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

Listed By: Dan Abdella · License #0000441791 Show Phone

Source: Exprealty

Added: Aug 6 Changed: Oct 6 Last Checked: Oct 15 at 4:28AM

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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 / Yr

$26,856

Cap Rate

8.98%

Suggested Prices Based on Cap Rates

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

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 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. How Realmo checks its estimates

Property Analytics

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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

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

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?

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