Well-Maintained Duplex with Two
605 North Detroit Street Bellefontaine, OH 43311
605 North Detroit Street, Bellefontaine, OH, 43311
$195,900
For Sale
$195,900
Two occupied rental units with in-unit kitchens and laundry hookups provide straightforward income potential for an investor.
Property Size1,872 SF
Price / SF$104.65
Days on Market215
Property Features for 605 North Detroit Street
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Property subtype
- Residential Income
Building Details
- Year Built
- 1920
Listing agency
Bell Hankins Realty Group, LLC
(937) 210-6156
Listed by
Stanleigh Penhorwood · License #2026000062
(937) 210-6156
Source
Compass
Added: Dec 19, 2025 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 8:31AM
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 Bell Hankins Realty Group, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two income-producing units. Unit A offers two bedrooms and one bathroom, along with a full kitchen, a comfortable living room, and convenient laundry hookups. Unit B offers one bedroom and one bathroom and is similarly appointed with a full kitchen, living room, and laundry hookups.
Both units are currently leased on yearly terms. With Unit A and Unit B occupied, the property produces a combined monthly rental income of $1,900 based on the current leases. The listing discloses that the agent is the property owner.
For buyers seeking a simple residential income setup, this duplex provides two separate units within one property, each with its own kitchen and laundry hookups for everyday tenant convenience. The two different layouts, a 2-bedroom unit and a 1-bedroom unit, may support a broader tenant mix while keeping operations consolidated under a single ownership structure.
Both units are currently leased on yearly terms. With Unit A and Unit B occupied, the property produces a combined monthly rental income of $1,900 based on the current leases. The listing discloses that the agent is the property owner.
For buyers seeking a simple residential income setup, this duplex provides two separate units within one property, each with its own kitchen and laundry hookups for everyday tenant convenience. The two different layouts, a 2-bedroom unit and a 1-bedroom unit, may support a broader tenant mix while keeping operations consolidated under a single ownership structure.
Key Highlights
- Duplex with 2 occupied rental units: one 2BD/1BA and one 1BD/1BA
- Unit A is leased for $1,050/month on a yearly lease (2 bed, 1 bath)
- Unit B is leased for $850/month on a yearly lease (1 bed, 1 bath)
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two occupied rental units with in-unit kitchens and laundry hookups provide straightforward income potential for an investor.
Where is this duplex located?
The property is located at 605 North 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 with 2 occupied rental units: one 2BD/1BA and one 1BD/1BA; Unit A is leased for $1,050/month on a yearly lease (2 bed, 1 bath); Unit B is leased for $850/month on a yearly lease (1 bed, 1 bath)
