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    Well-Maintained Duplex with Garage Title is generated by Realmo AI

    4251 Spruce Street, New Boston, OH 45662

    View on Map
    Claim this Listing
    Pending
    $299,900

    MULTI_FAMILY - New Boston, OH

    Property size:
    2,001 SF
    Lot size:
    0.24 Acres
    Added:
    May 29, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 9 at 12:06 pm

    Property Features for 4251 Spruce Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
    Window features
    Vinyl Frames, Double Pane Windows
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Garage Opener, Pantry, Vaulted Ceilings, Wall to Wall Carpet
    Exterior features
    Fenced Yard, Garage Opener, Patio, Paved Drive, Paved Street, Shed
    Fencing
    Fenced
    Standard status
    Pending
    APN
    28-0718.000 & 28-0719.000
    Size
    2,001 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2961

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1999
    Floors in Building
    1
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Roger Goddard
    Roger Goddard

    Listing agent Roger Goddard

    Listing office Goddard Realty Group, LLC 8520 Ohio River Rd Ste C, Wheelersburg, OH

    Listing date May 29, 2026

    MLS# 155542 Listing URL

    Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brick and vinyl duplex built in 1999 with two 2‑bedroom, 2‑bath units
    • Each unit has separate utility connections for added convenience and flexibility
    • Unit A includes a 2‑car attached garage; Unit B includes a 1‑car attached garage
    • Private side patios and a fenced yard with a shed, plus paved drive and paved street access
    • New roof and new gutters installed in 2024
    • Public utilities: public water and public sewer; natural gas heating with central air

    Overview

    This meticulously maintained brick and vinyl duplex presents an exceptional investment opportunity. Each of the two spacious units features 2 bedrooms and 2 full bathrooms, along with separate utility connections. The units offer open-concept living areas with vaulted ceilings that create a bright and airy feel, flowing seamlessly into the kitchens. Unit A includes a 2-car attached garage, while Unit B offers a 1-car attached garage. Private side patios provide space for outdoor entertaining or relaxing. The property features a new roof and new gutters installed in 2024. Unit B has been occupied by the same tenant since February 2020. Situated on a 0.238-acre lot, this 2,001 square foot property is located in New Boston, Ohio. With attractive curb appeal, quality construction, and a desirable layout, this property is ideal for investors or owner occupants alike.

    Local 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 $27.1k $13.56
    − Vacancy −$2.1k −$1.03
    EGI $25.1k $12.53
    − OpEx −$7.5k −$3.76
    NOI $17.5k $8.77
    2,001 SF · lease $13.56/SF/yr · vacancy 7.60% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $250.7K
    $219.4K – $292.5K (±1% cap)
    NOI $17,550 @ 7.0% cap · market cap 5.85%
    Second Best
    Apartment 5plus
    $230.9K
    $202.0K – $269.3K (±1% cap)
    NOI $16,160 @ 7.0% cap · market cap 5.39%
    Theoretical Best
    Office A
    $425.8K
    $372.6K – $496.8K (±1% cap)
    NOI $29,808 @ 7.0% cap · market cap 9.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Boston
    County
    Scioto
    State
    Ohio
    Longitude
    -82.930962
    Latitude
    38.757267

    FAQs

    What type of property is this?
    Duplex - Two spacious units, new roof, great investment opportunity.
    Where is this duplex located?
    The property is located at 4251 Spruce Street New Boston, OH.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Brick and vinyl duplex built in 1999 with two 2‑bedroom, 2‑bath units; Each unit has separate utility connections for added convenience and flexibility; Unit A includes a 2‑car attached garage; Unit B includes a 1‑car attached garage
    More about this property
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