Updated
For Sale
$365,000
Pending
5627 Bramble Avenue, Cincinnati, OH 45227
Residential Income, Cincinnati, OH
Property Size2,270 SF
Lot Size0.17 Acres
Days on Market50
Property Features for 5627 Bramble Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Driveway, On Street
Window features
Vinyl Frames
Fireplace
1
High school district
Cincinnati City SD
Directions
East on Erie, South on Bramble
Subdivision
Hamilton-E04
Standard status
Pending
APN
036-0006-0104-00
Size
2,270 SF
Lot size
0.17 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1900
Number of units
2
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Angela Quebman
(812) 498-2379
Added: Jul 17
Changed: Sep 3
Last Checked: Sep 4 at 9:06PM
MLS# 1887319
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 wood-sided duplex, built in 1900, contains 2,270 square feet on a 0.171-acre lot. Recent work includes a furnace and central air installed within the last 4 years, window units serving the upper floor, and replacement windows completed in 2022. The first floor also has a new plumbing stack, subfloor, and vinyl plank flooring. Gutters have been sealed and painted, and the property includes a shingle roof, forced-air natural gas heat, a fireplace, garage parking, a driveway, and on-street parking.
Both occupants are on month-to-month arrangements. A property tax abatement remains in effect through taxes payable 2036. The property is located on Bramble Avenue in Cincinnati’s Madisonville area, within ZIP Code 45227.
Both occupants are on month-to-month arrangements. A property tax abatement remains in effect through taxes payable 2036. The property is located on Bramble Avenue in Cincinnati’s Madisonville area, within ZIP Code 45227.
Key Highlights
- 2,270‑square‑foot duplex on a 0.171‑acre lot
- Furnace and central air installed within the last 4 years
- All new windows completed in 2022
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
$19,020
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
5.21%
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%
$380,400
$380.4K
Cap Rate 7%
$271,714
$271.7K
Cap Rate 9%
$211,333
$211.3K
Market Conditions
NOI Build-Up for 2,270 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
$28.9K $12.72/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$27.2K $11.97/SF
− OpEx
−$8.2K −$3.59/SF
NOI
$19.0K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /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%
$380,400
Cap Rate 7%
$271,714
Cap Rate 9%
$211,333
Alternative Uses
Best Use
Multifamily LT 5
$271.7K
$237.8K – $317.0K
NOI $19,020 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.1K
NOI $16,866 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$451.2K
$394.8K – $526.5K
NOI $31,587 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 45227, OH
18,427
Population
9,425
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
94%
High-School Grad
5.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$70,614
Median Household Income
$50,011
Median Earnings
$1,220
Median Rent
$256,400
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 recent mechanical, window, flooring, and plumbing improvements in Madisonville.
Where is this duplex located?
The property is located at 5627 Bramble Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,270‑square‑foot duplex on a 0.171‑acre lot; Furnace and central air installed within the last 4 years; All new windows completed in 2022
