Duplex With Private
New
For Sale
$224,900
408 Blair Avenue, Georgetown, OH 45121
Residential Income, Georgetown, OH
Property Size1,792 SF
Lot Size0.11 Acres
Price / SF$125.50
Days on Market6
Property Features for 408 Blair Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Window features
Vinyl Frames
Patio and Porch features
Porch, Deck
Exterior features
Deck, Porch, Covered Deck
High school district
Georgetown Ex Vill S
Directions
US 68S/N High St to rt Mt Orab Pike to lft Apple St to lft on Blair Ave. to end of street on rt
Subdivision
Brown-E11
Standard status
Active
APN
33-066252.0100
Size
1,792 SF
Lot size
0.11 Acres
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Amenities
in-unit laundry
back covered deck
kitchen pantries
extra large utility closet
eat-in kitchen
Building Details
Year built
1969
Number of units
2
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Metal
Listing Agency:
ERA REAL Solutions Realty, LLC · ERA Real Estate
(513) 873-6116
Listed By:
Tammy Brown
(513) 283-4299
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 11 at 11:06AM
MLS# 1896508
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 1,792-square-foot duplex, built in 1969, contains two residences with more than 900 square feet per unit. Each has two bedrooms, one full bathroom, an eat-in kitchen, in-unit laundry, pantry storage, and an extra-large utility closet. A 9 x 23 garage serves each unit, and the property also has a covered rear deck. Updated mechanical systems are in place.
The property occupies a 0.11-acre lot in Georgetown, Ohio. Off-street parking, a porch, and deck are among the exterior features.
The property occupies a 0.11-acre lot in Georgetown, Ohio. Off-street parking, a porch, and deck are among the exterior features.
Key Highlights
- Two units, each with more than 900 square feet
- Each residence has 2 bedrooms and 1 full bathroom
- Separate 9 x 23 garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,937
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,740
$158.7K
Cap Rate 7%
$113,386
$113.4K
Cap Rate 9%
$88,189
$88.2K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$12.3K $6.84/SF
− Vacancy
−$919 −$0.51/SF
EGI
$11.3K $6.33/SF
− OpEx
−$3.4K −$1.90/SF
NOI
$7.9K $4.43/SF
Area
Brown County, OH
Vacancy
7.50%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,740
Cap Rate 7%
$113,386
Cap Rate 9%
$88,189
Alternative Uses
Best Use
Multifamily LT 5
$113.4K
$99.2K – $132.3K
NOI $7,937 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$105.3K
$92.1K – $122.8K
NOI $7,370 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$354.3K
$310.0K – $413.4K
NOI $24,802 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
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Business Placement
Demographics for 45121, OH
8,927
Population
4,243
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
86%
High-School Grad
106.8 sq mi
ZIP Area
84
Density / Sq Mi
$57,274
Median Household Income
$34,907
Median Earnings
$680
Median Rent
$150,800
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?
Duplex - Both residences include in-unit laundry, covered outdoor space, and updated mechanical systems.
Where is this duplex located?
The property is located at 408 Blair Avenue Georgetown, OH.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two units, each with more than 900 square feet; Each residence has 2 bedrooms and 1 full bathroom; Separate 9 x 23 garage for each unit
