Duplex With Detached
New
For Sale
Under Contract
$245,000
42 W 7th Street, Dresden, OH 43821
ResidentialIncome, Dresden, OH
Property Size3,696 SF
Lot Size0.36 Acres
Price / SF$66.29
Days on Market6
Property Features for 42 W 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 7, Bathroom 3, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 2
Parking features
Garage
Appliances
Range, Refrigerator
Elementary school district
Tri-Valley LSD - 6004
Middle school district
Tri-Valley LSD - 6004
High school district
Tri-Valley LSD - 6004
Directions
Main St Dresden to W. 7th
Standard status
Active Under Contract
APN
33-30-12-07-000
Size
3,696 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT OUT LOT 21 DRESDEN
Tax Annual Amount
2988
Legal Description
PT OUT LOT 21 DRESDEN
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Building materials
ShakeSiding
Roof type
Slate
Listing Agency:
Lepi & Associates
(740) 455-3730
Listed By:
Katrina A Cornell · License #2003013854
(740) 819-7260
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 19 at 1:06AM
MLS# 5244881
Copyright © 2026 MLS Now. 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 3,696-square-foot duplex, built in 1901, includes two residential units with distinct layouts. One side offers four bedrooms, one-and-a-half bathrooms, and first-floor laundry; the other provides three bedrooms, one-and-a-half bathrooms, a basement laundry area, and a full basement. The home features spacious rooms, shake siding, a slate roof, natural gas forced-air heat, central air, public water, and public sewer.
The property at 42 W 7th Street in Dresden, Ohio, occupies 0.36 acres and includes an additional lot. A detached two-car garage and a rear off-street parking pad supplement the available parking. Appliances include a range and refrigerator, while the residential configuration supports use of one unit alongside rental occupancy of the other.
The property at 42 W 7th Street in Dresden, Ohio, occupies 0.36 acres and includes an additional lot. A detached two-car garage and a rear off-street parking pad supplement the available parking. Appliances include a range and refrigerator, while the residential configuration supports use of one unit alongside rental occupancy of the other.
Key Highlights
- 3,696‑square‑foot duplex on 0.36 acres
- One unit has 4 bedrooms, 1.5 baths, and first‑floor laundry
- Second unit has 3 bedrooms, 1.5 baths, basement laundry, and a basement
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
NOI $24,674 @ 7.0% cap · market cap 10.07%
Second Best
Apartment 5plus
$317.7K
$278.0K – $370.7K
NOI $22,242 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$802.2K
$701.9K – $935.9K
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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Open Analytics
Current Use
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include separate laundry setups, a detached garage, and additional rear parking.
Where is this duplex located?
The property is located at 42 W 7th Street 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: 3,696‑square‑foot duplex on 0.36 acres; One unit has 4 bedrooms, 1.5 baths, and first‑floor laundry; Second unit has 3 bedrooms, 1.5 baths, basement laundry, and a basement
