308 W McMicken Avenue, Cincinnati, OH 45214
- Added:
- Mar 26, 2026
- Days on Market:
- 77
- Last Refresh:
- Jun 10 at 12:06 am
Property Features for 308 W McMicken Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Off Street
- Window features
- Wood Frames, Vinyl Frames
- Patio and Porch features
- Patio
- Exterior features
- Patio, Privacy Fence, Fire Escape
- Fencing
- Privacy
- Standard status
- Pending
- APN
- 096-0004-0128-00
- Size
- 2,970 SF
- Lot size
- 0.10 Acres
Utilities
- Heating system
- Electric (Heating), Baseboard, Forced Air
Building Details
- Year built
- 1865
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Membrane
Listing agent Matthew Wielgos (513) 378-4663
Listing office Plum Tree Realty 9078 Union Centre Blvd Ste 350, West Chester, OH (513) 443-5060
Listing date Mar 26, 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.
HighLights
- Brick multi‑level building built in 1865 with membrane roof
- Currently configured as 3 units; 2nd and 3rd floors are finished and occupied
- 1st floor and attic offer space for renovation and reconfiguration (attic potential to add/expand units)
- Includes an adjacent parcel at 310 W McMicken with a gated concrete parking lot and off‑street parking
- Outdoor features include a patio and privacy fence; also has a fire escape
- Heating includes electric with baseboard and forced‑air systems; sold as‑is
Overview
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 | $37.8k | $12.72 |
| − Vacancy | −$2.2k | −$0.75 |
| EGI | $35.5k | $11.97 |
| − OpEx | −$10.7k | −$3.59 |
| NOI | $24.9k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.525236
- Latitude
- 39.120761
