Triplex with Separate
For Sale
$585,000
Pending
2733 Stratford Avenue, Cincinnati, OH 45220
Residential Income, Cincinnati, OH
Property Size3,514 SF
Lot Size0.16 Acres
Days on Market45
Property Features for 2733 Stratford Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Garage, Off Street
Window features
Wood Frames
Patio and Porch features
Porch
Exterior features
Porch, Balcony
High school district
Cincinnati City SD
Directions
Clifton Ave to Joselin Ave., Left on Stratford
Subdivision
Hamilton-E01
Standard status
Pending
APN
101-0006-0124-00
Size
3,514 SF
Lot size
0.16 Acres
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1930
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
Home Information Network, Inc.
(513) 793-3999
Listed By:
Mark Mcgrath
(513) 793-3999
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 26 at 8:06PM
MLS# 1886844
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 triplex at 2733 Stratford Avenue offers three residential units, and each unit has two bedrooms with separate utilities. The property features brick exterior construction, shingle roofing, and off-street parking with a garage and driveway. Exterior amenities include a porch and balcony.
Built in 1930, the home is heated with hot water and natural gas. The property is fully leased through July 2027, with each unit currently occupied.
With its three-unit configuration and individual utility setups, this is a straightforward option for an owner seeking a managed, income-generating multifamily asset with an established occupancy timeline.
Built in 1930, the home is heated with hot water and natural gas. The property is fully leased through July 2027, with each unit currently occupied.
With its three-unit configuration and individual utility setups, this is a straightforward option for an owner seeking a managed, income-generating multifamily asset with an established occupancy timeline.
Key Highlights
- Three‑unit triplex with two bedrooms per unit
- Each unit has separate utilities
- Fully leased through July 2027
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
$29,443
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
5.03%
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%
$588,860
$588.9K
Cap Rate 7%
$420,614
$420.6K
Cap Rate 9%
$327,144
$327.1K
Market Conditions
NOI Build-Up for 3,514 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
$44.7K $12.72/SF
− Vacancy
−$2.6K −$0.75/SF
EGI
$42.1K $11.97/SF
− OpEx
−$12.6K −$3.59/SF
NOI
$29.4K $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%
$588,860
Cap Rate 7%
$420,614
Cap Rate 9%
$327,144
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,109 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$698.5K
$611.2K – $815.0K
NOI $48,897 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,800
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex with separate utilities, off-street parking, and porch/balcony features, fully leased through July 2027.
Where is this triplex located?
The property is located at 2733 Stratford Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three‑unit triplex with two bedrooms per unit; Each unit has separate utilities; Fully leased through July 2027
