Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2232 Kemper Ln Cincinnati, OH 45206

    View on Map
    Sponsored
    For Sale
    $469,900

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    2,724 SF
    Lot size:
    0.15 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 19 at 9:06 pm

    Property Features for 2232 Kemper Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Vinyl Frames
    APN
    063-0004-0017-00
    Parking features
    Driveway
    Fireplace
    1
    Size
    2,724 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jennifer Donathan

    Keller Williams Advisors Realty (513) 766-9200

    Listing agent Jennifer Donathan

    Listing date Mar 18, 2026

    MLS# 1872157

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex with Rental Potential

    This turnkey duplex presents an opportunity for owner-occupancy or investment, with potential for short-term rentals. Constructed in 1890, the property offers 2,724 square feet of living space on a 0.153-acre lot. The duplex features two units: a two-level, 1,881-square-foot unit with three bedrooms, one bathroom, a bonus room (potentially a fourth bedroom), and basement laundry hookups; and a 921-square-foot one-bedroom, one-bathroom unit with in-unit washer and dryer hookups. Each unit has separately metered gas, individual gas furnaces for heating, and a central air conditioning unit. The owner is responsible for electric. Both units have undergone complete, permitted renovations within the last three years, including new kitchens, bathrooms, flooring, fixtures, windows, HVAC systems, roof, and siding. Real estate taxes are abated until 2035, with an abated value of $209,000. The three-bedroom unit is currently vacant and ready for occupancy. The one-bedroom unit is tenant-occupied and leased for $1,625 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.487901
    Latitude
    39.121591

    Nearby Similar for Sale

    • $940,000
      12,020 SF

      Spacious Office Building with Parking

      Over 10,000 SF office building with private parking.
      3751 Warsaw Ave, Cincinnati, OH 45205
      View Details
    • Contact for pricing
      3,315 SF

      Kemper Hill Office Suite

      Office suite in Kemper Hill Office Park available for sale.
      6310 E Kemper Rd, Cincinnati, OH 45241
      View Details
    • $1,399,000
      10,032 SF

      Two-Story Commercial Space in Oakley

      Well-kept commercial building in Oakley with move-in-ready office space.
      3927 Brotherton Rd, Cincinnati, OH 45209
      View Details
    • New
      Contact for pricing
      10,788 SF

      Office Suites in St Bernard

      Small office suites available in St Bernard, Ohio.
      4903 Vine St, Cincinnati, OH 45217
      View Details
    • Contact for pricing
      3,860 SF

      Commercial Space Near Convention Center

      Flexible commercial space with potential for multi-tiered hospitality experience.
      126 W 6Th St, Cincinnati, OH 45202
      View Details
    • New
      $439,000
      1,856 SF

      Office Space in Anderson Twp

      Office suite with 8 offices in prime Anderson Township location.
      7655 5 Mile Rd, Anderson Twp, OH 45230
      View Details
    • New
      Contact for pricing
      10,788 SF

      Office Suite in St Bernard

      2,000 SF office suite in a convenient location.
      4903 Vine St, Cincinnati, OH 45217
      View Details
    • $699,000
      0.22 Acres

      Mixed-Use Property with Bar Included

      Mixed-use property with bar, apartments, barber shop, and office.
      3095 Glenmore Ave, Cincinnati, OH 45238
      View Details
    • New
      $679,000
      4,099 SF

      Mixed-Use Investment in Walnut Hills

      Turnkey investment opportunity with recent renovations and diverse income streams.
      2340 Laredo Ave, Cincinnati, OH 45206
      View Details
    • $475,000
      2,724 SF

      Turnkey Duplex in Cincinnati, OH

      Renovated duplex with income potential and tax abatement.
      2232 Kemper Ln, Cincinnati, OH 45206
      View Details
    • $1,500,000
      1.09 Acres

      Retail Building in Price Hill

      Two-story retail building with redevelopment potential and dedicated parking.
      3916 Glenway Ave, Cincinnati, OH 45205
      View Details
    • $850,000
      4,359 SF

      Historic Multi-Family in Cincinnati, OH

      Historic multi-family property with income potential in vibrant Cincinnati neighborhood.
      428 Elizabeth St, Cincinnati, OH 45203
      View Details

    FAQs

    What type of property is this?
    Duplex - Renovated duplex with income potential in Cincinnati, Ohio.
    Where is this duplex located?
    The property is located at 2232 Kemper Ln Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: - Real estate taxes are abated until 2035 (abated value $209,000).; - **Completely renovated within the last 3 years with permits** (new kitchens, baths, flooring, fixtures, windows, HVAC, roof, and siding).; - **Premium turnkey duplex**: live in one unit and rent the other, or lease both units.
    (513) 766-9200
    Request Owner's contact information
    2232 Kemper Ln Cincinnati, OH 45206
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2232 Kemper Ln
    Cincinnati, OH 45206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2232 Kemper Ln Cincinnati, OH 45206
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jennifer Donathan
    (513) 766-9200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!