Triplex with Detached
New
For Sale
$325,000
6173 Branch Hill Guinea Road, Milford, OH 45150
Residential Income, Miami Twp, OH
Property Size3,089 SF
Lot Size1.15 Acres
Price / SF$105.21
Days on Market4
Property Features for 6173 Branch Hill Guinea Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Window features
Wood Frames
Fireplace
1
High school district
Milford Ex Vill SD
Directions
South on Branch Hill Guinea on right side
Subdivision
Clermont-C02
Standard status
Active
APN
182515C060
Size
3,089 SF
Lot size
1.15 Acres
Utilities
Heating system
Natural Gas
Amenities
detached garage
Building Details
Year built
1910
Number of units
3
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Robert Speckert
(866) 212-4991
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 11 at 6:06AM
MLS# 1893124
Copyright © 2026 MLS of Greater Cincinnati, 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 3,089-square-foot triplex was built in 1910 and contains three residential units, each configured with 2 bedrooms and 1 bathroom. The property includes a detached garage, driveway parking, a fireplace, metal roofing, vinyl siding, and natural gas heating. Two units require cosmetic rehabilitation, while the third requires a full renovation. The property is being sold strictly AS-IS.
Set on 1.15 acres in Miami Twp, the property offers access to I-275 and nearby Milford amenities. The existing improvements can continue as a multifamily property or be converted into a larger single-family residence. Financing is limited to cash or hard money, with no conventional or FHA financing. Buyers are responsible for verifying occupancy, zoning, property information, and condition.
Set on 1.15 acres in Miami Twp, the property offers access to I-275 and nearby Milford amenities. The existing improvements can continue as a multifamily property or be converted into a larger single-family residence. Financing is limited to cash or hard money, with no conventional or FHA financing. Buyers are responsible for verifying occupancy, zoning, property information, and condition.
Key Highlights
- 3‑unit triplex totaling 3,089 SF
- Each unit includes 2 bedrooms and 1 bathroom
- Situated on 1.15 acres in Miami Twp
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
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature two-bedroom, one-bath layouts 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: 3‑unit triplex totaling 3,089 SF; Each unit includes 2 bedrooms and 1 bathroom; Situated on 1.15 acres in Miami Twp
