305 Walnut Street Elmwood Place, OH 45216
MULTI_FAMILY - Elmwood Place, OH
Property Features for 305 Walnut Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Vinyl Frames, Wood Frames
- Fireplace
- 1
- Standard status
- Active
- APN
- 661-0002-0245-00
- Size
- 2,208 SF
- Lot size
- 0.07 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1890
- Number of units
- 3
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Anne Mills (513) 737-6600
Listing office Realty First 25 N D Street, Hamilton, OH (513) 737-6600
Listing date Jun 27, 2026
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.
The property is located on a quiet, non-thru street with easy access to major routes including 75, Reagan Hwy, and the Norwood Lateral.
Reported property updates include a roof that is approximately 4 years old, a furnace for the first-floor unit that is approximately 5 years old, and a furnace for the upper unit that is approximately 8 years old. New carpet has been added in the second-floor unit.
Key Highlights
- Duplex built in 1890 with vinyl siding and shingle roof
- 1st‑floor unit: 2 bedrooms, 1 full bath; front and rear entrances; washer/dryer hookups
- Upper unit spans 2nd and 3rd floors: 3 bedrooms, 1 full bath; washer/dryer hookups
Local Financial Insights For Apartment 5plus
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 | $36.8k | $16.68 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $34.7k | $15.70 |
| − OpEx | −$15.6k | −$7.06 |
| NOI | $19.1k | $8.63 |
