Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3956 Hazel Avenue Norwood, OH 45212

    View on Map
    Picture of Duplexes at 3956 Hazel Avenue, Norwood, OH
    Pending
    $250,000

    MULTI_FAMILY - Norwood, OH

    Property size:
    3,565 SF
    Lot size:
    0.17 Acres
    Added:
    Mar 8, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 3956 Hazel Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street, Driveway
    Window features
    Vinyl Frames
    Fireplace
    1
    Standard status
    Pending
    APN
    651-0039-0344-00
    Size
    3,565 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1906
    Floors in Building
    3
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Norman Harm

    Listing agent Norman Harm

    Listing office Keller Williams Advisors 2101 Grandin Road, Ste. B, Cincinnati, OH

    Listing date Mar 8, 2026

    MLS# 1870937

    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.

    Overview

    Norwood Multifamily Property For Sale

    This multifamily property is located in Norwood, Ohio. The property has a size of 3565 square feet and a lot size of 0.173 acres. It was sold before being formally listed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4518
    Latitude
    39.1636

    Nearby Similar for Sale

    • $345,000
      2,573 SF

      Norwood Multifamily Property Near Xavier

      Two-unit building near Xavier University, ideal for investors or owner-occupants.
      2119 Slane Avenue, Norwood, OH 45212
      View Details
    • $315,000
      2,385 SF

      Norwood Multifamily Property Near Amenities

      Two-unit property in Norwood near schools, parks, and recreation.
      3 Baker Circle, Norwood, OH 45212
      View Details
    • $399,900
      3,231 SF

      Renovated Multi-Family with Garage

      Updated units, central location, and desirable features.
      2421 Drex Avenue, Norwood, OH 45212
      View Details
    • $245,000
      1,701 SF

      Norwood Duplex Investment Opportunity

      Duplex in Norwood with rental income potential.
      2446 Duck Creek Road, Norwood, OH 45212
      View Details
    • $245,000
      2,381 SF

      Norwood Duplex with Value-Add Potential

      2381 sqft duplex with below-market rents and expansion potential.
      1907 Crown Avenue, Norwood, OH 45212
      View Details
    • $575,000
      4,070 SF

      Multifamily Investment Opportunity in Cincinnati

      9-unit multifamily property with renovated units and upside potential.
      5206 Montgomery Road, Norwood, OH 45212
      View Details
    • $1,150,000

      Central Cincinnati Location Office Building

      Office building in central Cincinnati with unique architectural features.
      2216 Norwood Ave, Norwood, OH
      View Details
    • $150,000
      2,480 SF

      Norwood Multifamily Property with Garage

      Two-family property in Norwood, Ohio, with garage and parking pad.
      5309 Carthage Avenue, Norwood, OH 45212
      View Details
    • $222,640

      Norwood Multifamily Property For Sale

      Multifamily property in Norwood, Ohio, sold before sent.
      4308 Carter Avenue, Norwood, OH 45212
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Norwood, Ohio, sold before listed.
    Where is this duplex located?
    The property is located at 3956 Hazel Avenue Norwood, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Fireplace for cozy evenings; Natural gas heating for efficient warmth; Driveway parking, plus on street parking available
    (513) 766-9200
    We can help!
    Listing Contact
    Norman Harm
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!