Updated 2-Unit
New
For Sale
$525,000
522 Main Street, Milford, OH 45150
A 2021 renovation refreshed both residences and replaced major building systems.
Property Size2,156 SF
Price / SF$243.51
Days on Market7
Property Features for 522 Main Street
General Information
Standard status
Active
Size
2,156 SF
Property subtype
Multi-Family
Building Details
Year Built
1919
Listing Agency:
Sue Boone Realty, Inc., Hillsb (937-393-0070)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 6:33PM
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 Sue Boone Realty, Inc., Hillsb (937-393-0070)
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,156 square feet and was built in 1919. Work completed in 2021 included the roof, kitchens, bathrooms, plumbing, electrical, flooring, windows, exterior, hot water heaters and HVAC. The property offers two separate residences.
At 522 Main Street in Milford, the duplex is near the Scenic Bike Trail, Little Miami River, parks, restaurants, bars, boutiques and shopping.
At 522 Main Street in Milford, the duplex is near the Scenic Bike Trail, Little Miami River, parks, restaurants, bars, boutiques and shopping.
Key Highlights
- 2,156‑square‑foot duplex built in 1919
- 2021 improvements included roof, kitchens, bathrooms, plumbing, electrical, flooring, windows, exterior, hot water heaters and HVAC
- Two side‑by‑side residences at 522 Main Street, Milford, OH 45150
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,288
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,760
$465.8K
Cap Rate 7%
$332,686
$332.7K
Cap Rate 9%
$258,756
$258.8K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$34.9K $16.20/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$33.3K $15.43/SF
− OpEx
−$10.0K −$4.63/SF
NOI
$23.3K $10.80/SF
Area
Clermont County, OH
Vacancy
4.75%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,760
Cap Rate 7%
$332,686
Cap Rate 9%
$258,756
Alternative Uses
Best Use
Multifamily LT 5
$332.7K
$291.1K – $388.1K
NOI $23,288 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$289.7K
$253.5K – $338.0K
NOI $20,277 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$386.5K
$338.2K – $451.0K
NOI $27,057 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 45150, OH
33,735
Population
14,432
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
32.3 sq mi
ZIP Area
1,044
Density / Sq Mi
$91,780
Median Household Income
$51,494
Median Earnings
$1,033
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A 2021 renovation refreshed both residences and replaced major building systems.
Where is this duplex located?
The property is located at 522 Main Street Milford, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,156‑square‑foot duplex built in 1919; 2021 improvements included roof, kitchens, bathrooms, plumbing, electrical, flooring, windows, exterior, hot water heaters and HVAC; Two side‑by‑side residences at 522 Main Street, Milford, OH 45150
