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Two-Unit Duplex with Triplex Potential
For Sale
$60,000
Pending

693 Gholson Avenue, Cincinnati, OH 45229

Residential Income, Cincinnati, OH

Property Size3,867 SF
Lot Size0.47 Acres
Days on Market78

Property Features for 693 Gholson Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Driveway
Fireplace 1
High school district Cincinnati City SD
Directions 71hwy, west on Martin Luther King Dr, right on Reading Rd, left on Gholson
Subdivision Hamilton-E01
Standard status Pending
APN 112-0005-0004-00
Size 3,867 SF
Lot size 0.47 Acres

Utilities

Heating system Natural Gas, Forced Air

Building Details

Year built 1870
Number of units 2
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Keller Williams Advisors · Keller Williams Realty
Listed By: Carol Dominguez
Added: Jun 13 Changed: Aug 19 Last Checked: Aug 29 at 2:06PM
MLS# 1883093

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.

Located at 693 Gholson Avenue, this 3,867-square-foot duplex contains two existing residential units. The first-floor residence has 3 bedrooms and 1 bathroom, while the second unit occupies two floors and includes 5-6 bedrooms with 2 bathrooms. The property also includes a third-floor area identified for conversion into a 2-bedroom, 1-bathroom unit with the addition of a kitchen.

Built in 1870 on 0.47 acres, the property features vinyl siding, a shingle roof, natural gas forced-air heating, a fireplace, and driveway parking. Part of the building sustained significant fire damage, and updates are required to meet City code standards. The property is offered cash only and in as-is condition. Its Cincinnati location is described as minutes from the zoo, the University of Cincinnati, and downtown.

Key Highlights

  • Two existing units: 3 bedrooms/1 bathroom and 5‑6 bedrooms/2 bathrooms
  • 3,867 square feet on a 0.47‑acre lot
  • Third‑floor area identified for a 2‑bedroom, 1‑bathroom unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Auto Parts Store Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,263
Businesses Nearby

Demographics for 45229, OH

12,540
Population
7,813
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
2.7 sq mi
ZIP Area
4,644
Density / Sq Mi
$30,829
Median Household Income
$25,772
Median Earnings
$831
Median Rent
$316,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two existing residences include a three-bedroom unit and a larger two-level layout.
Where is this duplex located?
The property is located at 693 Gholson Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Two existing units: 3 bedrooms/1 bathroom and 5‑6 bedrooms/2 bathrooms; 3,867 square feet on a 0.47‑acre lot; Third‑floor area identified for a 2‑bedroom, 1‑bathroom unit
More about this property
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