Three-Unit Income
2462 Fairview Avenue Cincinnati, OH 45219
2462 Fairview Avenue, Cincinnati, OH, 45219
$317,900
For Sale
$317,900
MULTI_FAMILY - Cincinnati, OH
Property Size2,495 SF
Lot Size0.06 Acres
Price / SF$127.41
Days on Market153
Property Features for 2462 Fairview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Wood Frames, Vinyl 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
Listing Agency
Keller Williams Advisors
(513) 227-9151
9277 Centre Pointe Dr, Cincinnati, OH
Listed by
Bob Daniel
(513) 766-9200
Added: Feb 18 Updated: Jul 18 at 5:14 am Checked: Jul 21 at 4:06 am
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.
Investment Insights
Based on property information with market context.
This three-unit triplex offers an investor-friendly setup with three separate living units and one unit currently vacant and available for showing. The third-floor unit pays its own heat and electric, which can simplify utility responsibility for that portion of the building. The property is described as very well maintained, and recent exterior updates include siding, gutters, and roof improvements completed in 2022, with exterior paint completed in 2018.
The building is located in Cincinnati, Ohio, with a walkable distance to UC and nearby bus service, according to the remarks. Off-street amenities are not specified, but the property notes easy street parking in a quiet area.
For buyers seeking a smaller multifamily structure, this triplex provides three units within a single property, along with the advantage of an immediately showable unit. The reported utility arrangement on the third floor may be of interest to tenants or owners looking to allocate heat and electric to the unit that uses it. With exterior work addressed through 2022 and 2018 improvements, the building presents as a practical option for an income-focused purchase in the 45219 area.
The building is located in Cincinnati, Ohio, with a walkable distance to UC and nearby bus service, according to the remarks. Off-street amenities are not specified, but the property notes easy street parking in a quiet area.
For buyers seeking a smaller multifamily structure, this triplex provides three units within a single property, along with the advantage of an immediately showable unit. The reported utility arrangement on the third floor may be of interest to tenants or owners looking to allocate heat and electric to the unit that uses it. With exterior work addressed through 2022 and 2018 improvements, the building presents as a practical option for an income-focused purchase in the 45219 area.
Key Highlights
- 3‑unit property with 1 unit vacant and ready to show
- Walking distance to UC and bus service
- 3rd‑floor unit pays its own heat and electric
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
NOI $20,905 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$264.8K
$231.7K – $309.0K
NOI $18,538 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex with one vacant unit for showing and updated exterior systems, including 2022 roof, siding, and gutters.
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: 3‑unit property with 1 unit vacant and ready to show; Walking distance to UC and bus service; 3rd‑floor unit pays its own heat and electric
