Updated Duplex with Attached
825 Comanche Lane, Tipp City, OH 45371
For Sale
$315,000
Pending
Multi-Family, Tipp City, OH
Property Size2,190 SF
Lot Size0.23 Acres
Days on Market56
Property Features for 825 Comanche Lane
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Howard Hanna Real Estate Services
Listed By:
Jonathan Murray
(937) 435-1177
Added: Sep 14
Changed: Oct 30
Last Checked: Nov 8 at 12:06AM
MLS# 1048446
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,190-square-foot duplex on a 0.23-acre lot includes two distinct living spaces. The primary residence offers 3 bedrooms, 2.5 baths, an attached 2-car garage, a renovated kitchen with new cabinetry and granite countertops, updated baths, and new luxury vinyl flooring. A walk-in closet, central air, forced-air and heat-pump heating, patio, and porch add to the property’s physical features.
The second residence is a 1-bedroom, 1-bath shotgun-style apartment with its own entrance and driveway. The property also includes a dishwasher, microwave, range, and refrigerator, along with public sewer service. Built in 1977, the duplex is located at 825 Comanche Lane in Tipp City, near downtown, I-75, and local schools.
The second residence is a 1-bedroom, 1-bath shotgun-style apartment with its own entrance and driveway. The property also includes a dishwasher, microwave, range, and refrigerator, along with public sewer service. Built in 1977, the duplex is located at 825 Comanche Lane in Tipp City, near downtown, I-75, and local schools.
Key Highlights
- 2,190‑square‑foot duplex on a 0.23‑acre lot
- Primary residence includes 3 bedrooms, 2.5 baths, and an attached 2‑car garage
- Second unit offers 1 bedroom, 1 bath, a private entrance, and its own driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,850
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,000
$397.0K
Cap Rate 7%
$283,571
$283.6K
Cap Rate 9%
$220,556
$220.6K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$30.2K $13.80/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$28.4K $12.95/SF
− OpEx
−$8.5K −$3.88/SF
NOI
$19.9K $9.06/SF
Area
Miami County, OH
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,000
Cap Rate 7%
$283,571
Cap Rate 9%
$220,556
Alternative Uses
Best Use
Multifamily LT 5
$283.6K
$248.1K – $330.8K
NOI $19,850 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$247.1K
$216.2K – $288.3K
NOI $17,299 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$446.3K
$390.6K – $520.7K
NOI $31,244 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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Business Placement
Demographics for 45371, OH
23,205
Population
9,301
Households
2.5
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
51.2 sq mi
ZIP Area
453
Density / Sq Mi
$89,425
Median Household Income
$53,051
Median Earnings
$1,154
Median Rent
$272,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units provide private entrances and driveways, with refreshed finishes in the primary residence.
Where is this duplex located?
The property is located at 825 Comanche Lane Tipp City, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,190‑square‑foot duplex on a 0.23‑acre lot; Primary residence includes 3 bedrooms, 2.5 baths, and an attached 2‑car garage; Second unit offers 1 bedroom, 1 bath, a private entrance, and its own driveway
