Multifamily Property with Recent
New
For Sale
$245,000
1030 Schiff Avenue, Cincinnati, OH 45205
A new furnace and first-floor appliances add practical updates to this Cincinnati multifamily property.
Property Size2,618 SF
Price / SF$93.58
Days on Market4
Property Features for 1030 Schiff Avenue
General Information
Standard status
Active
Size
2,618 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Coldwell Banker Realty (513-321-9944)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Oct 16
Last Checked: Oct 16 at 2:15PM
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 Coldwell Banker Realty (513-321-9944)
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Investment Insights
Based on property information with market context.
Built in 1925, this multifamily property contains 2,618 square feet. Recent improvements include a new furnace and new appliances on the first floor.
The property is located at 1030 Schiff Avenue in Cincinnati’s West Price Hill neighborhood.
The property is located at 1030 Schiff Avenue in Cincinnati’s West Price Hill neighborhood.
Key Highlights
- 2,618‑square‑foot multifamily property
- Built in 1925
- New furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,451
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,020
$389.0K
Cap Rate 7%
$277,871
$277.9K
Cap Rate 9%
$216,122
$216.1K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$37.4K $14.28/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$35.4K $13.51/SF
− OpEx
−$15.9K −$6.08/SF
NOI
$19.5K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,020
Cap Rate 7%
$277,871
Cap Rate 9%
$216,122
Alternative Uses
Best Use
Apartment 5plus
$277.9K
$243.1K – $324.2K
NOI $19,451 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.4K
$455.4K – $607.2K
NOI $36,429 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
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?
Multifamily property - A new furnace and first-floor appliances add practical updates to this Cincinnati multifamily property.
Where is this multifamily property located?
The property is located at 1030 Schiff Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,618‑square‑foot multifamily property; Built in 1925; New furnace
