Triplex With
For Sale
$679,000
846 Lincoln Ave, Cincinnati, OH 45206
Multi-unit property with period detailing, separate living areas, and flexible owner-use or rental configuration.
Property Size5,198 SF
Price / SF$130.63
Days on Market40
Property Features for 846 Lincoln Ave
General Information
Standard status
Active
Size
5,198 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 5BR/3.5BA, 1 x 2BR/1BA, 1 x efficiency
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
hot tub
sauna
Building Details
Year Built
1886
Listing Agency:
Plum Tree Realty
Listed By:
Troy Kutcha · License #2024000279
(513) 378-4663
Source:
Finn-team
Added: Aug 28
Changed: Oct 1
Last Checked: Oct 5 at 11:09PM
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 Plum Tree Realty
Investment Insights
Based on property information with market context.
Built in 1886, this 5,198-square-foot triplex combines period detailing with a three-unit layout. The primary residence includes five bedrooms, three full bathrooms, and one half bathroom, while an upstairs apartment offers two bedrooms and one bathroom. A separate efficiency completes the configuration.
Interior features include soaring ceilings, wainscoting, tilework, and hardwood floors, along with a hot tub and sauna. The property is currently operated as an Airbnb and can function as one larger accommodation or as three separate units. Located at 846 Lincoln Ave in Cincinnati, the property is near downtown, OTR, Eden Park, and I-71.
Interior features include soaring ceilings, wainscoting, tilework, and hardwood floors, along with a hot tub and sauna. The property is currently operated as an Airbnb and can function as one larger accommodation or as three separate units. Located at 846 Lincoln Ave in Cincinnati, the property is near downtown, OTR, Eden Park, and I-71.
Key Highlights
- 5,198‑square‑foot triplex built in 1886
- Primary residence includes 5 bedrooms, 3 full baths, and 1 half bath
- Upstairs unit offers 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,552
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,040
$871.0K
Cap Rate 7%
$622,171
$622.2K
Cap Rate 9%
$483,911
$483.9K
Market Conditions
NOI Build-Up for 5,198 SF
Gross rent
$66.1K $12.72/SF
− Vacancy
−$3.9K −$0.75/SF
EGI
$62.2K $11.97/SF
− OpEx
−$18.7K −$3.59/SF
NOI
$43.6K $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%
$871,040
Cap Rate 7%
$622,171
Cap Rate 9%
$483,911
Alternative Uses
Best Use
Multifamily LT 5
$622.2K
$544.4K – $725.9K
NOI $43,552 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$551.7K
$482.8K – $643.7K
NOI $38,621 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.03M
$904.1K – $1.21M
NOI $72,330 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
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?
Triplex - Multi-unit property with period detailing, separate living areas, and flexible owner-use or rental configuration.
Where is this triplex located?
The property is located at 846 Lincoln Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 5,198‑square‑foot triplex built in 1886; Primary residence includes 5 bedrooms, 3 full baths, and 1 half bath; Upstairs unit offers 2 bedrooms and 1 bath
