Duplex with Detached
For Sale
$191,900
84 Hereford St, Cincinnati, OH 45216
Two-unit property with updated systems, flexible bonus space, and separate off-street parking.
Property Size1,853 SF
Price / SF$103.56
Days on Market52
Property Features for 84 Hereford St
General Information
Standard status
Active
Size
1,853 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1938
Listing Agency:
Coldwell Banker College R.E.
Listed By:
Sara Reihs
(513) 289-8380
Source:
Missyfriede
Added: Aug 18
Changed: Oct 3
Last Checked: Oct 7 at 2:45PM
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 Coldwell Banker College R.E.
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath units within 1,853 square feet. The upper residence includes an additional bonus room that can serve as office, nursery, hobby, or storage space. Improvements include a newer furnace, hot water heater, replacement windows, and a renovated second-floor bathroom. A detached garage adds storage and off-street parking.
The property is located in Cincinnati near shopping, dining, parks, and major highways. It is being sold AS IS and offers a two-unit configuration with the flexibility to occupy one residence while leasing the other, subject to applicable requirements.
The property is located in Cincinnati near shopping, dining, parks, and major highways. It is being sold AS IS and offers a two-unit configuration with the flexibility to occupy one residence while leasing the other, subject to applicable requirements.
Key Highlights
- Two 1‑bedroom, 1‑bath units
- 1,853 square feet of total property size
- Upper unit includes a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,526
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,520
$310.5K
Cap Rate 7%
$221,800
$221.8K
Cap Rate 9%
$172,511
$172.5K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$23.6K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$22.2K $11.97/SF
− OpEx
−$6.7K −$3.59/SF
NOI
$15.5K $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%
$310,520
Cap Rate 7%
$221,800
Cap Rate 9%
$172,511
Alternative Uses
Best Use
Multifamily LT 5
$221.8K
$194.1K – $258.8K
NOI $15,526 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$196.7K
$172.1K – $229.5K
NOI $13,768 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$368.4K
$322.3K – $429.8K
NOI $25,785 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 45216, OH
9,667
Population
4,262
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
3,453
Density / Sq Mi
$51,602
Median Household Income
$40,333
Median Earnings
$815
Median Rent
$138,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated systems, flexible bonus space, and separate off-street parking.
Where is this duplex located?
The property is located at 84 Hereford St Cincinnati, OH.
What is the asking price?
The asking price for this property is $191,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units; 1,853 square feet of total property size; Upper unit includes a bonus room
