Furnished Two-Story
New
For Sale
$220,000
712 W Main St, Fairborn, OH 45324
A detached two-car garage, fenced yard, and commercial zoning complement the two-unit residential property.
Property Size2,064 SF
Price / SF$106.59
Days on Market6
Property Features for 712 W Main St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Leis Realty Company
(937) 548-5750
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 6:53PM
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 Leis Realty Company
Investment Insights
Based on property information with market context.
This 2,064-square-foot duplex, built in 1920, contains two furnished units across two stories. The first-floor apartment has an eat-in kitchen connected to a large living room, plus a bedroom with built-in dressers and a walk-in closet. A separate upper-level unit adds a second residential space. The property also includes a detached two-car garage and a fenced yard.
Located beside Wright-Patterson Air Force Base, the property is minutes from I-675. Columbus and Cincinnati are each about an hour away. Commercial zoning is in place; the City of Fairborn should be consulted regarding short-term rental information.
Located beside Wright-Patterson Air Force Base, the property is minutes from I-675. Columbus and Cincinnati are each about an hour away. Commercial zoning is in place; the City of Fairborn should be consulted regarding short-term rental information.
Key Highlights
- Two‑unit duplex with 2,064 square feet
- Built in 1920; arranged over two stories
- First‑floor unit includes an eat‑in kitchen, large living room, and bedroom with walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,105
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,100
$382.1K
Cap Rate 7%
$272,929
$272.9K
Cap Rate 9%
$212,278
$212.3K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$28.5K $13.80/SF
− Vacancy
−$1.2K −$0.58/SF
EGI
$27.3K $13.22/SF
− OpEx
−$8.2K −$3.97/SF
NOI
$19.1K $9.26/SF
Area
Greene County, OH
Vacancy
4.18%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,100
Cap Rate 7%
$272,929
Cap Rate 9%
$212,278
Alternative Uses
Best Use
Multifamily LT 5
$272.9K
$238.8K – $318.4K
NOI $19,105 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.0K
NOI $17,581 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office B
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
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?
Duplex - A detached two-car garage, fenced yard, and commercial zoning complement the two-unit residential property.
Where is this duplex located?
The property is located at 712 W Main St Fairborn, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,064 square feet; Built in 1920; arranged over two stories; First‑floor unit includes an eat‑in kitchen, large living room, and bedroom with walk‑in closet
