Brick Duplex with Detached
1162 Rulison Ave, Cincinnati, OH 45238
For Sale
$249,900
The two-family layout includes a detached garage, a ground-floor porch, and an upper-level balcony.
Property Size2,204 SF
Price / SF$113.38
Days on Market13
Property Features for 1162 Rulison Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
front porch
balcony
hardwood floors
glass block
updated windows
Building Details
Stories
Construction
Listing Agency:
Hoeting, REALTORS
(513) 451-4800
Listed By:
Christina R. Mcclatchey
(513) 347-2026
Source:
Exprealty
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 8 at 9:24AM
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 Hoeting, REALTORS
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Investment Insights
Based on property information with market context.
This 2,204-square-foot brick duplex contains two residential units, with hardwood flooring and outdoor space at both levels. A porch serves the first-floor unit, while the upper unit has a balcony. The second-floor layout may accommodate three bedrooms. A detached garage offers three-car capacity.
The roof dates to approximately 2018, and one HVAC system was installed in 2025. Additional features include glass block and updated windows.
The roof dates to approximately 2018, and one HVAC system was installed in 2025. Additional features include glass block and updated windows.
Key Highlights
- 2,204‑square‑foot, full‑brick two‑family property
- Detached 3 car garage
- First‑floor porch and second‑floor balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,598
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,960
$412.0K
Cap Rate 7%
$294,257
$294.3K
Cap Rate 9%
$228,867
$228.9K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$39.7K $18.00/SF
− Vacancy
−$2.2K −$1.01/SF
EGI
$37.5K $16.99/SF
− OpEx
−$16.9K −$7.65/SF
NOI
$20.6K $9.35/SF
Area
ZIP 45238
Vacancy
5.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,960
Cap Rate 7%
$294,257
Cap Rate 9%
$228,867
Alternative Uses
Best Use
Multifamily LT 5
$336.0K
$294.0K – $392.0K
NOI $23,519 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$294.3K
$257.5K – $343.3K
NOI $20,598 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$490.4K
$429.1K – $572.1K
NOI $34,328 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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Business Placement
Demographics for 45238, OH
46,864
Population
21,834
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
10.3 sq mi
ZIP Area
4,550
Density / Sq Mi
$64,672
Median Household Income
$40,043
Median Earnings
$913
Median Rent
$168,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family layout includes a detached garage, a ground-floor porch, and an upper-level balcony.
Where is this duplex located?
The property is located at 1162 Rulison Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,204‑square‑foot, full‑brick two‑family property; Detached 3 car garage; First‑floor porch and second‑floor balcony
