4-Unit Quadplex with Off-Street
1246 Quebec Road, Cincinnati, OH 45205
For Sale
$275,000
Residential Income, Cincinnati, OH
Property Size2,269 SF
Lot Size0.24 Acres
Price / SF$121.20
Days on Market140
Property Features for 1246 Quebec Road
General Information
Property type
Property subtype
Window features
Patio and Porch features
Exterior features
Fireplace
View
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Luana King · License #2024005617
(866) 212-4991
Added: Jun 21
Changed: Oct 29
Last Checked: Nov 7 at 11:06PM
MLS# 1883807
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,269-square-foot quadplex was built in 1890 and contains four one-bedroom units. One residence has been updated, and the property has wood siding, a shingle roof, a fireplace, a patio, and a porch. Recent work includes water heaters and furnaces installed in 2024, followed by a new gas line in 2025.
Set on a 0.243-acre corner lot at 1246 Quebec Road in Cincinnati, the property includes dedicated off-street parking. I-75 is minutes away, and downtown Cincinnati is approximately 15 minutes from the property.
Tenants pay gas and electric utilities; the owner covers water and sewer. Long-term tenants occupy most of the units, and the four-unit configuration also allows an owner to live in one residence while retaining the others as rentals.
Set on a 0.243-acre corner lot at 1246 Quebec Road in Cincinnati, the property includes dedicated off-street parking. I-75 is minutes away, and downtown Cincinnati is approximately 15 minutes from the property.
Tenants pay gas and electric utilities; the owner covers water and sewer. Long-term tenants occupy most of the units, and the four-unit configuration also allows an owner to live in one residence while retaining the others as rentals.
Key Highlights
- Four one‑bedroom units within 2,269 square feet
- Water heaters and furnaces installed in 2024; new gas line added in 2025
- 0.243‑acre corner parcel with dedicated off‑street tenant parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,011
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,220
$380.2K
Cap Rate 7%
$271,586
$271.6K
Cap Rate 9%
$211,233
$211.2K
Market Conditions
NOI Build-Up for 2,269 SF
Gross rent
$28.9K $12.72/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$27.2K $11.97/SF
− OpEx
−$8.1K −$3.59/SF
NOI
$19.0K $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%
$380,220
Cap Rate 7%
$271,586
Cap Rate 9%
$211,233
Alternative Uses
Best Use
Multifamily LT 5
$271.6K
$237.6K – $316.9K
NOI $19,011 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$240.8K
$210.7K – $281.0K
NOI $16,858 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$451.0K
$394.7K – $526.2K
NOI $31,573 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
419
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
Properties on Market for Quadplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences feature separate gas and electric service, with water and sewer paid by the owner.
Where is this quadplex located?
The property is located at 1246 Quebec Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four one‑bedroom units within 2,269 square feet; Water heaters and furnaces installed in 2024; new gas line added in 2025; 0.243‑acre corner parcel with dedicated off‑street tenant parking
