Three-Unit Residential
New
For Sale
$219,900
645 N Main St, Bellefontaine, OH 43311
Existing leases and tenant-paid utilities support continued rental use across the property’s three separate homes.
Property Size2,768 SF
Lot Size0.27 Acres
Price / SF$79.44
Days on Market4
Property Features for 645 N Main St
General Information
Standard status
Active
Size
2,768 SF
Lot size
0.27 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Building Details
Year Built
1900
Listing Agency:
RE/MAX Alliance Realty
Listed By:
V Patrick Hamilton (937) 869-1809 · License #2004002933
(937) 652-1100
Source:
Daytonhomesearcher
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:25AM
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 RE/MAX Alliance Realty
Investment Insights
Based on property information with market context.
This residential income property brings together three units with a total of 2,768 square feet of living area. The homes offer one-, two-, and three-bedroom layouts, each with one full bath. The building dates to 1900, and the property occupies approximately 0.27 acres on N Main Street.
Existing leases are in place, and each tenant pays their own utilities. The property is near downtown Bellefontaine, where restaurants, shops, entertainment, and community events are located.
Existing leases are in place, and each tenant pays their own utilities. The property is near downtown Bellefontaine, where restaurants, shops, entertainment, and community events are located.
Key Highlights
- Three residential units with 1-, 2-, and 3‑bedroom layouts
- 2,768 square feet of total living area
- Each unit has 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,395
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,900
$187.9K
Cap Rate 7%
$134,214
$134.2K
Cap Rate 9%
$104,389
$104.4K
Market Conditions
NOI Build-Up for 2,768 SF
Gross rent
$14.6K $5.28/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$13.4K $4.85/SF
− OpEx
−$4.0K −$1.45/SF
NOI
$9.4K $3.39/SF
Area
Logan County, OH
Vacancy
8.17%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,900
Cap Rate 7%
$134,214
Cap Rate 9%
$104,389
Alternative Uses
Best Use
Multifamily LT 5
$134.2K
$117.4K – $156.6K
NOI $9,395 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$116.3K
$101.8K – $135.7K
NOI $8,140 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$558.8K
$488.9K – $651.9K
NOI $39,113 @ 7.0% cap · market cap 17.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Existing leases and tenant-paid utilities support continued rental use across the property’s three separate homes.
Where is this triplex located?
The property is located at 645 N Main St Bellefontaine, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Three residential units with 1-, 2-, and 3‑bedroom layouts; 2,768 square feet of total living area; Each unit has 1 full bath
