Two-Unit Duplex with Hardwood
New
For Sale
$160,000
1013 Rapid Avenue, Cincinnati, OH 45205
A full basement, front porch, and private backyard complement two rental units with distinct bedroom layouts.
Property Size1,656 SF
Days on Market4
Property Features for 1013 Rapid Avenue
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
With a little TLC
Site & Location
Neighborhood
East Price Hill
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
hardwood floors
full basement
front porch
private backyard
Building Details
Building Size
1,656 SF
Year Built
1925
Listing Agency:
Keller Williams Seven Hills Re
Listed By:
Leticia Martinez
(513) 304-5592
Source:
Trulyremarkableservice.kw
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Seven Hills Re
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Investment Insights
Based on property information with market context.
This duplex contains two residences: one with a bedroom and full bath, and another with two bedrooms and a full bath. Hardwood flooring extends through the main living areas, and a full basement offers storage space. The property was built in 1925 and includes a front porch and private backyard.
Located at 1013 Rapid Avenue in Cincinnati, the property has a one-bedroom unit and a two-bedroom unit, each with one bathroom.
Located at 1013 Rapid Avenue in Cincinnati, the property has a one-bedroom unit and a two-bedroom unit, each with one bathroom.
Key Highlights
- Two units: one 1‑bedroom, 1‑bath and one 2‑bedroom, 1‑bath
- Built in 1925
- Hardwood floors in main living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,875
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,500
$277.5K
Cap Rate 7%
$198,214
$198.2K
Cap Rate 9%
$154,167
$154.2K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$21.1K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$19.8K $11.97/SF
− OpEx
−$5.9K −$3.59/SF
NOI
$13.9K $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%
$277,500
Cap Rate 7%
$198,214
Cap Rate 9%
$154,167
Alternative Uses
Best Use
Multifamily LT 5
$198.2K
$173.4K – $231.3K
NOI $13,875 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$175.8K
$153.8K – $205.1K
NOI $12,304 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
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Business Placement
Demographics for 45205, OH
19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A full basement, front porch, and private backyard complement two rental units with distinct bedroom layouts.
Where is this duplex located?
The property is located at 1013 Rapid Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two units: one 1‑bedroom, 1‑bath and one 2‑bedroom, 1‑bath; Built in 1925; Hardwood floors in main living areas
