For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Duplex/Double
Listing Status Sold
Purchase Type For Sale
Square Footage 1,724 sqft
Price per Sqft $78
MLS Listing ID 959192
Sold Date 06/24/26
Bedrooms 4
Full Baths 2
Year Built 1920
Annual Tax Amount $2,668
Lot Size 8,276 Sqft
Lot Dimensions 58x163
Property Sub-Type Duplex/Double
Property Description
Located in the heart of Piqua, this cash-flowing duplex is the kind of opportunity investors are always hunting for—but rarely find with this level of stability and return. The numbers speak loud and clear: an impressive 11.01% cap rate backed by solid rents. Upstairs tenant signed a fresh 1-year lease in January 2026 and the downstairs is month to month, giving you immediate, reliable income from day one. The lower unit offers a spacious 2-bedroom, 1-bath layout, currently rented at $925/month. It's supported by major mechanical updates including a furnace, water heater, and updated electrical panels with new service entry cable (2014)—the kind of improvements that protect your bottom line. Upstairs, the 1-bedroom, 1-bath unit brings in $650/month and has been freshly updated in 2026 with new paint and durable LVP flooring, making it an attractive and low-maintenance space for tenants. This unit also benefits from updated furnace and water heater (2014). Outside, a new garage roof in 2025 adds yet another layer of value and peace of mind.
This is what smart investing looks like—strong returns, updated systems, and locked-in income. Whether you're building your portfolio or adding a high-performing asset, 121 S Roosevelt Ave delivers the kind of cash flow that makes a difference. For investors looking to scale, this property can also be purchased as a package deal with a companion property located at 601 E Canal St. in Troy, offering an excellent opportunity to expand your portfolio with multiple income-producing assets. AS-IS OFFERS ONLY!
Location
State OH
County Miami
Zoning Residential
Rooms
Basement Partial
Kitchen Laminate Counters, Remodeled
Interior
Interior Features 6 Panel Door, Gas Water Heater, High Speed Internet, Paddle Fans, Smoke Alarm(s)
Heating Forced Air, Natural Gas
Cooling Window Unit
Exterior
Exterior Feature Fence, Patio, Porch, Wood Fence
Parking Features 2 Car, Detached
Utilities Available 220 Volt Outlet, Public Water, Natural Gas, Sanitary Sewer
Building
Structure Type Frame,Vinyl
Schools
School District Piqua
Others
Ownership Corporate Owned
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Sibcy Cline Inc.
Nearby Locations
GET MORE INFORMATION





