Updated
116 Parker Street, Cincinnati, OH 45219
For Sale
$390,000
Pending
Three-unit property with refreshed kitchens, flooring, fixtures, and bathrooms.
Property Size3,120 SF
Days on Market53
Property Features for 116 Parker Street
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Exp Realty (216-242-2322)
Listed By:
Tami Holmes · License OH #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Sep 19
Changed: Nov 8
Last Checked: Nov 8 at 5:57AM
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 Exp Realty (216-242-2322)
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Investment Insights
Based on property information with market context.
This three-unit property contains 3,120 square feet and was built in 1895. Interior improvements include updated kitchens, flooring, fixtures, and bathrooms, providing refreshed finishes across the residential units.
Located at 116 Parker Street in Cincinnati, Ohio, the property offers a multifamily configuration with three units. Financial metrics include a 9.8% cap rate, 14% cash-on-cash return, and 7.7 GRM.
Located at 116 Parker Street in Cincinnati, Ohio, the property offers a multifamily configuration with three units. Financial metrics include a 9.8% cap rate, 14% cash-on-cash return, and 7.7 GRM.
Key Highlights
- Three‑unit multifamily property
- 3,120 square feet
- Updated kitchens, flooring, fixtures, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,141
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,820
$522.8K
Cap Rate 7%
$373,443
$373.4K
Cap Rate 9%
$290,456
$290.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$39.7K $12.72/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$37.3K $11.97/SF
− OpEx
−$11.2K −$3.59/SF
NOI
$26.1K $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%
$522,820
Cap Rate 7%
$373,443
Cap Rate 9%
$290,456
Alternative Uses
Best Use
Multifamily LT 5
$373.4K
$326.8K – $435.7K
NOI $26,141 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$331.2K
$289.8K – $386.4K
NOI $23,181 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$620.2K
$542.7K – $723.6K
NOI $43,415 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,634
Businesses Nearby
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Business Placement
Demographics for 45219, OH
20,644
Population
8,023
Households
2.6
Avg Household Size
25
Median Age
50%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
12,903
Density / Sq Mi
$35,936
Median Household Income
$12,462
Median Earnings
$1,166
Median Rent
$222,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Cincinnati, OH
Properties on Market for Triplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with refreshed kitchens, flooring, fixtures, and bathrooms.
Where is this triplex located?
The property is located at 116 Parker Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Three‑unit multifamily property; 3,120 square feet; Updated kitchens, flooring, fixtures, and bathrooms
