Income-Producing Duplex in Bellefontaine,
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 Market158
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 2, Bathroom 1, Bedroom 1, Bedroom 3
Parking features
None
Patio and Porch features
Porch
Interior features
Attic, Ceiling Fan(s)
Basement
Unfinished, Full
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
Vinyl, Hardwood, Linoleum
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: Jul 28
Last Checked: Aug 1 at 3:06AM
MLS# 1044176
Copyright © 2026 West Metro Board of REALTORS®. 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.
Located at 605 N Detroit Street in Bellefontaine, OH, this well-maintained duplex features two income-producing units. Unit A is a 2-bedroom, 1-bathroom unit, while Unit B offers 1 bedroom and 1 bathroom. Each unit includes a full kitchen, comfortable living room, and convenient laundry hookups. Unit A is currently leased for $1,050 per month on a yearly lease, and Unit B is leased for $850 per month on a yearly lease. With both units occupied, the property generates $1,900 per month in rental income. The property size is 1,872 square feet and the lot size is 0.17 acres.
Key Highlights
- Duplex at 605 N Detroit Street with two income‑producing units: a 2 bed/1 bath unit and a 1 bed/1 bath unit
- Current leases: 2 bed/1 bath is leased for $1,050/month and 1 bed/1 bath is leased for $850/month (yearly leases)
- Both units occupied for total rental income of $1,900/month
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
2
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two units generating $1,900 monthly income.
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: Duplex at 605 N Detroit Street with two income‑producing units: a 2 bed/1 bath unit and a 1 bed/1 bath unit; Current leases: 2 bed/1 bath is leased for $1,050/month and 1 bed/1 bath is leased for $850/month (yearly leases); Both units occupied for total rental income of $1,900/month
