6-Unit Apartment
99 Bowman Road, Chillicothe, OH 45601
For Sale
$573,000
Residential Income, Chillicothe, OH
Property Size4,340 SF
Lot Size0.21 Acres
Price / SF$132.03
Days on Market44
Property Features for 99 Bowman Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private parking
community-shared laundry facility
Building Details
Year built
Roof type
Buildings
Listing Agency:
Dwell Real Estate LLC
(740) 851-6332
Listed By:
Cheryl Brown-Wynn · License OH #2005004825
(740) 649-0574
Added: Sep 28
Changed: Oct 29
Last Checked: Nov 10 at 5:06PM
MLS# 201479
Copyright © 2026 Scioto Valley Association of Realtors. 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 4,340-square-foot apartment property contains six units: four with two bedrooms and one bathroom each, plus two with one bedroom and one bathroom each. Built in 1953, the building has forced-air, natural gas heating and central air conditioning. Residents have access to private parking and a shared laundry facility.
Public water and sewer serve the property, which occupies a 0.209-acre site in Chillicothe, Ohio. The roof includes rubber and asphalt materials.
Public water and sewer serve the property, which occupies a 0.209-acre site in Chillicothe, Ohio. The roof includes rubber and asphalt materials.
Key Highlights
- Six apartments: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 4,340 square feet on a 0.209‑acre site
- Private parking and shared laundry facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,983
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,660
$539.7K
Cap Rate 7%
$385,471
$385.5K
Cap Rate 9%
$299,811
$299.8K
Market Conditions
NOI Build-Up for 4,340 SF
Gross rent
$52.1K $12.00/SF
− Vacancy
−$3.0K −$0.70/SF
EGI
$49.1K $11.30/SF
− OpEx
−$22.1K −$5.09/SF
NOI
$27.0K $6.22/SF
Area
Ross County, OH
Vacancy
5.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,660
Cap Rate 7%
$385,471
Cap Rate 9%
$299,811
Alternative Uses
Best Use
Apartment 5plus
$385.5K
$337.3K – $449.7K
NOI $26,983 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$819.0K
$716.6K – $955.5K
NOI $57,330 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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Business Placement
Demographics for 45601, OH
56,849
Population
23,358
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
348.7 sq mi
ZIP Area
163
Density / Sq Mi
$57,430
Median Household Income
$39,973
Median Earnings
$858
Median Rent
$160,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied one- and two-bedroom layout is paired with resident parking and shared laundry.
Where is this apartment building located?
The property is located at 99 Bowman Road Chillicothe, OH.
What is the asking price?
The asking price for this property is $573,000.
What are key features of this property?
This property features: Six apartments: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; 4,340 square feet on a 0.209‑acre site; Private parking and shared laundry facility
