Two-Unit
For Sale
$260,000
1626 Northwood Dr, Cincinnati, OH 45237
Occupied residential income property with separate living units and month-to-month tenancy.
Property Size2,352 SF
Price / SF$110.54
Days on Market60
Property Features for 1626 Northwood Dr
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1937
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Source:
Finn-team
Added: Aug 16
Changed: Oct 4
Last Checked: Oct 7 at 4:10PM
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 Beycome Brokerage Realty LLC
Investment Insights
Based on property information with market context.
This two-family duplex contains two distinct residential units and is currently occupied. The tenancy is structured on a month-to-month basis, providing a straightforward arrangement for continued operation or future repositioning. Built in 1937, the property is located on Northwood Drive in Cincinnati’s Roselawn area, within ZIP code 45237.
Key Highlights
- Two distinct residential units
- Currently occupied by tenants
- Month‑to‑month tenancy structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,707
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,140
$394.1K
Cap Rate 7%
$281,529
$281.5K
Cap Rate 9%
$218,967
$219.0K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$29.9K $12.72/SF
− Vacancy
−$1.8K −$0.75/SF
EGI
$28.2K $11.97/SF
− OpEx
−$8.4K −$3.59/SF
NOI
$19.7K $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%
$394,140
Cap Rate 7%
$281,529
Cap Rate 9%
$218,967
Alternative Uses
Best Use
Multifamily LT 5
$281.5K
$246.3K – $328.5K
NOI $19,707 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$249.6K
$218.4K – $291.3K
NOI $17,475 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$467.5K
$409.1K – $545.5K
NOI $32,728 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 45237, OH
21,029
Population
10,976
Households
1.9
Avg Household Size
41
Median Age
29%
College-Educated
88%
High-School Grad
6.1 sq mi
ZIP Area
3,447
Density / Sq Mi
$43,598
Median Household Income
$34,276
Median Earnings
$863
Median Rent
$158,700
Median Home Value
Check the figures for this property
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 - Occupied residential income property with separate living units and month-to-month tenancy.
Where is this duplex located?
The property is located at 1626 Northwood Dr Cincinnati, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two distinct residential units; Currently occupied by tenants; Month‑to‑month tenancy structure
