401 Detroit St Bellefontaine, OH 43311
This Bellefontaine, Ohio duplex at 401 N Detroit Street presents a compelling investment opportunity. Priced at $64,900, this multifamily property offers significant upside potential. The building, constructed in 1900, boasts a total of 2,787 square feet, excluding a 1,300 square foot finished attic. Currently configured as two large two-bedroom, one-bathroom units, the property offers the potential for expansion. The attic space could be converted into an additional unit, creating a triplex, or the existing units could be renovated to create two three-bedroom, two-bathroom units. The property requires a complete interior renovation, but significant exterior work has already been completed. A new roof, soffit, and fascia were installed in 2024, along with other exterior improvements. Located near downtown Bellefontaine, the property benefits from a convenient location. The lot size is not specified. The price per square foot is $23.29. This property is ideal for an investor seeking a fixer-upper with substantial rental income potential after renovation. The open concept floor plans offer flexibility in design and layout. This is a rare opportunity to acquire a property with such potential in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.