 401 N 9th St, Cambridge, OH includes two furnished units. The units are metered separately, which can simplify utilities management, and the property is set up for occupancy immediately.
The location is described as within walking distance to downtown, minutes from the hospital, and about five minutes from major interstate access. This combination can support tenant demand for convenience and everyday accessibility.
With a total property size of 2,062 SF, the duplex is designed as a straightforward residential income asset with furnished living and separate utility metering. Each unit is separately leased under all-inclusive terms, providing a ready-to-operate setup for an owner or operator seeking a manageable duplex configuration.
The location is described as within walking distance to downtown, minutes from the hospital, and about five minutes from major interstate access. This combination can support tenant demand for convenience and everyday accessibility.
With a total property size of 2,062 SF, the duplex is designed as a straightforward residential income asset with furnished living and separate utility metering. Each unit is separately leased under all-inclusive terms, providing a ready-to-operate setup for an owner or operator seeking a manageable duplex configuration.
Key Highlights
- 2,062 SF duplex at 401 N 9th St, Cambridge, OH
- Two furnished units for immediate occupancy
- Units are metered separately
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,977
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,540
$339.5K
Cap Rate 7%
$242,529
$242.5K
Cap Rate 9%
$188,633
$188.6K
Market Conditions
NOI Build-Up for 2,062 SF
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.
Gross rent
$26.0K $12.60/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$24.3K $11.76/SF
− OpEx
−$7.3K −$3.53/SF
NOI
$17.0K $8.23/SF
Area
Guernsey County, OH
Vacancy
6.65%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$339,540
Cap Rate 7%
$242,529
Cap Rate 9%
$188,633
Alternative Uses
Best Use
Multifamily LT 5
$242.5K
$212.2K – $283.0K
NOI $16,977 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$224.2K
$196.2K – $261.6K
NOI $15,694 @ 7.0% cap · market cap 6.30%
Theoretical Best
Mixed Use
$479.3K
$419.4K – $559.2K
NOI $33,551 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 43725, OH
19,520
Population
9,667
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
124.2 sq mi
ZIP Area
157
Density / Sq Mi
$51,612
Median Household Income
$35,781
Median Earnings
$789
Median Rent
$160,400
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 - Turnkey duplex with two furnished, separately metered units and convenient access near downtown and major interstate routes.
Where is this duplex located?
The property is located at 401 N 9th St Cambridge, OH.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,062 SF duplex at 401 N 9th St, Cambridge, OH; Two furnished units for immediate occupancy; Units are metered separately
