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    The Largest CRE Database in the US with Over 1 Million Listings

    6217 Erie Ave Cincinnati, OH 45227

    Sponsored
    For Sale
    Pending
    $575,000

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    5,800 SF
    Lot size:
    0.25 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 30 at 1:06 pm

    Property Features for 6217 Erie Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Window features
    Vinyl Frames, Wood Frames
    APN
    036-0004-0236-00
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    220 Volt
    Exterior features
    Porch
    Fireplace
    1
    Size
    5,800 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1907
    Floors in Building
    3
    Number of units
    3
    Building materials
    Stucco, Brick
    Roof type
    Tile

    We can help!

    Listing Contact
    Sarah Ford

    eXp Realty (866) 212-4991

    Listing agent Sarah Ford

    Listing date Jan 19, 2026

    MLS# 1865760 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Historic 1907 Cincinnati Brick Estate

    This historic brick estate, constructed in 1907, is located in Madisonville and offers approximately 5,800 square feet of space. The property is suitable for either an owner-occupant or an investor. Architectural details include copper-lined box gutters, a restored front porch roof, and a professionally serviced chimney. The interior features refinished hardwood floors across all three levels. Significant updates have been made, including whole-house tuckpointing completed in 2024, third-floor windows updated in 2020 and planned for 2025, a rebuilt second-floor back porch planned for 2025, and three fully remodeled kitchens completed in 2020. Additional improvements include a new second-floor water heater installed in 2024, updated soffits planned for 2025, and professional landscaping planned for 2025. The property is conveniently located minutes from I-71, Route 50, and the Norwood Lateral, approximately 15 minutes from downtown Cincinnati, and within walking distance of Mad Llama Coffee and the Madisonville business district. The lot size is 0.25 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.388802
    Latitude
    39.157482

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    FAQs

    What type of property is this?
    Triplex - Versatile 5,800 sq ft property with modern updates near downtown.
    Where is this triplex located?
    The property is located at 6217 Erie Ave Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Historic 1907 brick estate with nearly 5,800 sq ft in Madisonville.; - Three fully remodeled kitchens (2020).; - Significant recent updates: whole-house tuckpointing (2024), 3rd floor windows (2020/2025), rebuilt 2nd floor back porch (2025).
    (866) 212-4991
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    6217 Erie Ave Cincinnati, OH 45227
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    Cincinnati, OH 45227
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    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
    6217 Erie Ave Cincinnati, OH 45227
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    We can help!
    Listing Contact
    Sarah Ford
    (866) 212-4991
    Learn more
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