Six-Unit Apartment
72 S Main Street, Bellbrook, OH 45305
For Sale
$959,900
A mix of long-term rentals and furnished short-term accommodations serves varied residential stays.
Property Size4,588 SF
Lot Size0.25 Acres
Price / SF$209.22
Days on Market12
Property Features for 72 S Main Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Amenities
Crawl Space
true
6
1
13
Estimated
108900000
10890.0000
0.25
false
No Garage
Porch,Patio
4588
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Key Realty
(937) 948-0980
Listed By:
Jozlyn Hildebrand
Source:
Johnsonwebbrealty
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 8 at 1:30PM
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 Key Realty
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Investment Insights
Based on property information with market context.
This 1966, single-story apartment property contains six units: five two-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit. The building totals 4,588 square feet on a 0.25-acre lot. Appliances include ranges, refrigerators, garbage disposals, washers, and dryers. A metal roof was installed in 2026, and exterior work included new siding, vents, and paint on the three gable ends, along with paint to the soffit, fascia, and gutters.
Three units are occupied under long-term rental agreements, including month-to-month arrangements; the other three are furnished and used for short-term stays. The property is fully occupied year-round, with zero vacancies. HVAC was replaced in unit 64 in 2024, a water heater was installed in unit 70 in 2025, and AC units were updated in units 62 and 72.
Three units are occupied under long-term rental agreements, including month-to-month arrangements; the other three are furnished and used for short-term stays. The property is fully occupied year-round, with zero vacancies. HVAC was replaced in unit 64 in 2024, a water heater was installed in unit 70 in 2025, and AC units were updated in units 62 and 72.
Key Highlights
- Six units: five 2‑bedroom, 1‑bathroom units and one 3‑bedroom, 1‑bathroom unit
- 4,588‑square‑foot, single‑story building on a 0.25‑acre lot
- Three long‑term rentals and three furnished short‑term rental units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,080
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,600
$781.6K
Cap Rate 7%
$558,286
$558.3K
Cap Rate 9%
$434,222
$434.2K
Market Conditions
NOI Build-Up for 4,588 SF
Gross rent
$74.3K $16.20/SF
− Vacancy
−$3.3K −$0.71/SF
EGI
$71.1K $15.49/SF
− OpEx
−$32.0K −$6.97/SF
NOI
$39.1K $8.52/SF
Area
Greene County, OH
Vacancy
4.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,600
Cap Rate 7%
$558,286
Cap Rate 9%
$434,222
Alternative Uses
Best Use
Apartment 5plus
$558.3K
$488.5K – $651.3K
NOI $39,080 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$862.7K
$754.8K – $1.01M
NOI $60,387 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 45305, OH
11,470
Population
4,466
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
96%
High-School Grad
13.8 sq mi
ZIP Area
831
Density / Sq Mi
$119,129
Median Household Income
$62,873
Median Earnings
$1,241
Median Rent
$314,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of long-term rentals and furnished short-term accommodations serves varied residential stays.
Where is this apartment building located?
The property is located at 72 S Main Street Bellbrook, OH.
What is the asking price?
The asking price for this property is $959,900.
What are key features of this property?
This property features: Six units: five 2‑bedroom, 1‑bathroom units and one 3‑bedroom, 1‑bathroom unit; 4,588‑square‑foot, single‑story building on a 0.25‑acre lot; Three long‑term rentals and three furnished short‑term rental units
