2232 Fulton Avenue Cincinnati, OH 45206
MULTI_FAMILY - Cincinnati, OH
Property Features for 2232 Fulton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Vinyl Frames
- Fireplace
- 1
- Standard status
- Active
- APN
- 069-0002-0042-00
- Size
- 3,141 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1910
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Michele Mamo License #216745 (866) 212-4991
Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH (866) 212-4991
Listing date Jun 26, 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.
Located at 2232 Fulton Avenue in Cincinnati, this property is described as being just steps from Eden Park, with easy access to Downtown, the casino, hospitals, restaurants, and entertainment.
The configuration suits a range of buyers and tenants who want flexibility, including an owner-occupant plan where one unit can help support the household while the other unit is updated or re-leased. For investors, the mix of an occupied unit and a vacant unit can streamline near-term repositioning while maintaining rental income from Unit 1.
Key Highlights
- Historic brick multi‑family built in 1910 with a shingle roof and on‑street parking
- Fireplace included and forced‑air heating
- Two‑unit layout: Unit 1 is 2BR/1BA with an updated kitchen, currently rented for $1,300/month
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 | $40.0k | $12.72 |
| − Vacancy | −$2.4k | −$0.75 |
| EGI | $37.6k | $11.97 |
| − OpEx | −$11.3k | −$3.59 |
| NOI | $26.3k | $8.38 |
