Two-Story Duplex with Detached
For Sale
$150,000
516 Boal Ave, Piqua, OH 45356
Duplex offering front porch space, upper-level exterior access, and a detached garage.
Property Size1,376 SF
Price / SF$109.01
Days on Market116
Property Features for 516 Boal Ave
General Information
Standard status
Active
Size
1,376 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Building Details
Year Built
1920
Stories
2
Listing Agency:
EB Real Estate
Listed By:
Eric M Brown (937) 548-4663
(937) 974-1553
Source:
Daytonhomesearcher
Added: Jun 24
Changed: Oct 11
Last Checked: Oct 16 at 9:10AM
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 EB Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this two-story duplex provides 1,376 square feet of living space with three bedrooms and two bathrooms. A private exterior staircase serves the upper level, while the front porch adds covered outdoor space at the entry.
A detached garage sits beside the property and has two individual garage doors. The grounds also include a grassy yard and a mature shade tree, providing additional outdoor features for the residence.
A detached garage sits beside the property and has two individual garage doors. The grounds also include a grassy yard and a mature shade tree, providing additional outdoor features for the residence.
Key Highlights
- 1,376 square feet of living space
- Three bedrooms and two bathrooms
- Two‑story layout with private exterior staircase to the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,472
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,440
$249.4K
Cap Rate 7%
$178,171
$178.2K
Cap Rate 9%
$138,578
$138.6K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$19.0K $13.80/SF
− Vacancy
−$1.2K −$0.85/SF
EGI
$17.8K $12.95/SF
− OpEx
−$5.3K −$3.88/SF
NOI
$12.5K $9.06/SF
Area
Miami County, OH
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,440
Cap Rate 7%
$178,171
Cap Rate 9%
$138,578
Alternative Uses
Best Use
Multifamily LT 5
$178.2K
$155.9K – $207.9K
NOI $12,472 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$155.3K
$135.9K – $181.2K
NOI $10,869 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$280.4K
$245.4K – $327.2K
NOI $19,631 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 45356, OH
25,106
Population
11,353
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
75.5 sq mi
ZIP Area
333
Density / Sq Mi
$66,134
Median Household Income
$38,323
Median Earnings
$900
Median Rent
$144,500
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 - Duplex offering front porch space, upper-level exterior access, and a detached garage.
Where is this duplex located?
The property is located at 516 Boal Ave Piqua, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,376 square feet of living space; Three bedrooms and two bathrooms; Two‑story layout with private exterior staircase to the upper level
