Brick Up-and-Down
For Sale
$154,900
500 E Chillicothe Avenue, Bellefontaine, OH 43311
Multi-Family, Bellefontaine, OH
Property Size1,456 SF
Lot Size0.08 Acres
Price / SF$106.39
Days on Market145
Property Features for 500 E Chillicothe Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multiple
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
None
Basement
Block
Lot features
Residential Lot
Elementary school district
4601 Bellefontaine CSD
Middle school district
4601 Bellefontaine CSD
High school district
4601 Bellefontaine CSD
Directions
Main to Chillicothe to Address
Subdivision
901 Bellefontaine
Standard status
Active
APN
170921303002000
Size
1,456 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Listing Agency:
Zimmerman Realty Ltd.
Listed By:
Kyle Springs · License #2005015645
(937) 592-4896
Added: Jun 13
Changed: Oct 24
Last Checked: Nov 4 at 1:06PM
MLS# 1046381
Copyright © 2026 Western Regional Information System & Technology, 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 1,456-square-foot brick duplex was built in 1920 and is arranged as an upper and lower residence. The lower apartment contains two bedrooms and one bathroom, while the upper apartment provides one bedroom and one bathroom. Both units are supported by forced-air, natural-gas heating, with window-unit cooling available. Updated electric and gas meters serve the property.
The property occupies 0.08 acres at 500 E Chillicothe Avenue in Bellefontaine, Ohio. Public sewer serves the building, and no dedicated parking is listed. Its two-unit configuration provides a straightforward residential income property format with separate living spaces within one structure.
The property occupies 0.08 acres at 500 E Chillicothe Avenue in Bellefontaine, Ohio. Public sewer serves the building, and no dedicated parking is listed. Its two-unit configuration provides a straightforward residential income property format with separate living spaces within one structure.
Key Highlights
- Up‑and‑down duplex with a 2‑bedroom lower unit and 1‑bedroom upper unit
- 1,456 square feet on a 0.08‑acre lot
- Brick construction; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,942
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$98,840
$98.8K
Cap Rate 7%
$70,600
$70.6K
Cap Rate 9%
$54,911
$54.9K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$7.7K $5.28/SF
− Vacancy
−$628 −$0.43/SF
EGI
$7.1K $4.85/SF
− OpEx
−$2.1K −$1.45/SF
NOI
$4.9K $3.39/SF
Area
Logan County, OH
Vacancy
8.17%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$98,840
Cap Rate 7%
$70,600
Cap Rate 9%
$54,911
Alternative Uses
Best Use
Multifamily LT 5
$70.6K
$61.8K – $82.4K
NOI $4,942 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$61.2K
$53.5K – $71.4K
NOI $4,282 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$293.9K
$257.2K – $342.9K
NOI $20,574 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
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 separate units offer a compact residential income property with updated electric and gas metering.
Where is this duplex located?
The property is located at 500 E Chillicothe Avenue Bellefontaine, OH.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Up‑and‑down duplex with a 2‑bedroom lower unit and 1‑bedroom upper unit; 1,456 square feet on a 0.08‑acre lot; Brick construction; built in 1920
