Updated Two-Unit
New
For Sale
$200,000
1118 Seton Ave, Cincinnati, OH 45205
Two occupied apartments have separate gas and electric responsibility, while the owner covers water and trash.
Property Size2,144 SF
Price / SF$93.28
Days on Market3
Property Features for 1118 Seton Ave
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$22,020
Building Details
Year Built
1908
Listing Agency:
Lohmiller Real Estate
(812) 537-1023
Listed By:
Streetlight Realty
(937) 626-4181
Source:
Streetlightrealtors
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:37AM
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 Lohmiller Real Estate
Investment Insights
Based on property information with market context.
This 2,144-square-foot duplex, built in 1908, contains two apartments: a lower-level one-bedroom, one-bath unit and an upper four-bedroom, one-bath unit. The upper apartment received new carpet and padding, kitchen and dining-area LVP flooring, lighting, interior paint, a furnace, and an A/C system. Four windows were also replaced. The upper unit is leased through January 31, 2027, and the lower unit through July 31, 2027.
Residents pay their own gas and electric bills; water and trash are owner-paid. Both apartments are occupied under leases. The property is located at 1118 Seton Ave in Cincinnati.
Residents pay their own gas and electric bills; water and trash are owner-paid. Both apartments are occupied under leases. The property is located at 1118 Seton Ave in Cincinnati.
Key Highlights
- Two apartments totaling 2,144 square feet
- Unit mix: one‑bedroom, one‑bath lower apartment and four‑bedroom, one‑bath upper apartment
- Upper unit updates include new furnace and A/C system installed September 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,964
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,280
$359.3K
Cap Rate 7%
$256,629
$256.6K
Cap Rate 9%
$199,600
$199.6K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$27.3K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$25.7K $11.97/SF
− OpEx
−$7.7K −$3.59/SF
NOI
$18.0K $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%
$359,280
Cap Rate 7%
$256,629
Cap Rate 9%
$199,600
Alternative Uses
Best Use
Multifamily LT 5
$256.6K
$224.6K – $299.4K
NOI $17,964 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$227.6K
$199.1K – $265.5K
NOI $15,930 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$426.2K
$372.9K – $497.2K
NOI $29,834 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
477
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied apartments have separate gas and electric responsibility, while the owner covers water and trash.
Where is this duplex located?
The property is located at 1118 Seton Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two apartments totaling 2,144 square feet; Unit mix: one‑bedroom, one‑bath lower apartment and four‑bedroom, one‑bath upper apartment; Upper unit updates include new furnace and A/C system installed September 2025
