Duplex with Separate
For Sale
$299,900
Pending
5 Laurel Avenue, Milford, OH 45150
Residential Income, Milford, OH
Property Size1,400 SF
Lot Size0.25 Acres
Days on Market50
Property Features for 5 Laurel Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Window features
Vinyl Frames
Patio and Porch features
Porch
Exterior features
Porch
High school district
Milford Ex Vill SD
Directions
Milford bridge to Mill Street up the hill to corner of Laurel Ave. Both unit may have had fireplaces at one time. Both FP are now covered.
Subdivision
Clermont-C02
Standard status
Pending
APN
21-07-06.-016D
Size
1,400 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water, gas
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1910
Number of units
2
Building materials
Stone, Vinyl Siding
Roof type
Shingle
Buildings
1
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 874-3300
Listed By:
Gregory Hinners
(513) 766-9200
Added: Sep 8
Changed: Oct 24
Last Checked: Oct 27 at 12:06PM
MLS# 1893728
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.
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Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex, built in 1910, includes two separate units with distinct water meters, gas meters, high-efficiency gas furnaces, and water heaters. One side is rented and in good condition, while the other requires TLC. The property also features replacement windows, a replaced shingle roof, stone and vinyl siding, a porch, and a driveway.
Set on a 0.2479-acre lot in Milford, the property is 3 blocks from Main Street in downtown Milford and near a brewery, 20 Brix, a bike trail, and the river. Its existing two-unit configuration and separate utility systems provide a defined framework for renovation and future operation, including possible short-term rental use.
Set on a 0.2479-acre lot in Milford, the property is 3 blocks from Main Street in downtown Milford and near a brewery, 20 Brix, a bike trail, and the river. Its existing two-unit configuration and separate utility systems provide a defined framework for renovation and future operation, including possible short-term rental use.
Key Highlights
- 1,400‑square‑foot duplex on a 0.2479‑acre lot
- One side is rented and in good shape; the other side needs TLC
- Two water meters, two gas meters, and two high‑efficiency gas furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,122
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,440
$302.4K
Cap Rate 7%
$216,029
$216.0K
Cap Rate 9%
$168,022
$168.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$22.7K $16.20/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$21.6K $15.43/SF
− OpEx
−$6.5K −$4.63/SF
NOI
$15.1K $10.80/SF
Area
Clermont County, OH
Vacancy
4.75%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,440
Cap Rate 7%
$216,029
Cap Rate 9%
$168,022
Alternative Uses
Best Use
Multifamily LT 5
$216.0K
$189.0K – $252.0K
NOI $15,122 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$188.1K
$164.6K – $219.5K
NOI $13,167 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$251.0K
$219.6K – $292.8K
NOI $17,569 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 45150, OH
33,735
Population
14,432
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
32.3 sq mi
ZIP Area
1,044
Density / Sq Mi
$91,780
Median Household Income
$51,494
Median Earnings
$1,033
Median Rent
$267,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one rented side and a second side requiring renovation.
Where is this duplex located?
The property is located at 5 Laurel Avenue Milford, 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: 1,400‑square‑foot duplex on a 0.2479‑acre lot; One side is rented and in good shape; the other side needs TLC; Two water meters, two gas meters, and two high‑efficiency gas furnaces
