Turnkey Fourplex with Off-Street
1246 Quebec Road Cincinnati, OH 45205
1246 Quebec Road, Cincinnati, OH, 45205
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For Sale
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Fully occupied fourplex with four spacious 1-bedroom units, recent major mechanical upgrades, and dedicated tenant off-street parking.
Property Size2,269 SF
Price / SF$125
Days on Market27
Property Features for 1246 Quebec Road
General Information
- Standard status
- Active
- Size
- 2,269 SF
- Property subtype
- Multifamily, Land
Building Details
- Year Built
- 1890
Listing Agency
eXp Realty
Listed by
Luana King · License #2024005617
Source
Crexi
Added: Jun 21 Checked: Jul 17 at 4:06 am
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
Investment Insights
Based on property information with market context.
This fully occupied fourplex includes four spacious one-bedroom units designed with comfortable layouts and exceptionally large rooms. Recent major upgrades provide added operational reliability, including new water heaters and furnaces installed in 2024, along with a brand-new gas line installed in 2025. The property also supports straightforward utility management with separate tenant utilities for gas and electric, while the owner covers water and sewer.
The building sits on a prominent corner lot and includes dedicated off-street parking spots for tenants. The property is located conveniently with access to I-75 just minutes away, and downtown Cincinnati is about 15 minutes from the site.
With all units currently in place, the asset offers immediate occupancy for an owner-operator or investor seeking a stabilized residential income property. Tenant utility separation can also simplify monthly operations by clearly allocating gas and electric to residents. The combination of four one-bedroom units, dedicated parking, and recent mechanical improvements supports practical day-to-day management.
The building sits on a prominent corner lot and includes dedicated off-street parking spots for tenants. The property is located conveniently with access to I-75 just minutes away, and downtown Cincinnati is about 15 minutes from the site.
With all units currently in place, the asset offers immediate occupancy for an owner-operator or investor seeking a stabilized residential income property. Tenant utility separation can also simplify monthly operations by clearly allocating gas and electric to residents. The combination of four one-bedroom units, dedicated parking, and recent mechanical improvements supports practical day-to-day management.
Key Highlights
- Fully occupied fourplex with four 1‑bedroom units and spacious layouts
- Major mechanical upgrades: new water heaters and furnaces installed in 2024
- New gas line installed in 2025
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $12.72 |
| − Vacancy | −$1.7k | −$0.75 |
| EGI | $27.2k | $11.97 |
| − OpEx | −$8.1k | −$3.59 |
| NOI | $19.0k | $8.38 |
2,269 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.6K
$237.6K – $316.9K
NOI $19,011 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$240.8K
$210.7K – $281.0K
NOI $16,858 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$451.0K
$394.7K – $526.2K
NOI $31,573 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with four spacious 1-bedroom units, recent major mechanical upgrades, and dedicated tenant off-street parking.
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 $285,888.
What are key features of this property?
This property features: Fully occupied fourplex with four 1‑bedroom units and spacious layouts; Major mechanical upgrades: new water heaters and furnaces installed in 2024; New gas line installed in 2025
