Duplex with Detached
New
For Sale
$165,000
531-533 Maple Street, Fostoria, OH 44830
Two side-by-side residences include separate basements, laundry areas, and storage.
Property Size1,848 SF
Price / SF$89.29
Days on Market5
Property Features for 531-533 Maple Street
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Block,Sump Pump,Unfinished
Carpet,Vinyl
true
2
Yes
4
Double Pane Windows
In Basement,Inside
Assessor
Storage
Corner Lot
Public
0.2
6
66X132
false
On Street,Paved,Detached Garage,Driveway
Asphalt
Private Yard,Storage
Block
City Street
1
Building Details
Building Size
1,848 SF
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
BHHS Koehler Realty
(419) 422-4082
Listed By:
Monica Metzger
(419) 722-4745
Source:
Koehlerrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:39PM
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 BHHS Koehler Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,848-square-foot duplex has two side-by-side townhouse-style units, each with two bedrooms, one bathroom, and a separate basement with laundry and storage. A detached one-car garage is divided by a partition wall. Both residences have newer gas forced-air furnaces and new air-conditioning units; the water heater in 531 Maple Street is also new, while 533 Maple Street has been updated throughout.
The property occupies a 0.2-acre corner lot at 531-533 Maple Street in Fostoria, Ohio. Both units have leases extending through August 2027.
The property occupies a 0.2-acre corner lot at 531-533 Maple Street in Fostoria, Ohio. Both units have leases extending through August 2027.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,848‑square‑foot duplex on a 0.2‑acre corner lot
- Separate basements with laundry and storage in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,363
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,260
$287.3K
Cap Rate 7%
$205,186
$205.2K
Cap Rate 9%
$159,589
$159.6K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$28.4K $15.36/SF
− Vacancy
−$2.3K −$1.23/SF
EGI
$26.1K $14.13/SF
− OpEx
−$11.8K −$6.36/SF
NOI
$14.4K $7.77/SF
Area
Seneca County, OH
Vacancy
8.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,260
Cap Rate 7%
$205,186
Cap Rate 9%
$159,589
Alternative Uses
Best Use
Multifamily LT 5
$231.5K
$202.6K – $270.1K
NOI $16,208 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$205.2K
$179.5K – $239.4K
NOI $14,363 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$391.9K
$342.9K – $457.2K
NOI $27,431 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 44830, OH
18,442
Population
8,231
Households
2.2
Avg Household Size
41
Median Age
12%
College-Educated
91%
High-School Grad
118.4 sq mi
ZIP Area
156
Density / Sq Mi
$61,589
Median Household Income
$38,905
Median Earnings
$770
Median Rent
$109,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences include separate basements, laundry areas, and storage.
Where is this duplex located?
The property is located at 531-533 Maple Street Fostoria, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,848‑square‑foot duplex on a 0.2‑acre corner lot; Separate basements with laundry and storage in each unit
