Triplex with Detached
New
For Sale
$325,000
6173 Branch Hill Guinea Road, Milford, OH 45150
Three residential units offer a multifamily layout with renovation needs and a separate garage.
Property Size3,089 SF
Lot Size1.15 Acres
Price / SF$105.21
Days on Market3
Property Features for 6173 Branch Hill Guinea Road
General Information
Standard status
Active
Size
3,089 SF
Lot size
1.15 Acres
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
the third needs a full renovation
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1910
Listing Agency:
Comey & Shepherd (513-561-5800)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 6:47AM
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 Comey & Shepherd (513-561-5800)
Investment Insights
Based on property information with market context.
Built in 1910, this triplex contains three residential units totaling approximately 3,089 SF. Each unit includes 2 bedrooms and 1 bathroom. A detached garage is also included. The property is offered strictly AS-IS, with two units requiring cosmetic rehabilitation and the third requiring a full renovation.
Located at 6173 Branch Hill Guinea in Milford, the 1.15-acre property is convenient to I-275 and Milford amenities. The existing configuration may be retained for multifamily use or converted into a larger single-family residence, subject to buyer verification of occupancy, zoning, and condition. Cash or hard-money financing only; conventional and FHA financing are not accepted.
Located at 6173 Branch Hill Guinea in Milford, the 1.15-acre property is convenient to I-275 and Milford amenities. The existing configuration may be retained for multifamily use or converted into a larger single-family residence, subject to buyer verification of occupancy, zoning, and condition. Cash or hard-money financing only; conventional and FHA financing are not accepted.
Key Highlights
- Three‑unit building with 2 bed / 1 bath configuration in each unit
- Approximately 3,089 SF total on 1.15 acres
- Detached garage included
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
$29,052
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
8.94%
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%
$581,040
$581.0K
Cap Rate 7%
$415,029
$415.0K
Cap Rate 9%
$322,800
$322.8K
Market Conditions
NOI Build-Up for 3,089 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
$55.6K $18.00/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$52.8K $17.10/SF
− OpEx
−$23.8K −$7.69/SF
NOI
$29.1K $9.41/SF
Area
Clermont County, OH
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$581,040
Cap Rate 7%
$415,029
Cap Rate 9%
$322,800
Alternative Uses
Best Use
Multifamily LT 5
$476.6K
$417.1K – $556.1K
NOI $33,365 @ 7.0% cap · market cap 10.27%
Second Best
Apartment 5plus
$415.0K
$363.2K – $484.2K
NOI $29,052 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$553.8K
$484.6K – $646.1K
NOI $38,766 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 45150, OH
33,735
Population
14,432
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
32.3 sq mi
ZIP Area
1,044
Density / Sq Mi
$91,780
Median Household Income
$51,494
Median Earnings
$1,033
Median Rent
$267,900
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?
Triplex - Three residential units offer a multifamily layout with renovation needs and a separate garage.
Where is this triplex located?
The property is located at 6173 Branch Hill Guinea Road Milford, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑unit building with 2 bed / 1 bath configuration in each unit; Approximately 3,089 SF total on 1.15 acres; Detached garage included
