511 East 5th Street, Marysville, OH 43040
Two income-producing units with dedicated laundry spaces, a private driveway, and a large detached garage plus backyard.
- Added:
- Mar 12, 2026
- Days on Market:
- 87
- Last Refresh:
- Jun 6 at 5:18 am
Property Features for 511 East 5th Street
General Information
- Standard status
- Active
- Size
- 1,854 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1918
Listing agent Stanleigh Penhorwood License #2026000062 (937) 210-6156
Listing office Bell Hankins Realty Group, LLC (937) 210-6156
Listing date Mar 12, 2026
Source Compass
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 Bell Hankins Realty Group, LLC
HighLights
- Well‑maintained duplex at 511 E 5th St, Marysville, with two rental units (Unit A and Unit B)
- Unit A: 3 bed/1 bath with a full kitchen, separate dining room, spacious living room, and a dedicated laundry room
- Unit B: 1 bed/1 bath with a studio‑style kitchen and living area plus laundry hookups in the closet
- Both units are rented: Unit A for $1,500/month on a month‑to‑month lease; Unit B for $850/month on a yearly lease
- Total reported rental income of $2,350/month
- Detached garage with second‑story storage, additional storage shed, private driveway, and a spacious backyard
Overview
The property includes a large detached garage with a second-story storage area, as well as an additional storage shed, a private driveway, and a spacious backyard. Unit A (3/1) is currently rented on a month-to-month lease for $1,500 per month. Unit B (1/1) is rented on a yearly lease for $850 per month, for total stated rental income of $2,350 per month.
For buyers seeking an owner-occupied or investor-ready income property, this duplex provides two distinct unit layouts with in-unit laundry and separate living spaces. The attached outdoor amenities, including garage storage and backyard space, support practical day-to-day use for tenants and simplify property management considerations.
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 | $30.0k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $28.1k | $15.15 |
| − OpEx | −$8.4k | −$4.54 |
| NOI | $19.7k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Union
- State
- Ohio
- Longitude
- -83.3615859
- Latitude
- 40.2359613
