Two-Unit
For Sale
$179,900
1129 Mcpherson Ave, Cincinnati, OH 45205
Both apartments are vacant, providing flexibility for occupancy or future leasing.
Property Size1,472 SF
Price / SF$122.21
Days on Market10
Property Features for 1129 Mcpherson Ave
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Listing Agency:
Keller Williams Pinnacle Group
(513) 277-0996
Listed By:
DaVan Gassett
(513) 431-4000
Source:
Exprealty
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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 Pinnacle Group
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Investment Insights
Based on property information with market context.
This 1,472-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. Both units are vacant. The basement has an efficiency-style living area, which is not a legal unit; any proposed use should be verified with the appropriate authorities.
Located at 1129 Mcpherson Ave in Cincinnati, the property offers a two-unit configuration with a separate basement area.
Located at 1129 Mcpherson Ave in Cincinnati, the property offers a two-unit configuration with a separate basement area.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,472 SF duplex
- Both apartments are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,333
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,660
$246.7K
Cap Rate 7%
$176,186
$176.2K
Cap Rate 9%
$137,033
$137.0K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$18.7K $12.72/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$17.6K $11.97/SF
− OpEx
−$5.3K −$3.59/SF
NOI
$12.3K $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%
$246,660
Cap Rate 7%
$176,186
Cap Rate 9%
$137,033
Alternative Uses
Best Use
Multifamily LT 5
$176.2K
$154.2K – $205.6K
NOI $12,333 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$156.2K
$136.7K – $182.3K
NOI $10,937 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$292.6K
$256.0K – $341.4K
NOI $20,483 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
457
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are vacant, providing flexibility for occupancy or future leasing.
Where is this duplex located?
The property is located at 1129 Mcpherson Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,472 SF duplex; Both apartments are vacant
