Listing Agency: e-Merge Real Estate d***@e-merge.com Show Phone

Listed By: Dan Abdella · License #0000441791 Show Phone

Source: Exprealty

Added: Aug 6 Changed: Aug 29 Last Checked: Aug 29 at 3:08PM

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Investment Insights

Based on property information with market context.

This 3,054-square-foot triplex at 96-100 N McDonald St includes three two-bedroom residences, each with one and a half bathrooms and its own washer/dryer hookup. Rear decks open toward the backyard, and all three units are currently occupied.

The property is near Athens High School, Eclipse Company Store, and the Hockhocking Adena Bikeway. Its location provides access toward Athens and Ohio University, as well as Nelsonville and Hocking College. The property has a documented rental history and is currently producing rental income.

Key Highlights

• 3,054‑square‑foot triplex with three units
• Three two‑bedroom units, each with one and a half bathrooms
• Private washer/dryer hookup provided for every unit

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$26,856

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.98%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$537,120 $537.1K

Cap Rate 7%

$383,657 $383.7K

Cap Rate 9%

$298,400 $298.4K

Market Conditions

NOI Build-Up for 3,054 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$45.1K $14.76/SF

− Vacancy

−$6.7K −$2.20/SF

EGI

$38.4K $12.56/SF

− OpEx

−$11.5K −$3.77/SF

NOI

$26.9K $8.79/SF

Area

Athens County, OH

Vacancy

14.89%

Lease Rate

$14.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$537,120

Cap Rate 7%

$383,657

Cap Rate 9%

$298,400

Alternative Uses

Best Use

Multifamily LT 5

$383.7K

$335.7K – $447.6K (±1% cap)

NOI $26,856 @ 7.0% cap · market cap 8.98%

Second Best

Apartment 5plus

$352.1K

$308.1K – $410.8K (±1% cap)

NOI $24,647 @ 7.0% cap · market cap 8.24%

Theoretical Best

Office A

$697.5K

$610.3K – $813.7K (±1% cap)

NOI $48,824 @ 7.0% cap · market cap 16.33%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Plumbing Service Nail Salon Auto Parts Store Building Supply

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

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

220

Businesses Nearby

Explore this area Business Placement

Demographics for 45780, OH

3,328

Population

1,652

Households

2

Avg Household Size

40

Median Age

32%

College-Educated

90%

High-School Grad

2.9 sq mi

ZIP Area

1,148

Density / Sq Mi

$51,789

Median Household Income

$54,196

Median Earnings

$895

Median Rent

$246,400

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

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What type of property is this? Where is this triplexes 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?

Triplex - Each residence includes two bedrooms, one and a half bathrooms, and laundry hookups.

Where is this triplex located?

The property is located at 96 98 100 N Mcdonald St The Plains, OH.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 3,054‑square‑foot triplex with three units; Three two‑bedroom units, each with one and a half bathrooms; Private washer/dryer hookup provided for every unit