Duplex With Tenant-Occupied
549 Prospect Place Cincinnati, OH 45229
For Sale
$199,999
MULTI_FAMILY - Cincinnati, OH
Property Size2,016 SF
Lot Size0.08 Acres
Price / SF$99.21
Days on Market52
Property Features for 549 Prospect Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Driveway
Window features
Wood Frames
Fireplace
1
Standard status
Active
APN
107-0008-0099-00
Size
2,016 SF
Lot size
0.08 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1923
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Advisors
(513) 227-9151
Listed By:
Zondra Brown
(513) 766-9200
Added: Jun 8
Changed: Jul 18
Last Checked: Jul 29 at 7:06AM
MLS# 1880399
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 income property is offered for sale AS IS, WHERE IS. The building is configured as two separate residential units: Side A features 3 bedrooms and 1 full bath, while Side B includes 1 bedroom and 1 full bath and is currently tenant occupied. The property totals 2,016 square feet and sits on a 0.077-acre lot. Parking is available both on and off the street, supporting tenant and visitor access.
The address is 549 Prospect Place in Cincinnati, OH 45229, in Hamilton County. The location is described as centrally positioned, with convenient access to shopping, dining, and commuter routes. The property is also stated to be within 4 miles of two local universities.
For investors seeking a duplex with immediate occupancy, Side B’s current tenant placement can provide rental income from day one, while Side A offers a separate 3-bedroom, 1-bath layout for additional income potential. The seller’s terms limit purchases to cash or conventional financing, and buyers should plan for condition considerations given the AS IS, WHERE IS offering.
The address is 549 Prospect Place in Cincinnati, OH 45229, in Hamilton County. The location is described as centrally positioned, with convenient access to shopping, dining, and commuter routes. The property is also stated to be within 4 miles of two local universities.
For investors seeking a duplex with immediate occupancy, Side B’s current tenant placement can provide rental income from day one, while Side A offers a separate 3-bedroom, 1-bath layout for additional income potential. The seller’s terms limit purchases to cash or conventional financing, and buyers should plan for condition considerations given the AS IS, WHERE IS offering.
Key Highlights
- Duplex built in 1923 with brick exterior, shingle roof, and forced‑air natural gas heating
- Side A: 3 bedrooms and 1 full bath
- Side B: 1 bedroom and 1 full bath, currently tenant occupied
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 | $25.6k | $12.72 |
| − Vacancy | −$1.5k | −$0.75 |
| EGI | $24.1k | $11.97 |
| − OpEx | −$7.2k | −$3.59 |
| NOI | $16.9k | $8.38 |
2,016 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.3K
$211.1K – $281.5K
NOI $16,891 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$214.0K
$187.2K – $249.7K
NOI $14,979 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,053 @ 7.0% cap · market cap 14.03%
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?
Duplex - Duplex offers two rental layouts, including a tenant-occupied 1-bedroom unit, plus on- and off-street parking.
Where is this duplex located?
The property is located at 549 Prospect Place Cincinnati, OH.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Duplex built in 1923 with brick exterior, shingle roof, and forced‑air natural gas heating; Side A: 3 bedrooms and 1 full bath; Side B: 1 bedroom and 1 full bath, currently tenant occupied
