Duplex with Studio
New
For Sale
$179,900
519 Ann Street, Piqua, OH 45356
Two distinct living spaces combine a three-bedroom unit with a separate studio and shared outdoor features.
Property Size1,852 SF
Price / SF$97.14
Days on Market6
Property Features for 519 Ann Street
General Information
Standard status
Active
Size
1,852 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
wood deck
large shed
covered front porch
off-street parking
Building Details
Buildings
1
Listing Agency:
Glasshouse Realty Group
(937) 416-4154
Listed By:
Gabrielle Lawson
(937) 418-1718
Source:
Exprealty
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 2:44AM
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 Glasshouse Realty Group
Investment Insights
Based on property information with market context.
This duplex pairs a three-bedroom, one-bath residence with a separate studio, totaling 1,852 square feet. The larger unit has central heat, an unfinished basement with laundry, and kitchen updates completed within the last six months. The studio received renovations around three years ago and includes a standing shower, stainless steel appliances, and a stacked washer and dryer. Both units have updated lighting and water heaters approximately three years old.
Outdoor features include covered porches at the front, a rear wood deck, and a large shed. Parking is available off street at the back, with additional street parking in front. Electrical service and the meter box were replaced within the last five years. The owner pays water and trash; residents handle their own gas and electric service.
Outdoor features include covered porches at the front, a rear wood deck, and a large shed. Parking is available off street at the back, with additional street parking in front. Electrical service and the meter box were replaced within the last five years. The owner pays water and trash; residents handle their own gas and electric service.
Key Highlights
- 1,852‑square‑foot duplex with a three‑bedroom, one‑bath unit and a separate studio
- Renovations to the larger unit completed within the last six months
- Studio updated around three years ago; includes a standing shower and stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,629
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,580
$292.6K
Cap Rate 7%
$208,986
$209.0K
Cap Rate 9%
$162,544
$162.5K
Market Conditions
NOI Build-Up for 1,852 SF
Gross rent
$28.4K $15.36/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$26.6K $14.36/SF
− OpEx
−$12.0K −$6.46/SF
NOI
$14.6K $7.90/SF
Area
Miami County, OH
Vacancy
6.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,580
Cap Rate 7%
$208,986
Cap Rate 9%
$162,544
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.8K – $279.8K
NOI $16,786 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$209.0K
$182.9K – $243.8K
NOI $14,629 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$377.5K
$330.3K – $440.4K
NOI $26,422 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
545
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living spaces combine a three-bedroom unit with a separate studio and shared outdoor features.
Where is this duplex located?
The property is located at 519 Ann Street Piqua, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,852‑square‑foot duplex with a three‑bedroom, one‑bath unit and a separate studio; Renovations to the larger unit completed within the last six months; Studio updated around three years ago; includes a standing shower and stacked washer and dryer
