Renovated Duplex with Private
New
For Sale
$264,990
412 N Wayne Avenue, Lockland, OH 45215
MULTI_FAMILY - Lockland, OH
Property Size1,776 SF
Lot Size0.11 Acres
Price / SF$149.21
Days on Market3
Property Features for 412 N Wayne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
High school district
Lockland City SD
Directions
Wyoming Ave to N Wayne
Subdivision
Hamilton-E03
Standard status
Active
APN
641-0005-0022-00
Size
1,776 SF
Lot size
0.11 Acres
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Amenities
private backyard
washer/dryer hookups
walk-in closets
Building Details
Year built
1941
Number of units
2
Building materials
Aluminum Siding, Vinyl Siding
Roof type
Shingle
Listing Agency:
Real of Ohio
(330) 807-1303
Listed By:
Victor Pham
(440) 391-1650
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 5 at 11:06PM
MLS# 1889257
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 1,776-square-foot duplex includes two separately metered units with no common electric. Recent improvements include a new roof, HVAC systems, plumbing, electrical work, oversized windows, and updated interior finishes. Electric heat pumps provide central heating and cooling, and each unit has washer and dryer hookups. The layout also includes walk-in closets and substantial storage. A private backyard is accessible from the lower unit.
Built in 1941 on 0.114 acres, the property has aluminum and vinyl siding, a shingle roof, and on-street parking. The duplex is located at 412 N Wayne Avenue in Lockland, Ohio, within ZIP Code 45215. Its two-unit configuration supports continued rental use or an owner-occupant arrangement, subject to the owner's intended use.
Built in 1941 on 0.114 acres, the property has aluminum and vinyl siding, a shingle roof, and on-street parking. The duplex is located at 412 N Wayne Avenue in Lockland, Ohio, within ZIP Code 45215. Its two-unit configuration supports continued rental use or an owner-occupant arrangement, subject to the owner's intended use.
Key Highlights
- Two‑unit duplex measuring 1,776 square feet
- 0.114‑acre parcel at 412 N Wayne Avenue, Lockland, OH 45215
- New roof, HVAC systems, plumbing, electrical work, and oversized windows
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $12.72 |
| − Vacancy | −$1.3k | −$0.75 |
| EGI | $21.3k | $11.97 |
| − OpEx | −$6.4k | −$3.59 |
| NOI | $14.9k | $8.38 |
1,776 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.6K
$186.0K – $248.0K
NOI $14,881 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K
NOI $13,195 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$384.2K
$336.2K – $448.2K
NOI $26,893 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 45215, OH
30,993
Population
13,735
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
2,583
Density / Sq Mi
$71,949
Median Household Income
$45,976
Median Earnings
$954
Median Rent
$200,100
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 - Two separately metered units feature updated systems, bright interiors, storage, and laundry hookups.
Where is this duplex located?
The property is located at 412 N Wayne Avenue Lockland, OH.
What is the asking price?
The asking price for this property is $264,990.
What are key features of this property?
This property features: Two‑unit duplex measuring 1,776 square feet; 0.114‑acre parcel at 412 N Wayne Avenue, Lockland, OH 45215; New roof, HVAC systems, plumbing, electrical work, and oversized windows
