Building Details

Year built 1945

Number of units 2

Building materials Brick

Roof type Shingle

Listing Agency: eXp Realty o***@exprealty.net Show Phone

Listed By: Monika Deroussel · License #BRKA.2019000471 Show Phone

Added: Jun 26 Changed: Aug 20 Last Checked: Aug 28 at 7:06PM

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MLS# 1883011

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 renovated duplex at 3851 Superior Avenue provides 2,146 square feet of residential income property on a 0.131-acre lot. The building dates to 1945 and features brick construction, a shingle roof, forced-air heating, and assigned parking.

The property is located in Silverton, Ohio, within Hamilton County. Its configuration as a duplex offers two residential units within a single renovated building.

Key Highlights

• Renovated duplex with 2,146 square feet
• 0.131‑acre lot at 3851 Superior Avenue
• Brick construction with a shingle roof

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

$20,248

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

4.50%

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%

$404,960 $405.0K

Cap Rate 7%

$289,257 $289.3K

Cap Rate 9%

$224,978 $225.0K

Market Conditions

NOI Build-Up for 2,146 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

$30.6K $14.28/SF

− Vacancy

−$1.7K −$0.80/SF

EGI

$28.9K $13.48/SF

− OpEx

−$8.7K −$4.04/SF

NOI

$20.2K $9.44/SF

Area

Hamilton County, OH

Vacancy

5.61%

Lease Rate

$14.28 /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%

$404,960

Cap Rate 7%

$289,257

Cap Rate 9%

$224,978

Alternative Uses

Best Use

Multifamily LT 5

$289.3K

$253.1K – $337.5K (±1% cap)

NOI $20,248 @ 7.0% cap · market cap 4.50%

Second Best

Apartment 5plus

$264.7K

$231.6K – $308.8K (±1% cap)

NOI $18,526 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$384.7K

$336.6K – $448.9K (±1% cap)

NOI $26,931 @ 7.0% cap · market cap 5.98%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Garden Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

466

Businesses Nearby

Explore this area Business Placement

Demographics for 45236, OH

24,223

Population

12,385

Households

2

Avg Household Size

41

Median Age

51%

College-Educated

95%

High-School Grad

6.9 sq mi

ZIP Area

3,511

Density / Sq Mi

$81,990

Median Household Income

$49,188

Median Earnings

$1,155

Median Rent

$218,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Brick construction includes forced-air heating and assigned parking.

Where is this duplex located?

The property is located at 3851 Superior Avenue Silverton, OH.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Renovated duplex with 2,146 square feet; 0.131‑acre lot at 3851 Superior Avenue; Brick construction with a shingle roof