217 N Miami Avenue Cleves, OH 45002
MULTI_FAMILY - Cleves, OH
Property Features for 217 N Miami Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, On Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Pending
- APN
- 572-0004-0084-00
- Size
- 2,072 SF
- Lot size
- 0.22 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Diane Serraino (866) 212-4991
Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH (866) 212-4991
Listing date Jun 23, 2026
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.
The property is located at 217 N Miami Avenue in Cleves, Ohio 45002, in Hamilton County. The listing notes a lot size of 0.22 acres and a total building size of 2,072 square feet.
For buyers seeking a live-in-and-rent arrangement, the private entrances and separate electrical service help support independent day-to-day living between units. For investors, the configuration provides two self-contained rental spaces, with reported mechanical updates for each unit and a roof scheduled to be installed prior to closing. The detached garage and additional basement storage add practical value for tenant and owner use.
Key Highlights
- Updated two‑family home built in 1930 with separate electrical panels for each unit
- Each unit has 2 bedrooms with private entrances
- Extensive recent updates: new kitchens and bathrooms, new LVP flooring, fresh paint, and new fixtures
Local 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 | $29.6k | $14.28 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $27.9k | $13.48 |
| − OpEx | −$8.4k | −$4.04 |
| NOI | $19.5k | $9.44 |
