Updated Two-Unit
For Sale
$239,000
5612 Colerain Ave, Cincinnati, OH 45239
Two one-bedroom residences include basement storage, laundry hookups, an attached garage, and off-street parking.
Property Size1,544 SF
Price / SF$154.79
Days on Market57
Property Features for 5612 Colerain Ave
General Information
Standard status
Active
Size
1,544 SF
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
private basement storage
laundry hookups
Building Details
Year Built
1937
Tenancy
Single
Listing Agency:
Chosen Real Estate Group
Listed By:
Nicholas Huscroft · License #346906
(330) 249-3499
Source:
Lovdalgroup
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 7 at 5:27PM
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 Chosen Real Estate Group
Investment Insights
Based on property information with market context.
This Cincinnati duplex contains two 1BD/1BA units, each measuring approximately 772 square feet, for a total of 1,544 square feet. Both residences include private basement storage and laundry hookups. One unit is leased, while the other is vacant and has a new furnace. The property also includes a full unfinished basement, a 2-car attached garage, and off-street parking.
Located at 5612 Colerain Ave in Cincinnati, Ohio, the property was built in 1937 and remodeled 3.5 years ago. The two-unit configuration provides separate living spaces within a single residential income property, with one residence currently occupied and the second available for use or leasing.
Located at 5612 Colerain Ave in Cincinnati, Ohio, the property was built in 1937 and remodeled 3.5 years ago. The two-unit configuration provides separate living spaces within a single residential income property, with one residence currently occupied and the second available for use or leasing.
Key Highlights
- Two 1BD/1BA units, each approximately 772 sq ft
- 1,544‑square‑foot duplex at 5612 Colerain Ave, Cincinnati, OH 45239
- One unit leased; the second unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,937
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,740
$258.7K
Cap Rate 7%
$184,814
$184.8K
Cap Rate 9%
$143,744
$143.7K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$19.6K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$18.5K $11.97/SF
− OpEx
−$5.5K −$3.59/SF
NOI
$12.9K $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%
$258,740
Cap Rate 7%
$184,814
Cap Rate 9%
$143,744
Alternative Uses
Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,937 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$163.9K
$143.4K – $191.2K
NOI $11,472 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$306.9K
$268.6K – $358.1K
NOI $21,485 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 45239, OH
28,499
Population
12,985
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,276
Median Household Income
$37,094
Median Earnings
$949
Median Rent
$155,500
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 one-bedroom residences include basement storage, laundry hookups, an attached garage, and off-street parking.
Where is this duplex located?
The property is located at 5612 Colerain Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two 1BD/1BA units, each approximately 772 sq ft; 1,544‑square‑foot duplex at 5612 Colerain Ave, Cincinnati, OH 45239; One unit leased; the second unit is vacant
