Two-Unit Duplex with
For Sale
$175,000
1286 Quebec Rd, Cincinnati, OH 45205
Two one-bedroom apartments offer separate driveways, hardwood floors, and a detached garage for additional storage.
Property Size1,924 SF
Price / SF$90.96
Days on Market31
Property Features for 1286 Quebec Rd
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Seven Hills Re
(513) 568-7965
Listed By:
William S Reed
(513) 568-7965
Source:
Exprealty
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 8 at 8:03AM
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 Seven Hills Re
Investment Insights
Based on property information with market context.
This 1,924-square-foot duplex contains two one-bedroom apartments, each with generously sized living and dining areas. Original hardwood flooring adds character throughout the interiors, while one unit includes central air conditioning. The property is configured for separate unit access and includes two driveways, providing off-street parking associated with each apartment.
A detached garage adds useful storage space and may support additional rental income, subject to applicable requirements. The property is located at 1286 Quebec Rd in Cincinnati, Ohio, within the Price Hill area. Its two-unit layout, individual driveways, and existing garage create a practical configuration for an owner-occupant or an investor seeking a residential income property.
A detached garage adds useful storage space and may support additional rental income, subject to applicable requirements. The property is located at 1286 Quebec Rd in Cincinnati, Ohio, within the Price Hill area. Its two-unit layout, individual driveways, and existing garage create a practical configuration for an owner-occupant or an investor seeking a residential income property.
Key Highlights
- 1,924‑square‑foot duplex with two one‑bedroom apartments
- Each apartment includes spacious living and dining rooms
- Original hardwood floors add character to both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,295
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,900
$285.9K
Cap Rate 7%
$204,214
$204.2K
Cap Rate 9%
$158,833
$158.8K
Market Conditions
NOI Build-Up for 1,924 SF
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.
Gross rent
$27.5K $14.28/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$26.0K $13.51/SF
− OpEx
−$11.7K −$6.08/SF
NOI
$14.3K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,900
Cap Rate 7%
$204,214
Cap Rate 9%
$158,833
Alternative Uses
Best Use
Multifamily LT 5
$230.3K
$201.5K – $268.7K
NOI $16,121 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$204.2K
$178.7K – $238.3K
NOI $14,295 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$382.5K
$334.7K – $446.2K
NOI $26,772 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom apartments offer separate driveways, hardwood floors, and a detached garage for additional storage.
Where is this duplex located?
The property is located at 1286 Quebec Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,924‑square‑foot duplex with two one‑bedroom apartments; Each apartment includes spacious living and dining rooms; Original hardwood floors add character to both units
