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Sal Boulevard 300 Sal Blvd 12 Unit Apartment Building $1,625,000 ($135,417/Unit) 7.26% Cap Rate Trenton, OH 45067
Investment Highlights
- Built in 1996 and eight units renovated since 2023
- 100% occupied as of 1/23/26
- Growing population within the Cincinnati MSA
- All two-bedroom townhouses with washer/dryer hookups
- Tenants pay for electric (heating and cooling) and water (individually metered)
- Average household income for the zip code is around $88,000
Executive Summary
Marcus & Millichap is pleased to present Sal Boulevard, a 12-unit multifamily investment opportunity located in Trenton, Ohio within Butler County. The property is comprised of three adjacent four-unit townhouse buildings that are separately parceled, offering flexibility for future disposition. Constructed in 1996, the asset totals approximately 13,200 rentable square feet and consists entirely of 2-bedroom townhouse-style units.
Sal Boulevard is currently stabilized at 100% occupancy with eight units renovated and an average effective rent of $1,187. All units feature washer/dryer hookups with tenant-paid utilities, supporting strong operating efficiency and attractive financing options. The property is well positioned between Cincinnati and Dayton in a growing submarket supported by an approximately $88,000 average household income, population growth, and continued industrial and employment investment in the area.
Link to deal vault with OM, rent roll and financials: https://www.marcusmillichap.com/properties/195641/sal-boulevard
Call for offers date is Wednesday, February 25th. Email all offers to austin.hall@marcusmillichap.com
Sal Boulevard is currently stabilized at 100% occupancy with eight units renovated and an average effective rent of $1,187. All units feature washer/dryer hookups with tenant-paid utilities, supporting strong operating efficiency and attractive financing options. The property is well positioned between Cincinnati and Dayton in a growing submarket supported by an approximately $88,000 average household income, population growth, and continued industrial and employment investment in the area.
Link to deal vault with OM, rent roll and financials: https://www.marcusmillichap.com/properties/195641/sal-boulevard
Call for offers date is Wednesday, February 25th. Email all offers to austin.hall@marcusmillichap.com
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,625,000 | Apartment Style | Townhome |
| Price Per Unit | $135,417 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.26% | Building Size | 13,200 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1996/2023 |
| Price | $1,625,000 |
| Price Per Unit | $135,417 |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 13,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2023 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Refrigerator
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | $1,350 | 1,100 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $256,540 | |
| Land Assessment | $25,660 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $230,880 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$25,660
Improvements Assessment
$230,880
Total Assessment
$256,540
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Sal Boulevard | 300 Sal Blvd
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