Income-Generating Duplex
613 Pike St Ironton, OH 45638
For Sale
$129,900
Duplex offers two separate units with 2 bedrooms and 1 full bath downstairs and 1 bedroom and 1 full bath upstairs.
Days on Market8
Property Features for 613 Pike St
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Year Built
1926
Listing Agency:
Bunch Real Estate Associates
(304) 544-2929
Listed By:
Todd Jenkins
(304) 544-2929
Source:
Mmrealty
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 12:44PM
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 Bunch Real Estate Associates
Investment Insights
Based on property information with market context.
This income-producing duplex contains two separate residential units. The lower unit is configured with 2 bedrooms and 1 full bathroom, and the upper unit offers 1 bedroom and 1 full bathroom. Updates have been completed throughout the past few years, supporting the property’s ongoing income potential.
The duplex is located just minutes from downtown Ironton and the Ashland Bridge, placing it within reach of shopping, dining, employment, and everyday amenities.
With a straightforward two-unit setup and established unit mix, the property is well suited for buyers seeking a residential income duplex structure.
The duplex is located just minutes from downtown Ironton and the Ashland Bridge, placing it within reach of shopping, dining, employment, and everyday amenities.
With a straightforward two-unit setup and established unit mix, the property is well suited for buyers seeking a residential income duplex structure.
Key Highlights
- Income‑producing duplex built in 1926 with two separate units
- Lower unit: 2 bedrooms and 1 full bathroom
- Upper unit: 1 bedroom and 1 full bathroom
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 | $17.2k | $10.20 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $16.1k | $9.54 |
| − OpEx | −$4.8k | −$2.86 |
| NOI | $11.3k | $6.68 |
1,690 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$161.2K
$141.0K – $188.0K
NOI $11,282 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$149.8K
$131.1K – $174.8K
NOI $10,485 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$384.7K
$336.6K – $448.8K
NOI $26,929 @ 7.0% cap · market cap 20.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two separate units with 2 bedrooms and 1 full bath downstairs and 1 bedroom and 1 full bath upstairs.
Where is this duplex located?
The property is located at 613 Pike St Ironton, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Income‑producing duplex built in 1926 with two separate units; Lower unit: 2 bedrooms and 1 full bathroom; Upper unit: 1 bedroom and 1 full bathroom
