3-Unit Brick
For Sale
$679,000
846 Lincoln Avenue, Cincinnati, OH 45206
Residential Income, Cincinnati, OH
Property Size5,198 SF
Lot Size0.09 Acres
Price / SF$130.63
Days on Market50
Property Features for 846 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Vinyl Frames
Fireplace
1
High school district
Cincinnati City SD
Directions
From I-71, take the Wm H Taft Rd exit to Gilbert Ave, then to Lincoln Ave. Property is just west of Gilbert in Walnut Hills.
Subdivision
Hamilton-E01
Standard status
Active
APN
065-0002-0090-00
Size
5,198 SF
Lot size
0.09 Acres
Utilities
Heating system
Forced Air
Amenities
hot tub
sauna
Building Details
Year built
1886
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Troy Kutcha · License #2024000279
(513) 378-4663
Added: Aug 18
Changed: Sep 22
Last Checked: Oct 6 at 11:06PM
MLS# 1890926
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.
Built in 1886, this 5,198-square-foot brick triplex combines period detailing with a three-part residential layout. The primary residence includes 5 bedrooms, 3 full baths, and 1 half bath, while an upper-level apartment provides 2 bedrooms and 1 bath. A separate efficiency completes the configuration. Interior features include hardwood flooring, wainscoting, decorative tilework, high ceilings, a fireplace, hot tub, sauna, and forced-air heating.
The property is located at 846 Lincoln Avenue in Cincinnati’s Walnut Hills neighborhood, with access to downtown, OTR, Eden Park, and I-71. It is currently operated as an Airbnb and can function as one larger group accommodation or as three separate living and income-producing spaces.
The property is located at 846 Lincoln Avenue in Cincinnati’s Walnut Hills neighborhood, with access to downtown, OTR, Eden Park, and I-71. It is currently operated as an Airbnb and can function as one larger group accommodation or as three separate living and income-producing spaces.
Key Highlights
- 5,198 SF brick triplex built in 1886
- Main residence with 5 bedrooms, 3 full baths, and 1 half bath
- Upper‑level unit offers 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,552
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,040
$871.0K
Cap Rate 7%
$622,171
$622.2K
Cap Rate 9%
$483,911
$483.9K
Market Conditions
NOI Build-Up for 5,198 SF
Gross rent
$66.1K $12.72/SF
− Vacancy
−$3.9K −$0.75/SF
EGI
$62.2K $11.97/SF
− OpEx
−$18.7K −$3.59/SF
NOI
$43.6K $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 Rate 5%
$871,040
Cap Rate 7%
$622,171
Cap Rate 9%
$483,911
Alternative Uses
Best Use
Multifamily LT 5
$622.2K
$544.4K – $725.9K
NOI $43,552 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$551.7K
$482.8K – $643.7K
NOI $38,621 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.03M
$904.1K – $1.21M
NOI $72,330 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living spaces offer flexible occupancy and income-use options in a character-filled Cincinnati property.
Where is this triplex located?
The property is located at 846 Lincoln Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 5,198 SF brick triplex built in 1886; Main residence with 5 bedrooms, 3 full baths, and 1 half bath; Upper‑level unit offers 2 bedrooms and 1 bath
