Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    809 S Fred Shuttlesworth Cir Cincinnati, OH 45229

    View on Map
    Sponsored
    For Sale
    $549,000

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    3,713 SF
    Lot size:
    0.17 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 25 at 4:06 am

    Property Features for 809 S Fred Shuttlesworth Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Wood Frames, Aluminum Frames, Vinyl Frames
    APN
    108-0004-0032-00
    Fireplace
    1
    Size
    3,713 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    8
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    John Mcgrath

    Home Information Network, Inc., 513-793-3999

    Listing agent John Mcgrath

    Listing date Mar 24, 2026

    MLS# 1872295

    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

    Cincinnati Multifamily Investment Opportunity

    This investment opportunity features two adjacent multifamily properties, totaling eight units, available for purchase together. The properties are offered at a price point of approximately $69,000 per door. This offering presents significant potential for a stable multi-family investment. Tenants are responsible for covering the costs of heat, unit gas, and electric utilities. The owner is responsible for water, sewer, and trash expenses. The properties are located in Cincinnati, OH, within the 45229 postal code area, situated in Hamilton County. The combined lot size is 0.173 acres, with a total property size of 3713 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.486421
    Latitude
    39.149913

    Nearby Similar for Sale

    • $940,000
      12,020 SF

      Spacious Office Building with Parking

      Over 10,000 SF office building with private parking.
      3751 Warsaw Ave, Cincinnati, OH 45205
      View Details
    • New
      $450,000
      0.47 Acres

      Iconic Cincinnati Commercial Property

      Character-filled space ideal for restaurant, bar, or hospitality concept.
      6332 Gracely Dr, Cincinnati, OH 45233
      View Details
    • New
      $439,000
      1,856 SF

      Office Space in Anderson Twp

      Office suite with 8 offices in prime Anderson Township location.
      7655 5 Mile Rd, Anderson Twp, OH 45230
      View Details
    • Contact for pricing
      3,315 SF

      Kemper Hill Office Suite

      Office suite in Kemper Hill Office Park available for sale.
      6310 E Kemper Rd, Cincinnati, OH 45241
      View Details
    • $1,399,000
      10,032 SF

      Two-Story Commercial Space in Oakley

      Well-kept commercial building in Oakley with move-in-ready office space.
      3927 Brotherton Rd, Cincinnati, OH 45209
      View Details
    • New
      Contact for pricing
      10,788 SF

      Office Suites in St Bernard

      Small office suites available in St Bernard, Ohio.
      4903 Vine St, Cincinnati, OH 45217
      View Details
    • Contact for pricing
      3,860 SF

      Commercial Space Near Convention Center

      Flexible commercial space with potential for multi-tiered hospitality experience.
      126 W 6Th St, Cincinnati, OH 45202
      View Details
    • New
      Contact for pricing
      10,788 SF

      Office Suite in St Bernard

      2,000 SF office suite in a convenient location.
      4903 Vine St, Cincinnati, OH 45217
      View Details
    • $699,000
      0.22 Acres

      Mixed-Use Property with Bar Included

      Mixed-use property with bar, apartments, barber shop, and office.
      3095 Glenmore Ave, Cincinnati, OH 45238
      View Details
    • New
      $679,000
      4,099 SF

      Mixed-Use Investment in Walnut Hills

      Turnkey investment opportunity with recent renovations and diverse income streams.
      2340 Laredo Ave, Cincinnati, OH 45206
      View Details
    • New
      $469,900
      2,724 SF

      Turnkey Duplex with Rental Potential

      Renovated duplex with income potential in Cincinnati, Ohio.
      2232 Kemper Ln, Cincinnati, OH 45206
      View Details
    • New
      Contact for pricing
      1,350 SF

      Retail Space Across Columbia Square

      Retail space with high visibility and plentiful parking available for sale.
      3540 Columbia Pkwy, Cincinnati, OH 45226
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two adjacent multifamily properties with eight units total for sale.
    Where is this apartment building located?
    The property is located at 809 S Fred Shuttlesworth Cir Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Priced to sell at approximately $69,000 per door.; - New investment opportunity with 8 total units.; - Two adjacent properties to be purchased together.
    (917) 568-5664
    Request Owner's contact information
    809 S Fred Shuttlesworth Cir Cincinnati, OH 45229
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    809 S Fred Shuttlesworth Cir
    Cincinnati, OH 45229
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    809 S Fred Shuttlesworth Cir Cincinnati, OH 45229
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Mcgrath
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!