Duplex with Efficiency
New
For Sale
$175,000
501 W Front Street, Findlay, OH 45840
One residence pairs a two-bedroom layout with dining and nook space, garage access, and a covered front porch.
Property Size1,754 SF
Price / SF$99.77
Days on Market5
Property Features for 501 W Front Street
General Information
Standard status
Active
Size
1,754 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x efficiency
Multifamily Units
2
Amenities
fenced in back yard
covered front porch
garage
Block
Carpet,Linoleum
true
3
Yes
Inside
Public Records
Other
Chain Link,Wood
Level
Public
0.11
50X97
false
Concrete,Gravel,Alley Access,Detached Garage,Driveway
Concrete
Private Entrance
City Street
1
Building Details
Building Size
1,754 SF
Year Built
1910
Stories
3
Listing Agency:
Coldwell Banker Flag City
(419) 306-6427
Listed By:
Karen Brannan
(419) 434-1373
Source:
Koehlerrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:47PM
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 Flag City
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Investment Insights
Based on property information with market context.
This 1,754-square-foot duplex has a two-bedroom unit and a separate efficiency apartment. The larger unit includes a dining room and nook, with access to a detached garage and a covered front porch. A fenced backyard serves the property.
The 0.11-acre parcel is at 501 W Front Street in Findlay, Ohio. An elevation certificate and LOMA letter have removed the property from the 100-year floodplain.
The 0.11-acre parcel is at 501 W Front Street in Findlay, Ohio. An elevation certificate and LOMA letter have removed the property from the 100-year floodplain.
Key Highlights
- Two‑unit duplex with a two‑bedroom residence and a separate efficiency apartment
- 1,754 square feet on a 0.11‑acre parcel
- Larger unit includes a dining room and nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,081
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,620
$321.6K
Cap Rate 7%
$229,729
$229.7K
Cap Rate 9%
$178,678
$178.7K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$30.5K $17.40/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$29.2K $16.67/SF
− OpEx
−$13.2K −$7.50/SF
NOI
$16.1K $9.17/SF
Area
Hancock County, OH
Vacancy
4.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,620
Cap Rate 7%
$229,729
Cap Rate 9%
$178,678
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.1K – $300.2K
NOI $18,010 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,081 @ 7.0% cap · market cap 9.19%
Theoretical Best
Specialty Retail
$489.2K
$428.1K – $570.8K
NOI $34,247 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
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Business Placement
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence pairs a two-bedroom layout with dining and nook space, garage access, and a covered front porch.
Where is this duplex located?
The property is located at 501 W Front Street Findlay, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two‑unit duplex with a two‑bedroom residence and a separate efficiency apartment; 1,754 square feet on a 0.11‑acre parcel; Larger unit includes a dining room and nook
