Updated Triplex Near
378 Howell Avenue Cincinnati, OH 45220
For Sale
$455,000
MULTI_FAMILY - Cincinnati, OH
Property Size3,094 SF
Price / SF$147.06
Days on Market219
Property Features for 378 Howell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Off Street
Window features
Wood Frames
Patio and Porch features
Porch, Patio
Exterior features
Patio, Porch, Balcony, Wood Fence
Fencing
Wood
Fireplace
1
Standard status
Active
APN
214-0005-0099-00
Size
3,094 SF
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1905
Number of units
3
Building materials
Stone, Brick
Roof type
Shingle
Listing Agency:
TREO REALTORS
(513) 731-8736
Listed By:
Kent Maupin
(513) 225-1790
Added: Dec 23, 2025
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 1864922
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 move-in-ready triplex features numerous updates and timeless charm. The property has been refreshed with thoughtful improvements, including stunning hardwood floors throughout. Located near the hospital and the University of Cincinnati, this property is suitable for house hacking or as an addition to an investment portfolio. The property is located in Cincinnati, OH, in the 45220 ZIP code, and Hamilton County. The property has a size of 3094 square feet.
Key Highlights
- Triplex with timeless exterior materials including stone and brick, plus a shingle roof
- Year built 1905 with fireplace and hardwood floors reported throughout
- Multiple outdoor spaces including porch, patio, balcony, and a wood fence
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 | $39.4k | $12.72 |
| − Vacancy | −$2.3k | −$0.75 |
| EGI | $37.0k | $11.97 |
| − OpEx | −$11.1k | −$3.59 |
| NOI | $25.9k | $8.38 |
3,094 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.1K – $432.1K
NOI $25,924 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.1K
NOI $22,988 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$615.0K
$538.2K – $717.6K
NOI $43,053 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Move-in-ready triplex near hospital and University of Cincinnati.
Where is this triplex located?
The property is located at 378 Howell Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Triplex with timeless exterior materials including stone and brick, plus a shingle roof; Year built 1905 with fireplace and hardwood floors reported throughout; Multiple outdoor spaces including porch, patio, balcony, and a wood fence
