Building Details

Year built 1905

Number of units 2

Building materials Aluminum Siding

Roof type Shingle

Listing Agency: Reinvest Consultants, LLC m***@reinvestconsultants.com Show Phone

Listed By: Conner Seither Show Phone

Added: Oct 26 Changed: Oct 27 Last Checked: Nov 1 at 12:06AM

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MLS# 1898131

Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,800-square-foot duplex contains two units with large bedrooms and generous living areas. A covered rear deck adds outdoor space. The building has aluminum siding, a shingle roof, and forced-air natural gas heat. Built in 1905, it sits on a 0.073-acre parcel and offers on-street parking.

Both units are occupied by long-term tenants under month-to-month leases. The property is in St. Bernard, with shopping, dining, hospitals, major highways, and downtown Cincinnati identified as nearby destinations.

Key Highlights

• Two‑unit residential property with 1,800 square feet
• 0.073‑acre parcel
• Large bedrooms and spacious living areas in both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,983

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$339,660 $339.7K

Cap Rate 7%

$242,614 $242.6K

Cap Rate 9%

$188,700 $188.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$25.7K $14.28/SF

− Vacancy

−$1.4K −$0.80/SF

EGI

$24.3K $13.48/SF

− OpEx

−$7.3K −$4.04/SF

NOI

$17.0K $9.44/SF

Area

Hamilton County, OH

Vacancy

5.61%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$339,660

Cap Rate 7%

$242,614

Cap Rate 9%

$188,700

Alternative Uses

Best Use

Multifamily LT 5

$242.6K

$212.3K – $283.1K (±1% cap)

NOI $16,983 @ 7.0% cap · market cap 7.39%

Second Best

Apartment 5plus

$222.0K

$194.2K – $259.0K (±1% cap)

NOI $15,539 @ 7.0% cap · market cap 6.76%

Theoretical Best

Office A

$322.7K

$282.4K – $376.5K (±1% cap)

NOI $22,589 @ 7.0% cap · market cap 9.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

397

Businesses Nearby

Explore this area Business Placement

Demographics for 45217, OH

6,177

Population

2,852

Households

2.2

Avg Household Size

39

Median Age

34%

College-Educated

94%

High-School Grad

2.2 sq mi

ZIP Area

2,808

Density / Sq Mi

$67,974

Median Household Income

$45,789

Median Earnings

$923

Median Rent

$149,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two spacious units are occupied by month-to-month tenants, with a covered deck extending the usable outdoor space.

Where is this duplex located?

The property is located at 134 Delmar Avenue Saint Bernard, OH.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Two‑unit residential property with 1,800 square feet; 0.073‑acre parcel; Large bedrooms and spacious living areas in both units