Listing Agency: Lepi & Associates b***@lepirealestate.com Show Phone

Listed By: Katrina A Cornell · License #2003013854 Show Phone

Source: Exprealty

Added: Sep 15 Changed: Sep 21 Last Checked: Sep 22 at 7:02PM

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Investment Insights

Based on property information with market context.

This duplex includes two residential units with distinct bedroom and laundry configurations. The right-side unit has 4 bedrooms, 1.5 bathrooms, and laundry on the first floor. The other unit provides 3 bedrooms, 1.5 bathrooms, and basement laundry. The property also includes an additional lot, a detached 2-car garage, and a rear parking pad.

Located at 42 W 7th St in Dresden, Ohio, the property combines two units with added outdoor and storage-related improvements. The larger rooms and reported maintenance condition provide additional physical characteristics for evaluating the building.

Key Highlights

• Two‑unit duplex with 4‑bedroom and 3‑bedroom layouts
• Right‑side unit includes 1.5 bathrooms and first‑floor laundry
• Second unit offers 1.5 bathrooms and basement laundry

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

$22,242

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

9.08%

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%

$444,840 $444.8K

Cap Rate 7%

$317,743 $317.7K

Cap Rate 9%

$247,133 $247.1K

Market Conditions

NOI Build-Up for 3,696 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

$43.0K $11.64/SF

− Vacancy

−$2.6K −$0.70/SF

EGI

$40.4K $10.94/SF

− OpEx

−$18.2K −$4.92/SF

NOI

$22.2K $6.02/SF

Area

Muskingum County, OH

Vacancy

6.00%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

45.00%

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%

$444,840

Cap Rate 7%

$317,743

Cap Rate 9%

$247,133

Alternative Uses

Best Use

Multifamily LT 5

$352.5K

$308.4K – $411.2K (±1% cap)

NOI $24,674 @ 7.0% cap · market cap 10.07%

Second Best

Apartment 5plus

$317.7K

$278.0K – $370.7K (±1% cap)

NOI $22,242 @ 7.0% cap · market cap 9.08%

Theoretical Best

Office A

$802.2K

$701.9K – $935.9K (±1% cap)

NOI $56,153 @ 7.0% cap · market cap 22.92%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Auto Parts Store Furniture & Home Goods Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

202

Businesses Nearby

Explore this area Business Placement

Demographics for 43821, OH

4,557

Population

1,836

Households

2.5

Avg Household Size

39

Median Age

18%

College-Educated

91%

High-School Grad

81.1 sq mi

ZIP Area

56

Density / Sq Mi

$70,781

Median Household Income

$40,126

Median Earnings

$928

Median Rent

$166,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer separate laundry arrangements, an extra lot, and rear off-street parking.

Where is this duplex located?

The property is located at 42 W 7th St Dresden, OH.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: Two‑unit duplex with 4‑bedroom and 3‑bedroom layouts; Right‑side unit includes 1.5 bathrooms and first‑floor laundry; Second unit offers 1.5 bathrooms and basement laundry