Well-Maintained Condo in
For Sale
$245,000
786 Miami Drive, Defiance, OH 43512
Move-in ready condo with open concept and mature trees.
Property Size2,010 SF
Days on Market385
Property Features for 786 Miami Drive
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Condominium
Amenities
Fireplace
Central Air
Natural Gas
Forced Air
Dishwasher
Microwave
Water Heater
Disposal
Dryer
Electric Range
Refrigerator
Washer
Shingles
Building Details
Building Size
2,010 SF
Year Built
2001
Stories
1
Listing Agency:
Siefkers Real Estate & Auction
Listed By:
Aaron Siefker
(419) 538-6184
Source:
Kw
Added: Sep 26, 2025
Changed: Oct 3
Last Checked: Oct 14 at 10:21PM
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 Siefkers Real Estate & Auction
Investment Insights
Based on property information with market context.
This well-maintained condo, built in 2001, features 3 bedrooms and 2 full baths within 2,010 square feet of living area. The property offers a large, open-concept kitchen, dining room, and living room, complete with a gas fireplace and wood flooring. Tile flooring is present in the kitchen, bathrooms, utility room, and foyer, while two bedrooms have carpet and the third has wood flooring. Patio doors lead to a back patio that overlooks mature trees. Additional features include an attached 2-car garage with a concrete approach and sidewalks. The property is part of the Auglaize Condominium Units and is located within the Defiance school district. HOA fees are $200 per month.
Key Highlights
- Spacious 2,010 SF condo with open concept living area.
- Includes 3 bedrooms and 2 full bathrooms.
- Features a gas fireplace and wood flooring in the living area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,903
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,060
$338.1K
Cap Rate 7%
$241,471
$241.5K
Cap Rate 9%
$187,811
$187.8K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$32.1K $15.96/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$30.7K $15.29/SF
− OpEx
−$13.8K −$6.88/SF
NOI
$16.9K $8.41/SF
Area
Defiance County, OH
Vacancy
4.20%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,060
Cap Rate 7%
$241,471
Cap Rate 9%
$187,811
Alternative Uses
Best Use
Apartment 5plus
$241.5K
$211.3K – $281.7K
NOI $16,903 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.5K
$400.4K – $533.8K
NOI $32,028 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 43512, OH
28,208
Population
12,665
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
93%
High-School Grad
217.7 sq mi
ZIP Area
130
Density / Sq Mi
$72,082
Median Household Income
$42,014
Median Earnings
$851
Median Rent
$149,300
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?
Apartment building - Move-in ready condo with open concept and mature trees.
Where is this apartment building located?
The property is located at 786 Miami Drive Defiance, OH.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Spacious 2,010 SF condo with open concept living area.; Includes 3 bedrooms and 2 full bathrooms.; Features a gas fireplace and wood flooring in the living area.
