Building Details

Year built 1895

Number of units 2

Building materials Vinyl Siding

Roof type Shingle

Listing Agency: RE/MAX Alpha Real Estate · RE/MAX International J***@remax.net Show Phone

Listed By: Jason Reynolds · License #2012001769 Show Phone

Added: Oct 5 Last Checked: Oct 6 at 2:06PM

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MLS# 1896306

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 1,992-square-foot duplex sits on a 0.19-acre parcel and was built in 1895. Both residences have three bedrooms and one-and-a-half baths, with authorization for four tenants in each unit. New LVT flooring and carpet have been installed throughout. The existing layouts can be changed to four-bedroom configurations with alterations.

The property is across the street from Miami University’s Chestnut Fields sports facilities. It was left vacant after a long-term tenancy to accommodate renovation work.

Key Highlights

• Duplex with two 3‑bedroom, 1.5‑bath units
• Each unit permitted for 4 tenants
• 1,992 square feet on a 0.19‑acre lot

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.

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

805

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 - Two three-bedroom residences are permitted for four occupants apiece and include one-and-a-half baths.

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: Duplex with two 3‑bedroom, 1.5‑bath units; Each unit permitted for 4 tenants; 1,992 square feet on a 0.19‑acre lot