Updated 3-Unit
For Sale
$220,000
539 S Monroe St, Xenia, OH 45385
Three one-bedroom units feature refreshed interiors and separate electric metering for tenants.
Property Size1,614 SF
Price / SF$136.31
Days on Market40
Property Features for 539 S Monroe St
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Collins Real Estate Services
(937) 626-4181
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 29 at 3:08PM
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 Collins Real Estate Services
Investment Insights
Based on property information with market context.
This triplex contains three one-bedroom, one-bath residences within 1,614 square feet. Interior improvements include granite countertops, luxury vinyl plank flooring, and new interior paint. Two units are occupied, while the third is listed for rent. Residents pay their own electric service; ownership handles water, trash, and lawn care.
A detached 14-by-20-foot garage sits at the rear and is accessed from the alley. The building dates to 1900 and offers dedicated storage space for ownership or maintenance needs. Located at 539 S Monroe St in Xenia, Ohio, the property combines three residential units with updated finishes and an ancillary garage.
A detached 14-by-20-foot garage sits at the rear and is accessed from the alley. The building dates to 1900 and offers dedicated storage space for ownership or maintenance needs. Located at 539 S Monroe St in Xenia, Ohio, the property combines three residential units with updated finishes and an ancillary garage.
Key Highlights
- Three 1‑bedroom, 1‑bath units totaling 1,614 square feet
- Two of three units are occupied; the third is listed for rent
- Updated with granite countertops, luxury vinyl plank flooring, and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,800
$298.8K
Cap Rate 7%
$213,429
$213.4K
Cap Rate 9%
$166,000
$166.0K
Market Conditions
NOI Build-Up for 1,614 SF
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.
Gross rent
$22.3K $13.80/SF
− Vacancy
−$931 −$0.58/SF
EGI
$21.3K $13.22/SF
− OpEx
−$6.4K −$3.97/SF
NOI
$14.9K $9.26/SF
Area
Greene County, OH
Vacancy
4.18%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,800
Cap Rate 7%
$213,429
Cap Rate 9%
$166,000
Alternative Uses
Best Use
Multifamily LT 5
$213.4K
$186.8K – $249.0K
NOI $14,940 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$196.4K
$171.9K – $229.1K
NOI $13,748 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office B
$303.5K
$265.5K – $354.1K
NOI $21,243 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 45385, OH
39,446
Population
17,097
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
137.2 sq mi
ZIP Area
288
Density / Sq Mi
$75,327
Median Household Income
$45,396
Median Earnings
$899
Median Rent
$197,300
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?
Triplex - Three one-bedroom units feature refreshed interiors and separate electric metering for tenants.
Where is this triplex located?
The property is located at 539 S Monroe St Xenia, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units totaling 1,614 square feet; Two of three units are occupied; the third is listed for rent; Updated with granite countertops, luxury vinyl plank flooring, and fresh interior paint
