Building Details

Buildings 1

Listing Agency: RE/MAX Alpha Real Estate Show Phone

Listed By: Jason Reynolds · License #2012001769 Show Phone

Source: Exprealty

Added: Oct 5 Changed: Oct 14 Last Checked: Oct 13 at 1:47AM

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Investment Insights

Based on property information with market context.

This 1,992-square-foot duplex contains two residences, each arranged with three bedrooms and one-and-a-half baths. New LVT flooring and carpet have been installed throughout both units. Each unit is permitted for four tenants, and the existing layout can be changed to a four-bedroom plan with an alteration.

The property sits across the street from Miami University’s sports fields at Chestnut Fields. It is currently vacant following the departure of long-term tenants and renovation work.

Key Highlights

• 1,992‑square‑foot duplex
• Each unit has 3 bedrooms, 1.5 baths and approval for 4 tenants
• New LVT flooring and carpet throughout both residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,427

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,540 $388.5K

Cap Rate 7%

$277,529 $277.5K

Cap Rate 9%

$215,856 $215.9K

Market Conditions

NOI Build-Up for 1,992 SF

Gross rent

$29.9K $15.00/SF

− Vacancy

−$2.1K −$1.07/SF

EGI

$27.8K $13.93/SF

− OpEx

−$8.3K −$4.18/SF

NOI

$19.4K $9.75/SF

Area

Butler County, OH

Vacancy

7.12%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$388,540

Cap Rate 7%

$277,529

Cap Rate 9%

$215,856

Alternative Uses

Best Use

Multifamily LT 5

$277.5K

$242.8K – $323.8K (±1% cap)

NOI $19,427 @ 7.0% cap · market cap 4.33%

Second Best

Apartment 5plus

$255.4K

$223.5K – $298.0K (±1% cap)

NOI $17,877 @ 7.0% cap · market cap 3.98%

Theoretical Best

Office A

$393.9K

$344.6K – $459.5K (±1% cap)

NOI $27,570 @ 7.0% cap · market cap 6.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Law Firm Auto Parts Store Real Estate Agency Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

754

Businesses Nearby

Explore this area Business Placement

Demographics for 45056, OH

28,892

Population

9,702

Households

3

Avg Household Size

25

Median Age

54%

College-Educated

97%

High-School Grad

74.7 sq mi

ZIP Area

387

Density / Sq Mi

$53,413

Median Household Income

$9,944

Median Earnings

$1,004

Median Rent

$247,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences have three-bedroom, one-and-a-half-bath layouts, with approval for four tenants per unit.

Where is this duplex located?

The property is located at 813 S College Avenue Oxford, OH.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: 1,992‑square‑foot duplex; Each unit has 3 bedrooms, 1.5 baths and approval for 4 tenants; New LVT flooring and carpet throughout both residences