6-Unit Apartment
For Sale
$573,000
99 S Bowman Rd, Chillicothe, OH 45601
A mixed unit layout is complemented by private parking and a shared laundry facility.
Property Size4,340 SF
Price / SF$132.03
Days on Market9
Property Features for 99 S Bowman Rd
General Information
Standard status
Active
Size
4,340 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$5,336
Amenities
Private parking
Community-shared laundry facility
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Dwell Real Estate LLC
(740) 851-6332
Listed By:
Cheryl Brown-Wynn · License #2005004825
(740) 649-0574
Source:
Exprealty
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 5 at 9:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dwell Real Estate LLC
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, plus two with one bedroom and one bathroom. The units have received several upgrades, and private parking is provided. Residents also have access to a shared laundry facility.
The property is within city limits in Chillicothe, Ohio, with town amenities described as nearby.
The property is within city limits in Chillicothe, Ohio, with town amenities described as nearby.
Key Highlights
- Six apartments: four 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- 4,340 square feet of apartment space
- Private parking for residents
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A mixed unit layout is complemented by private parking and a shared laundry facility.
Where is this apartment building located?
The property is located at 99 S Bowman Rd 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 of apartment space; Private parking for residents
