Brick Duplex with Separate
1701 Sherman Avenue Norwood, OH 45212
New
For Sale
$279,900
MULTI_FAMILY - Norwood, OH
Property Size2,184 SF
Lot Size0.09 Acres
Price / SF$128.16
Days on Market3
Property Features for 1701 Sherman Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Vinyl Frames
- Standard status
- Active
- APN
- 651-0049-0188-00
- Size
- 2,184 SF
- Lot size
- 0.09 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1913
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Slate
Listing Agency:
Keller Williams Advisors
(513) 766-9200
Listed By:
John Meade
(513) 766-9200
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 25 at 10:06AM
MLS# 1888032
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained brick duplex is positioned as a turnkey residential income asset with two spacious units and distinctive interior character. The first-floor unit includes 1 bedroom and 1 full bath. The second-floor unit spans two levels with 3 bedrooms, 1 bath, and a bonus loft/flex space. Hardwood floors and exposed brick are featured throughout the property.
The duplex is located in Norwood, OH. It is described as being less than a mile from Xavier University, with quick access to I-71, Rookwood, Factory 52, Hyde Park, and Downtown Cincinnati.
Both units are currently tenant occupied and have separate meters/utilities, supporting immediate rental income. A 24-hour notice is required for showings.
The duplex is located in Norwood, OH. It is described as being less than a mile from Xavier University, with quick access to I-71, Rookwood, Factory 52, Hyde Park, and Downtown Cincinnati.
Both units are currently tenant occupied and have separate meters/utilities, supporting immediate rental income. A 24-hour notice is required for showings.
Key Highlights
- Brick duplex built in 1913 with slate roof and forced‑air natural gas heating
- Two spacious units: first‑floor 1 bed/1 full bath and second‑floor unit with 3 beds/1 bath plus bonus loft/flex space
- Hardwood floors and exposed brick features in both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $14.28 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $29.4k | $13.48 |
| − OpEx | −$8.8k | −$4.04 |
| NOI | $20.6k | $9.44 |
2,184 SF · lease $14.28/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,607 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$269.3K
$235.7K – $314.2K
NOI $18,854 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$391.5K
$342.6K – $456.8K
NOI $27,408 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Well-maintained brick duplex offers two units with separate utilities and tenant occupancy.
Where is this duplex located?
The property is located at 1701 Sherman Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Brick duplex built in 1913 with slate roof and forced‑air natural gas heating; Two spacious units: first‑floor 1 bed/1 full bath and second‑floor unit with 3 beds/1 bath plus bonus loft/flex space; Hardwood floors and exposed brick features in both units
