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    Renovated Norwood Four-Unit Investment Property Title is generated by Realmo AI

    2033 Maple Avenue, Norwood, OH 45212

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    Pending
    $575,000

    MULTI_FAMILY - Norwood, OH

    Property size:
    2,942 SF
    Lot size:
    0.13 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 1 at 3:06 pm

    Property Features for 2033 Maple Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Driveway
    Window features
    Vinyl Frames
    Patio and Porch features
    Deck, Porch
    Exterior features
    Deck, Porch, Balcony, Wood Fence
    Fencing
    Wood
    Fireplace
    1
    Standard status
    Pending
    APN
    651-0025-0012-00
    Size
    2,942 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1910
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Daniel Baron

    Listing agent Daniel Baron

    Listing office Keller Williams Advisors 2105 Grandin Road, Cincinnati, OH

    Listing date Apr 11, 2026

    MLS# 1874718 Listing URL

    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.

    HighLights

    • Fully renovated 4‑unit property with strong income potential.
    • Currently generating $4,070/month in rental income with three of four units occupied.
    • Tenants pay utilities, creating a low‑expense investment opportunity.
    • Each unit has its own washer and dryer.
    • Recent renovations include roof, A/C, and electrical panel (2021), water heater (2022), and new HVAC/split units.
    • Convenient location near shopping, dining, and highways.

    Overview

    This fully renovated four-unit property in Norwood presents an investment opportunity. The turnkey property features three 1-bedroom units and one studio unit. Three of the four units are currently occupied, generating a total rental income of $4,070 per month. Unit 1 is rented for $1,490 per month, Unit 2 for $1,280 per month, and Unit 3 for $1,300 per month. The lease for Unit 3 ends in July. The studio unit, Unit 4, is currently vacant and used as a short-term rental, with an estimated rental income of $1,100 per month, bringing the projected total income to $5,170 per month. Tenants are responsible for utilities. Each unit is equipped with its own washer and dryer. The building was completely renovated in 2021 with a new roof, A/C, and electrical panel. A new water heater was installed in 2022, along with new HVAC/split units. The property is situated in a convenient location near shopping, dining, and highways. The property size is 2,942 square feet and the lot size is 0.13 acres.
    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.458675
    Latitude
    39.16277

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    FAQs

    What type of property is this?
    Quadplex - Fully renovated four-unit property in Norwood with strong income potential.
    Where is this quadplex located?
    The property is located at 2033 Maple Avenue Norwood, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Fully renovated 4‑unit property with strong income potential.; Currently generating $4,070/month in rental income with three of four units occupied.; Tenants pay utilities, creating a low‑expense investment opportunity.
    (513) 766-9200
    We can help!
    Listing Contact
    Daniel Baron
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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