Two-Unit Brick
For Sale
$329,900
26 Juergens Avenue, Cincinnati, OH 45220
Residential Income, Cincinnati, OH
Property Size2,611 SF
Price / SF$126.35
Days on Market195
Property Features for 26 Juergens Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Driveway
Window features
Wood Frames, Vinyl Frames
Patio and Porch features
Porch
Exterior features
Porch
Fireplace
1
High school district
Cincinnati City SD
Directions
Vine Street to Juergens
Subdivision
Hamilton-E01
Standard status
Active
APN
217-0053-0029-00
Size
2,611 SF
Utilities
Heating system
Forced Air, Natural Gas
Amenities
on-site laundry
backyard
Building Details
Year built
1914
Number of units
2
Building materials
Brick
Roof type
Slate
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Shelley Helton
(866) 212-4991
Added: Feb 16
Changed: Aug 29
Last Checked: Aug 30 at 12:06AM
MLS# 1868413
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 2,611-square-foot duplex contains two distinct residential units within a brick building constructed in 1914. The larger unit is vacant and includes five bedrooms and two full bathrooms, while the second unit has two bedrooms and one bathroom and is tenant occupied. Both residences feature oversized family rooms, substantial kitchen areas, and generous bedroom dimensions. On-site laundry, a backyard, porch, fireplace, and driveway parking add practical utility, with parking available for up to three vehicles.
The property is located within 1 mile of the University of Cincinnati and Xavier University, with nearby medical centers, access to downtown Cincinnati, and highway connectivity. Recent exterior work includes a new roof, sealed gutters, and completed front porch roofs. Heating is provided by forced air using natural gas, and the roof is slate.
The property is located within 1 mile of the University of Cincinnati and Xavier University, with nearby medical centers, access to downtown Cincinnati, and highway connectivity. Recent exterior work includes a new roof, sealed gutters, and completed front porch roofs. Heating is provided by forced air using natural gas, and the roof is slate.
Key Highlights
- 2,611 SF duplex with two separate residential units
- Vacant 5‑bedroom, 2‑full‑bath unit
- Tenant‑occupied 2‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,877
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,540
$437.5K
Cap Rate 7%
$312,529
$312.5K
Cap Rate 9%
$243,078
$243.1K
Market Conditions
NOI Build-Up for 2,611 SF
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.
Gross rent
$33.2K $12.72/SF
− Vacancy
−$2.0K −$0.75/SF
EGI
$31.3K $11.97/SF
− OpEx
−$9.4K −$3.59/SF
NOI
$21.9K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,540
Cap Rate 7%
$312,529
Cap Rate 9%
$243,078
Alternative Uses
Best Use
Multifamily LT 5
$312.5K
$273.5K – $364.6K
NOI $21,877 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,399 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$519.0K
$454.2K – $605.5K
NOI $36,332 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 45220, OH
15,466
Population
7,400
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
5,333
Density / Sq Mi
$51,404
Median Household Income
$26,866
Median Earnings
$954
Median Rent
$385,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate layouts, on-site laundry, backyard space, and off-street parking near Cincinnati universities.
Where is this duplex located?
The property is located at 26 Juergens Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2,611 SF duplex with two separate residential units; Vacant 5‑bedroom, 2‑full‑bath unit; Tenant‑occupied 2‑bedroom, 1‑bath unit
