Oakley Triplex Investment
4116 Ballard Avenue Cincinnati, OH 45209
For Sale
$595,000
Pending
MULTI_FAMILY - Cincinnati, OH
Property Size3,025 SF
Lot Size0.42 Acres
Days on Market92
Property Features for 4116 Ballard Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Standard status
- Pending
- APN
- 050-0005-0057-00
- Size
- 3,025 SF
- Lot size
- 0.42 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1908
- Number of units
- 3
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing Agency:
Keller Williams Pinnacle Group
(513) 277-0996
Listed By:
Haider Raad
(513) 277-0996
Added: Apr 24
Changed: Jul 9
Last Checked: Jul 24 at 8:06AM
MLS# 1876683
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 meticulously maintained triplex is located in one of Cincinnati's sought-after neighborhoods. Situated on a large 0.423-acre lot with fresh paint and vinyl siding, this property offers an investment opportunity in the heart of Oakley. The property is a short distance from Oakley Square, Hyde Park Plaza, and local shops, breweries, and restaurants. The property contains 3025 square feet. Each unit is well-appointed, ensuring immediate returns in a high-demand rental market. Units 1 and 2 are occupied, and Unit 3 is month to month. This property is suitable for investors or owner-occupants looking to generate passive income.
Key Highlights
- Triplex built in 1908 with wood siding and a shingle roof
- Natural gas forced‑air heating
- Deck on the property (deck/patio feature noted)
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 | $38.5k | $12.72 |
| − Vacancy | −$2.3k | −$0.75 |
| EGI | $36.2k | $11.97 |
| − OpEx | −$10.9k | −$3.59 |
| NOI | $25.3k | $8.38 |
3,025 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.1K
$316.8K – $422.4K
NOI $25,345 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$321.1K
$280.9K – $374.6K
NOI $22,475 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$601.3K
$526.2K – $701.6K
NOI $42,093 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Meticulously maintained triplex in Cincinnati's desirable Oakley neighborhood.
Where is this triplex located?
The property is located at 4116 Ballard Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Triplex built in 1908 with wood siding and a shingle roof; Natural gas forced‑air heating; Deck on the property (deck/patio feature noted)
