Duplex with Porch and
For Sale
$249,500
Pending
5323 Rolston Avenue, Norwood, OH 45212
Residential Income, Norwood, OH
Property Size1,376 SF
Lot Size0.08 Acres
Days on Market52
Property Features for 5323 Rolston Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
Patio and Porch features
Porch, Deck
Exterior features
Deck, Porch, Balcony
View
City
High school district
Norwood City SD
Directions
Montgomery Road, turn right on Ross, turn right on Rolston
Subdivision
Hamilton-E02
Standard status
Pending
APN
651-0005-0073-00
Size
1,376 SF
Lot size
0.08 Acres
Utilities
Heating system
Natural Gas
Amenities
covered front porch
second-story balcony
original hardwood floors
rich wood trim
tall ceilings
Building Details
Year built
1924
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
RE/MAX Preferred Group · RE/MAX International
(513) 474-6767
Listed By:
Kelley Reinecke · License #SAL.2019007634
(513) 533-4111
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 23 at 7:06PM
MLS# 1885467
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 duplex contains 1,376 square feet on a 0.076-acre lot and was built in 1924. The interior retains original hardwood flooring, wood trim, high ceilings, and substantial natural light, with living and dining areas that provide adaptable common space. Generously sized bedrooms add functional residential space across the two units. Exterior features include a covered porch, deck, and second-story balcony, while vinyl siding, a shingle roof, natural-gas heat, and on-street parking complete the property profile.
The property is approximately 10 minutes from downtown and is near parks, shopping, dining, and major highways. It is located at 5323 Rolston Avenue in Norwood, Ohio.
The property is approximately 10 minutes from downtown and is near parks, shopping, dining, and major highways. It is located at 5323 Rolston Avenue in Norwood, Ohio.
Key Highlights
- Two‑unit property offering 1,376 square feet of residential space
- 0.076‑acre lot with a 1924 construction date
- Covered porch, deck, and second‑story balcony
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
$12,983
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
5.20%
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%
$259,660
$259.7K
Cap Rate 7%
$185,471
$185.5K
Cap Rate 9%
$144,256
$144.3K
Market Conditions
NOI Build-Up for 1,376 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
$19.6K $14.28/SF
− Vacancy
−$1.1K −$0.80/SF
EGI
$18.5K $13.48/SF
− OpEx
−$5.6K −$4.04/SF
NOI
$13.0K $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%
$259,660
Cap Rate 7%
$185,471
Cap Rate 9%
$144,256
Alternative Uses
Best Use
Multifamily LT 5
$185.5K
$162.3K – $216.4K
NOI $12,983 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$169.7K
$148.5K – $198.0K
NOI $11,879 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$246.7K
$215.9K – $287.8K
NOI $17,268 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with hardwood floors, tall ceilings, and flexible living and dining areas.
Where is this duplex located?
The property is located at 5323 Rolston Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Two‑unit property offering 1,376 square feet of residential space; 0.076‑acre lot with a 1924 construction date; Covered porch, deck, and second‑story balcony
