Triplex with Detached
New
For Sale
$349,900
411 E 4th Street, Port Clinton, OH 43452
Multiple Units, Port Clinton, OH
Property Size1,456 SF
Lot Size0.10 Acres
Price / SF$240.32
Days on Market1
Property Features for 411 E 4th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage - Detached
Elementary school district
Port Clinton
Middle school district
Port Clinton
High school district
Port Clinton
Standard status
Active
APN
0211709523057000
Size
1,456 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1922
Building materials
Stucco, Vinyl Siding
Listing Agency:
Weichert, Realtors-Morgan Realty Group
(419) 732-0941
Listed By:
Wendy J Johnson
(419) 341-1416
Added: Sep 15
Last Checked: Sep 15 at 4:06PM
MLS# 20263713
Copyright © 2026 Firelands MLS. 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 1922 triplex combines a primary residence with two additional living spaces. The main home contains 3 bedrooms, 2 full bathrooms, a large kitchen, a bonus room suitable for use as a fourth bedroom, den, or office, and a basement for storage. Separate rear improvements include a 1-bedroom, 1-bath apartment, a studio apartment, two detached 1-car garages, and a storage unit with a half bath and attic storage.
Located at 411 E 4th Street in Port Clinton, the property is near downtown, shopping, dining, schools, and area amenities. Construction includes stucco and vinyl siding, with forced-air heating, public water, and public sewer serving the property. The 0.0976-acre site includes 1,456 square feet of property area.
Located at 411 E 4th Street in Port Clinton, the property is near downtown, shopping, dining, schools, and area amenities. Construction includes stucco and vinyl siding, with forced-air heating, public water, and public sewer serving the property. The 0.0976-acre site includes 1,456 square feet of property area.
Key Highlights
- Three‑unit configuration with a 3‑bedroom main home, 1‑bedroom apartment, and studio apartment
- Main residence includes 3 bedrooms, 2 full baths, bonus room, and basement storage
- Two separate detached 1‑car garages
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
$13,151
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
3.76%
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%
$263,020
$263.0K
Cap Rate 7%
$187,871
$187.9K
Cap Rate 9%
$146,122
$146.1K
Market Conditions
NOI Build-Up for 1,456 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
$20.1K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$18.8K $12.90/SF
− OpEx
−$5.6K −$3.87/SF
NOI
$13.2K $9.03/SF
Area
Ottawa County, OH
Vacancy
6.50%
Lease Rate
$13.80 /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%
$263,020
Cap Rate 7%
$187,871
Cap Rate 9%
$146,122
Alternative Uses
Best Use
Multifamily LT 5
$187.9K
$164.4K – $219.2K
NOI $13,151 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,169 @ 7.0% cap · market cap 3.48%
Theoretical Best
Retail
$518.9K
$454.0K – $605.4K
NOI $36,322 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 43452, OH
13,443
Population
10,859
Households
1.2
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
46.2 sq mi
ZIP Area
291
Density / Sq Mi
$63,815
Median Household Income
$43,782
Median Earnings
$937
Median Rent
$206,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Three living spaces, detached garages, storage, and public utilities create a flexible residential income property.
Where is this triplex located?
The property is located at 411 E 4th Street Port Clinton, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three‑unit configuration with a 3‑bedroom main home, 1‑bedroom apartment, and studio apartment; Main residence includes 3 bedrooms, 2 full baths, bonus room, and basement storage; Two separate detached 1‑car garages
