Turnkey Duplex with Renovated
7 N Sutphin Street Middletown, OH 45042
7 N Sutphin Street, Middletown, OH, 45042
$299,000
Pending
For Sale
$299,000
Pending
MULTI_FAMILY - Middletown, OH
Property Size2,841 SF
Lot Size0.13 Acres
Days on Market49
Property Features for 7 N Sutphin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Window features
- Wood Frames, Vinyl Frames
- Patio and Porch features
- Patio, Deck, Porch
- Exterior features
- Deck, Porch, Metal Fence, Yard Lights, Enclosed Patio
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Pending
- APN
- Q6532029000008
- Size
- 2,841 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1917
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agency
eXp Realty
(216) 242-2322
Listed by
Luana King
(866) 212-4991
Added: Jun 3 Updated: Jul 17 at 5:13AM Checked: Jul 21 at 10:06AM
MLS# 1881644
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 duplex is offered as a turnkey residential income property with two rented units and long-term tenants already in place. The upstairs unit has been recently fully renovated, and the roof was replaced in 2020. Monthly gross income is described as $1,200 for one unit and $1,300 for the other. Both units are part of a configuration that also includes a full basement with a separate entrance, plus an existing kitchenette and a full bathroom.
The property is located at 7 N Sutphin Street in Middletown, Ohio (45042) in Butler County. Public remarks note convenient access to restaurants on Central Ave, with a quick 10-minute drive to I-75.
For investors or owner-occupants, the current layout provides an option to live in one unit while the other unit is already generating rental income. The separate-entry basement, including a kitchenette and full bathroom, may offer a practical way to expand the property’s income-earning potential through a third unit. Exterior features include a 2-car detached garage and a fenced-in patio area. The agent also notes that tours can be scheduled without disturbing tenants.
The property is located at 7 N Sutphin Street in Middletown, Ohio (45042) in Butler County. Public remarks note convenient access to restaurants on Central Ave, with a quick 10-minute drive to I-75.
For investors or owner-occupants, the current layout provides an option to live in one unit while the other unit is already generating rental income. The separate-entry basement, including a kitchenette and full bathroom, may offer a practical way to expand the property’s income-earning potential through a third unit. Exterior features include a 2-car detached garage and a fenced-in patio area. The agent also notes that tours can be scheduled without disturbing tenants.
Key Highlights
- $1,200/month gross income from one unit and $1,300/month rent on the second unit (duplex with long‑term tenants)
- Upstairs unit recently fully renovated
- Roof replaced in 2020
Local Financial Insights For Apartment 5plus
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 | $50.1k | $17.64 |
| − Vacancy | −$3.8k | −$1.32 |
| EGI | $46.4k | $16.32 |
| − OpEx | −$20.9k | −$7.34 |
| NOI | $25.5k | $8.97 |
2,841 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.3K – $461.8K
NOI $27,707 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,496 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$561.7K
$491.5K – $655.4K
NOI $39,321 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Renovated upstairs unit and replaced roof support a ready-to-operate residential income duplex with long-term tenants.
Where is this duplex located?
The property is located at 7 N Sutphin Street Middletown, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: $1,200/month gross income from one unit and $1,300/month rent on the second unit (duplex with long‑term tenants); Upstairs unit recently fully renovated; Roof replaced in 2020
