Duplex with Two Income
For Sale
$195,900
605 N Detroit Street, Bellefontaine, OH 43311
MULTI_FAMILY - Other - Bellefontaine, OH
Property Size1,872 SF
Lot Size0.17 Acres
Price / SF$104.65
Days on Market162
Property Features for 605 N Detroit Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
None
Patio and Porch features
Porch
Interior features
Attic, Ceiling Fan(s)
Basement
Full, Unfinished
Lot features
Plat
Elementary school district
4601 Bellefontaine CSD
Middle school district
4601 Bellefontaine CSD
High school district
4601 Bellefontaine CSD
Directions
605 N Detroit Street
Subdivision
901 Bellefontaine
Standard status
Active
APN
170910812013000
Size
1,872 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Hardwood, Vinyl
Building materials
Metal Siding
Architectural style
Other
Listing Agency:
Bell Hankins Realty Group, LLC
(937) 935-2450
Listed By:
Stanleigh Penhorwood · License #2026000062
(937) 935-2450
Added: Feb 24
Changed: Aug 5
Last Checked: Aug 5 at 4:06PM
MLS# 1044176
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex at 605 N Detroit Street is set up for rental income with two separate units. Unit A offers two bedrooms and one bathroom, along with a full kitchen, living room, and convenient laundry hookups. Unit B offers one bedroom and one bathroom, with the same core layout elements including a full kitchen, living room, and laundry hookups. Both units are currently occupied on yearly leases.
The property sits on a 0.17-acre lot and includes 1,872 square feet of living space. Built in 1920, the exterior is finished with metal siding. Interior details include an attic and ceiling fans, with flooring that includes linoleum, hardwood, and vinyl.
For utilities, the home has forced-air heating with natural gas and cooling via window unit(s). Plumbing services include public sewer. The property has a porch, and there is no on-site parking indicated.
The property sits on a 0.17-acre lot and includes 1,872 square feet of living space. Built in 1920, the exterior is finished with metal siding. Interior details include an attic and ceiling fans, with flooring that includes linoleum, hardwood, and vinyl.
For utilities, the home has forced-air heating with natural gas and cooling via window unit(s). Plumbing services include public sewer. The property has a porch, and there is no on-site parking indicated.
Key Highlights
- 0.17‑acre lot and 1,872 SF total building area
- Built in 1920 with metal siding exterior
- Unit mix: 2 bed/1 bath (Unit A) and 1 bed/1 bath (Unit B)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.9k | $5.28 |
| − Vacancy | −$808 | −$0.43 |
| EGI | $9.1k | $4.85 |
| − OpEx | −$2.7k | −$1.45 |
| NOI | $6.4k | $3.39 |
1,872 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$90.8K
$79.4K – $105.9K
NOI $6,354 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$78.6K
$68.8K – $91.8K
NOI $5,505 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$377.9K
$330.7K – $440.9K
NOI $26,452 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
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 - Two leased duplex units with separate bed and bath layouts, each with a full kitchen and laundry hookups.
Where is this duplex located?
The property is located at 605 N Detroit Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $195,900.
What are key features of this property?
This property features: 0.17‑acre lot and 1,872 SF total building area; Built in 1920 with metal siding exterior; Unit mix: 2 bed/1 bath (Unit A) and 1 bed/1 bath (Unit B)
