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    Student Duplex with Parking Title is generated by Realmo AI

    2715 Euclid Avenue, Cincinnati, OH 45219

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    New
    Pending
    $395,000

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    2,902 SF
    Lot size:
    0.12 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 2715 Euclid Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, On Street
    Window features
    Vinyl Frames
    Fireplace
    1
    Standard status
    Pending
    APN
    092-0003-0035-00
    Size
    2,902 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1884
    Number of units
    2
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Michael Tekulve
    Michael Tekulve

    Listing agent Michael Tekulve

    Listing office TREO REALTORS 4680 Cooper Rd, Cincinnati, OH

    Listing date Jun 1, 2026

    MLS# 1881335 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

    • Student duplex with two spacious 3‑bedroom, 1.5‑bath apartments
    • Currently generates $4,590 in gross monthly rental income
    • Leased for the 2026/2027 school year
    • Brick construction with natural gas forced‑air heating
    • Fireplace included; shingle roof
    • Parking for up to six vehicles in the rear, plus off‑street and on‑street parking

    Overview

    This student duplex includes two spacious three-bedroom, one-and-a-half-bathroom apartments, each laid out for practical, tenant-friendly living. The property is currently generating $4,590 in gross monthly rental income and is leased for the 2026/2027 school year.

    Located in Cincinnati, OH (45219) at 2715 Euclid Avenue, the home is described as being four blocks from the University of Cincinnati and two blocks from Short Vine. The rear of the property provides parking for up to six vehicles, supporting convenient day-to-day access for residents.

    For investors or operators seeking a turnkey student rental, this configuration offers two full apartment units within a single duplex structure, already under lease for the upcoming school year. Off-street parking for up to six vehicles adds a practical amenity for tenant convenience, while the existing income provides a defined baseline for operations going into 2026/2027. The property sits on a 0.115-acre lot and includes 2,902 square feet of total building area.

    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 $36.9k $12.72
    − Vacancy −$2.2k −$0.75
    EGI $34.7k $11.97
    − OpEx −$10.4k −$3.59
    NOI $24.3k $8.38
    2,902 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $347.4K
    $303.9K – $405.3K (±1% cap)
    NOI $24,315 @ 7.0% cap · market cap 6.16%
    Second Best
    Apartment 5plus
    $308.0K
    $269.5K – $359.4K (±1% cap)
    NOI $21,562 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Office A
    $576.9K
    $504.8K – $673.0K (±1% cap)
    NOI $40,381 @ 7.0% cap · market cap 10.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.508188
    Latitude
    39.130963

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    FAQs

    What type of property is this?
    Duplex - Two three-bedroom units each with 1.5 baths, currently leased for the 2026–2027 school year.
    Where is this duplex located?
    The property is located at 2715 Euclid Avenue Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Student duplex with two spacious 3‑bedroom, 1.5‑bath apartments; Currently generates $4,590 in gross monthly rental income; Leased for the 2026/2027 school year
    (513) 225-1790
    We can help!
    Listing Contact
    Michael Tekulve
    Michael Tekulve
    Request Owner's contact information
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    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.

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