Refreshed
For Sale
$160,000
1015 Purcell Ave, Cincinnati, OH 45205
Two-unit property with a one-bedroom residence and a larger three-bedroom residence, both configured with one bathroom.
Property Size1,868 SF
Price / SF$85.65
Days on Market83
Property Features for 1015 Purcell Ave
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1914
Listing Agency:
Keller Williams Seven Hills Re
Listed By:
Adrienne N Shipman
(513) 307-5658
Source:
Missyfriede
Added: Jul 16
Changed: Sep 10
Last Checked: Oct 5 at 8:42PM
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 two-unit residential property includes a one-bedroom, one-bath residence and a three-bedroom, one-bath residence. The interior has received recent cleaning and updates, with the larger unit prepared for occupancy. One unit has been recently leased, while the other is move-in ready. The property is offered as-is and was built in 1914.
Located at 1015 Purcell Avenue in Cincinnati, the duplex is described as being minutes from downtown. Showings require 24-hour notice. The configuration supports either an investor pursuing rental income or an owner-occupant using one residence while leasing the other, as supported by the two-unit layout.
Located at 1015 Purcell Avenue in Cincinnati, the duplex is described as being minutes from downtown. Showings require 24-hour notice. The configuration supports either an investor pursuing rental income or an owner-occupant using one residence while leasing the other, as supported by the two-unit layout.
Key Highlights
- Two‑unit duplex with 1‑bedroom and 3‑bedroom residences
- Both units include 1 bathroom
- Recent cleaning and updates throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,879
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,580
$277.6K
Cap Rate 7%
$198,271
$198.3K
Cap Rate 9%
$154,211
$154.2K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$26.7K $14.28/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$25.2K $13.51/SF
− OpEx
−$11.4K −$6.08/SF
NOI
$13.9K $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 Rate 5%
$277,580
Cap Rate 7%
$198,271
Cap Rate 9%
$154,211
Alternative Uses
Best Use
Multifamily LT 5
$223.6K
$195.6K – $260.9K
NOI $15,651 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$198.3K
$173.5K – $231.3K
NOI $13,879 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$371.3K
$324.9K – $433.2K
NOI $25,993 @ 7.0% cap · market cap 16.25%
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
522
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
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 a one-bedroom residence and a larger three-bedroom residence, both configured with one bathroom.
Where is this duplex located?
The property is located at 1015 Purcell Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom and 3‑bedroom residences; Both units include 1 bathroom; Recent cleaning and updates throughout the property
