1895 Duplex with Two-Car
2523 Moorman Avenue Cincinnati, OH 45206
New
For Sale
$549,000
MULTI_FAMILY - Cincinnati, OH
Property Size4,300 SF
Lot Size0.16 Acres
Price / SF$127.67
Days on Market3
Property Features for 2523 Moorman Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Window features
- Wood Frames
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Fireplace
- 1
- Standard status
- Active
- APN
- 062-0002-0126-00
- Size
- 4,300 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1895
- Number of units
- 2
- Building materials
- Brick, Wood Siding
- Roof type
- Slate
Listing Agency:
Ken Perry Realty, Inc.
(859) 442-6800
Listed By:
Gabrielle Hodge
(859) 240-8229
Added: Jul 24
Last Checked: Jul 26 at 9:06AM
MLS# 1887079
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 1895 duplex at 2523 Moorman Avenue in Cincinnati offers two units with approximately 4,300 square feet of living space. The configuration includes five bedrooms and five baths total, with a flex room/office in the upper unit. The lower unit features a spacious rear deck, while the upper unit spans two floors and includes a 20-foot primary bedroom. Both units have in-unit laundry. The property has had no vacancies for the past five years.
The duplex sits on Moorman Avenue and is described as being about two blocks from Woodburn Avenue and DeSales Corner, with access to nearby shops, restaurants, galleries, and ETC Produce within a short walk.
Additional improvements include an extended driveway and a two-car garage. The property is being sold AS-IS, WHERE IS.
The duplex sits on Moorman Avenue and is described as being about two blocks from Woodburn Avenue and DeSales Corner, with access to nearby shops, restaurants, galleries, and ETC Produce within a short walk.
Additional improvements include an extended driveway and a two-car garage. The property is being sold AS-IS, WHERE IS.
Key Highlights
- Built in 1895 brick and wood siding duplex with slate roof
- Two units with approx. 4,300 SF total, 5 bedrooms and 5 baths plus a flex room/office in upper unit
- Upper unit spans two floors with a 20‑foot primary bedroom
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 | $54.7k | $12.72 |
| − Vacancy | −$3.2k | −$0.75 |
| EGI | $51.5k | $11.97 |
| − OpEx | −$15.4k | −$3.59 |
| NOI | $36.0k | $8.38 |
4,300 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$514.7K
$450.4K – $600.5K
NOI $36,028 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$456.4K
$399.4K – $532.5K
NOI $31,949 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$854.8K
$747.9K – $997.3K
NOI $59,835 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with in-unit laundry, rear deck, and a rare two-car garage on an extended driveway.
Where is this duplex located?
The property is located at 2523 Moorman Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Built in 1895 brick and wood siding duplex with slate roof; Two units with approx. 4,300 SF total, 5 bedrooms and 5 baths plus a flex room/office in upper unit; Upper unit spans two floors with a 20‑foot primary bedroom
