Listing Agency: eXp Realty o***@exprealty.net Show Phone

Listed By: Marco Fiore Show Phone

Source: Exprealty

Added: Aug 20 Changed: Oct 9 Last Checked: Oct 13 at 12:58AM

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Investment Insights

Based on property information with market context.

This 2,203 SF duplex, built in 1917, contains a one-bedroom unit and a three-bedroom, one-bath unit. Both residences are leased, with terms extending through 1/1/27 and 9/15/26. Interior cosmetic improvements have been completed, while major exterior and electrical work includes a new roof, new gutters, and new electric panels. Unit 1 also received a furnace replacement in 2023.

Located on Winfield Ave in Cincinnati’s West Price Hill area, the property sits on a quiet street. Tenants are responsible for heat and electric, while the owner pays water, providing a clearly defined utility arrangement for the duplex.

Key Highlights

• 2,203 SF duplex in Cincinnati’s West Price Hill area
• One‑bedroom unit leased through 1/1/27
• Three‑bedroom, 1‑bath unit leased through 9/15/26

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,368

Cap Rate

8.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$327,360 $327.4K

Cap Rate 7%

$233,829 $233.8K

Cap Rate 9%

$181,867 $181.9K

Market Conditions

NOI Build-Up for 2,203 SF

Gross rent

$31.5K $14.28/SF

− Vacancy

−$1.7K −$0.77/SF

EGI

$29.8K $13.51/SF

− OpEx

−$13.4K −$6.08/SF

NOI

$16.4K $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%

$327,360

Cap Rate 7%

$233,829

Cap Rate 9%

$181,867

Alternative Uses

Best Use

Multifamily LT 5

$263.7K

$230.7K – $307.6K (±1% cap)

NOI $18,458 @ 7.0% cap · market cap 9.72%

Second Best

Apartment 5plus

$233.8K

$204.6K – $272.8K (±1% cap)

NOI $16,368 @ 7.0% cap · market cap 8.62%

Theoretical Best

Office A

$437.9K

$383.2K – $510.9K (±1% cap)

NOI $30,655 @ 7.0% cap · market cap 16.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Big Box & Wholesale Store Spa & Massage Center Hair Salon

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

Location Intelligence

Trade Area within ½ mile

339

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Fully leased two-unit property with recent major-system upgrades and tenant-paid heat and electric.

Where is this duplex located?

The property is located at 1063 Winfield Ave Cincinnati, OH.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: 2,203 SF duplex in Cincinnati’s West Price Hill area; One‑bedroom unit leased through 1/1/27; Three‑bedroom, 1‑bath unit leased through 9/15/26