Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cincinnati Triplex Near University Title is generated by Realmo AI

    2462 Fairview Avenue, Cincinnati, OH 45219

    View on Map
    Claim this Listing
    For Sale
    $317,900

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    2,495 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $127/SF
    Added:
    Feb 18, 2026
    Days on Market:
    106
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 2462 Fairview Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Window features
    Vinyl Frames, Wood Frames
    Patio and Porch features
    Porch, Patio
    Exterior features
    Patio, Porch, Metal Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    098-0006-0047-00
    Size
    2,495 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1903
    Number of units
    3
    Building materials
    Vinyl Siding, Cedar
    Roof type
    Slate

    We can help!

    Listing Contact
    Bob Daniel

    Listing agent Bob Daniel

    Listing office Keller Williams Advisors 9277 Centre Pointe Dr, Cincinnati, OH

    Listing date Feb 18, 2026

    MLS# 1869215 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

    • Cash flow property - the only one for sale with this benefit.
    • Walking distance to UC and bus lines.
    • New siding, gutters & roof (2022).
    • Vacant unit available to show.
    • Potential for higher rents by transitioning to student tenants.
    • Easy street parking in a quiet area.

    Overview

    This three-unit multifamily property is located within walking distance of the University of Cincinnati and bus lines. One unit is currently vacant and available for showings. The existing rents are lower than market value due to long-term tenants. Converting the tenant base to students could potentially allow for significantly higher rental income. Tenants are responsible for paying their own electric bills, and the third-floor tenant also pays for their own heat. Street parking is readily available in the quiet neighborhood. The property's siding, gutters, and roof were replaced in 2022, and the exterior was painted in 2018. The property size is 2495 square feet and the lot size is 0.058 acres.

    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 $31.7k $12.72
    − Vacancy −$1.9k −$0.75
    EGI $29.9k $11.97
    − OpEx −$9.0k −$3.59
    NOI $20.9k $8.38
    2,495 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $298.6K
    $261.3K – $348.4K (±1% cap)
    NOI $20,905 @ 7.0% cap · market cap 6.58%
    Second Best
    Apartment 5plus
    $264.8K
    $231.7K – $309.0K (±1% cap)
    NOI $18,538 @ 7.0% cap · market cap 5.83%
    Theoretical Best
    Office A
    $496.0K
    $434.0K – $578.6K (±1% cap)
    NOI $34,718 @ 7.0% cap · market cap 10.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.526802
    Latitude
    39.127407

    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 Avenue, Cincinnati, OH 45205
      View Details
    • $675,000
      2,981 SF

      Well-Maintained Duplex Near Mt. Lookout

      Duplex near Mt. Lookout Square, Cincinnati. Potential for various uses.
      944 Ellison Avenue, Cincinnati, OH 45226
      View Details
    • $1.00
      2,232 SF

      Furnished Creative Office Suite

      High-end, move-in ready office in Cincinnati's East End.
      3251 Riverside Drive, Cincinnati, OH 45226
      View Details
    • $825,000

      Turnkey Boat & RV Storage

      Cincinnati boat and RV storage facility for sale.
      4255 Kellogg Avenue, Cincinnati, OH 45226
      View Details
    • $1,500,000

      Retail Building in Price Hill

      Two-story retail building with redevelopment potential and dedicated parking.
      3916 Glenway Avenue, Cincinnati, OH 45205
      View Details
    • $595,000
      3,025 SF

      Oakley Triplex Investment Opportunity

      Meticulously maintained triplex in Cincinnati's desirable Oakley neighborhood.
      4116 Ballard Avenue, Cincinnati, OH 45209
      View Details
    • $629,000
      4,099 SF

      Mixed-Use Investment in Walnut Hills

      Turnkey mixed-use property with income potential in Cincinnati, OH.
      2340 Laredo Avenue, Cincinnati, OH 45206
      View Details
    • $795,000
      4,359 SF

      Historic Multi-Family in Cincinnati

      Fully rented historic multi-family property with development potential.
      428 Elizabeth Street, Cincinnati, OH 45203
      View Details
    • $199,000
      2,554 SF

      Incline District Duplex Investment

      Cash-flowing duplex in Cincinnati's vibrant Incline District.
      3320 Glenway Avenue, Cincinnati, OH 45205
      View Details
    • $285,000
      2,718 SF

      Northside Duplex with Income Potential

      Solid brick duplex in Cincinnati's Northside neighborhood.
      4110 Jerome Avenue, Cincinnati, OH 45223
      View Details
    • $375,000
      3,190 SF

      Cincinnati Multifamily Investment Opportunity

      Multifamily property with strong rental income and value-add potential.
      2342 Stratford Avenue, Cincinnati, OH 45219
      View Details
    • $499,900
      1,218 SF

      Auto Garage in College Hill

      Two-bay auto garage in Cincinnati's College Hill redevelopment area.
      5757 Hamilton Avenue, Cincinnati, OH 45224
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property near UC, offering cash flow potential.
    Where is this triplex located?
    The property is located at 2462 Fairview Avenue Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $317,900.
    What are key features of this property?
    This property features: Cash flow property - the only one for sale with this benefit.; Walking distance to UC and bus lines.; New siding, gutters & roof (2022).
    (513) 766-9200
    We can help!
    Listing Contact
    Bob Daniel
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2462 Fairview Avenue, Cincinnati, OH 45219
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!