12-Unit Multifamily
For Sale
$809,900
620-672 Hagenbuch Street, Urbana, OH 43078
Five buildings contain a mix of one- and two-bedroom apartments.
Property Size7,232 SF
Lot Size1.19 Acres
Price / SF$111.99
Days on Market95
Property Features for 620-672 Hagenbuch Street
General Information
Standard status
Active
Size
7,232 SF
Lot size
1.19 Acres
Property subtype
Multi Family Home
Units
Unit Mix
10 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
12
Additional Details
Gross Income
$104,100
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,693
Building Details
Year Built
1955
Buildings
5
Units
12
Listing Agency:
REMAX Alliance Realty
Listed By:
V. Patrick Hamilton · License #2004002933
(937) 652-1100
Source:
Douglaskeycresolutions
Added: Jul 22
Changed: Oct 23
Last Checked: Oct 23 at 4:31PM
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 REMAX Alliance Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Five buildings on three parcels make up this 12-unit apartment property, built in 1955. Four buildings are duplexes, each with two two-bedroom, one-bath apartments. The fifth building contains two two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Together, the buildings provide approximately 7,232 square feet of living space on 1.19 acres. Some apartments have been remodeled, and the sale includes 12 refrigerators and 12 ranges.
The buildings are located at 652-656, 660-664, and 668-672 Hagenbuch Street; 807-809 Concord Street; and 620-644 Hagenbuch Street. The owner pays for water, sewer, and trash service, while tenants cover other utilities. Several residents have lived in their apartments for 11, 15, or more than 20 years.
The buildings are located at 652-656, 660-664, and 668-672 Hagenbuch Street; 807-809 Concord Street; and 620-644 Hagenbuch Street. The owner pays for water, sewer, and trash service, while tenants cover other utilities. Several residents have lived in their apartments for 11, 15, or more than 20 years.
Key Highlights
- 12 apartments across five buildings on three parcels
- 1.19 acres with approximately 7,232 square feet of living space
- Unit mix includes ten two‑bedroom, one‑bath apartments and two one‑bedroom, one‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,992
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,840
$499.8K
Cap Rate 7%
$357,029
$357.0K
Cap Rate 9%
$277,689
$277.7K
Market Conditions
NOI Build-Up for 7,232 SF
Gross rent
$38.2K $5.28/SF
− Vacancy
−$2.5K −$0.34/SF
EGI
$35.7K $4.94/SF
− OpEx
−$10.7K −$1.48/SF
NOI
$25.0K $3.46/SF
Area
Champaign County, OH
Vacancy
6.50%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,840
Cap Rate 7%
$357,029
Cap Rate 9%
$277,689
Alternative Uses
Best Use
Multifamily LT 5
$357.0K
$312.4K – $416.5K
NOI $24,992 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,205 @ 7.0% cap · market cap 17.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 43078, OH
20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five buildings contain a mix of one- and two-bedroom apartments.
Where is this multifamily property located?
The property is located at 620-672 Hagenbuch Street Urbana, OH.
What is the asking price?
The asking price for this property is $809,900.
What are key features of this property?
This property features: 12 apartments across five buildings on three parcels; 1.19 acres with approximately 7,232 square feet of living space; Unit mix includes ten two‑bedroom, one‑bath apartments and two one‑bedroom, one‑bath apartments
