Duplex with Accessory
4494 County Road 15 Marengo, OH 43334
4494 County Road 15, Marengo, OH, 43334
$600,000
For Sale
$600,000
Main home plus separate accessory apartment with private entrance, oversized garage, and a restored electric barn.
Property Size3,504 SF
Price / SF$171.23
Days on Market53
Property Features for 4494 County Road 15
General Information
- Standard status
- Active
- Size
- 3,504 SF
- Property subtype
- Multi-Family / Mixed Use
Building Details
- Year Built
- 1901
Listing agency
Coldwell Banker Realty
(614) 412-4188
Listed by
Craig Buehler · License #2017004218
(614) 412-4188
Source
Compass
Added: May 31 Updated: Jul 21 at 7:29PM Checked: Jul 21 at 7:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex-style residential income property includes a main home and a separate accessory apartment above the garage, supported by a new roof installed in 2026. The main home features 4 bedrooms and 2.5 baths, hardwood floors, a formal dining room, family room, and a spacious eat-in kitchen. A large first-floor flex room offers versatility as a home office, playroom, or potential additional bedroom. A bright four-season room connects the home to an oversized 3.5-car garage.
The separate 1,456 sq ft accessory apartment has a private entrance and includes 3 bedrooms, a full bath, a spacious family room, and an eat-in kitchen with stainless steel appliances. A 3-seasons room leads to a private fenced yard, and a chair lift is included for added accessibility.
Outside, a restored 50' x 60' x 25' barn with electric provides additional space for a workshop, hobby farm, storage, studio, or small business use. The property is set on 4+ acres with open farmland views, located about one mile from Groovy Plants Ranch, and just minutes from shopping, dining, and freeway access.
The separate 1,456 sq ft accessory apartment has a private entrance and includes 3 bedrooms, a full bath, a spacious family room, and an eat-in kitchen with stainless steel appliances. A 3-seasons room leads to a private fenced yard, and a chair lift is included for added accessibility.
Outside, a restored 50' x 60' x 25' barn with electric provides additional space for a workshop, hobby farm, storage, studio, or small business use. The property is set on 4+ acres with open farmland views, located about one mile from Groovy Plants Ranch, and just minutes from shopping, dining, and freeway access.
Key Highlights
- 7‑bedroom, 3.5‑bath home on 4+ acres with rural farmland views
- Main home: 2,048 sq ft with 4 bedrooms, 2.5 baths, hardwood floors, formal dining, family room, and eat‑in kitchen
- Large first‑floor flex room plus a bright four‑season room connected to an oversized 3.5‑car garage
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 | $56.8k | $16.20 |
| − Vacancy | −$3.7k | −$1.05 |
| EGI | $53.1k | $15.15 |
| − OpEx | −$15.9k | −$4.54 |
| NOI | $37.2k | $10.60 |
3,504 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$530.8K
$464.4K – $619.2K
NOI $37,153 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$517.3K
$452.6K – $603.5K
NOI $36,209 @ 7.0% cap · market cap 6.03%
Theoretical Best
Warehouse
$706.2K
$618.0K – $824.0K
NOI $49,437 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Main home plus separate accessory apartment with private entrance, oversized garage, and a restored electric barn.
Where is this duplex located?
The property is located at 4494 County Road 15 Marengo, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 7‑bedroom, 3.5‑bath home on 4+ acres with rural farmland views; Main home: 2,048 sq ft with 4 bedrooms, 2.5 baths, hardwood floors, formal dining, family room, and eat‑in kitchen; Large first‑floor flex room plus a bright four‑season room connected to an oversized 3.5‑car garage
