Renovated Brick
For Sale
$625,000
Pending
1669 Blue Rock Street, Cincinnati, OH 45223
Residential Income, Cincinnati, OH
Property Size3,059 SF
Lot Size0.07 Acres
Days on Market50
Property Features for 1669 Blue Rock Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
Fireplace
1
High school district
Cincinnati City SD
Directions
Just a few blocks down the street from Urban Artifacts!
Subdivision
Hamilton-W05
Standard status
Pending
APN
194-0042-0102-00
Size
3,059 SF
Lot size
0.07 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1895
Number of units
4
Building materials
Brick
Roof type
Asbestos Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Jerry Garrison · License #433588
(513) 325-2245
Added: Aug 18
Changed: Sep 21
Last Checked: Oct 6 at 9:06AM
MLS# 1890904
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.
Investment Insights
Based on property information with market context.
This 3,059-square-foot quadplex occupies a 0.07-acre site and combines a brick exterior with four distinct living or work units. Three two-bedroom apartments are leased, while an office or efficiency unit is available. Renovation work included the roof, electrical, plumbing, windows, HVAC, kitchens, appliances, bathrooms, and exterior brick tuckpointing and painting. The improvements were completed with required permits, and the building includes forced-air heating and a fireplace.
Tenants pay their own utilities, including heat and air conditioning. On-street parking serves the property. Built in 1895, the asset is presented with an 8% cap rate and is located at 1669 Blue Rock Street in Cincinnati, Ohio 45223.
Tenants pay their own utilities, including heat and air conditioning. On-street parking serves the property. Built in 1895, the asset is presented with an 8% cap rate and is located at 1669 Blue Rock Street in Cincinnati, Ohio 45223.
Key Highlights
- 3,059 SF quadplex on a 0.07‑acre site
- Three leased 2‑bedroom units plus an available office/efficiency
- Renovated roof, electric, plumbing, windows, HVAC, kitchens, baths, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,630
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,600
$512.6K
Cap Rate 7%
$366,143
$366.1K
Cap Rate 9%
$284,778
$284.8K
Market Conditions
NOI Build-Up for 3,059 SF
Gross rent
$38.9K $12.72/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$36.6K $11.97/SF
− OpEx
−$11.0K −$3.59/SF
NOI
$25.6K $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%
$512,600
Cap Rate 7%
$366,143
Cap Rate 9%
$284,778
Alternative Uses
Best Use
Multifamily LT 5
$366.1K
$320.4K – $427.2K
NOI $25,630 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$324.7K
$284.1K – $378.8K
NOI $22,728 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$608.1K
$532.1K – $709.4K
NOI $42,566 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 45223, OH
13,174
Population
6,765
Households
1.9
Avg Household Size
33
Median Age
43%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
2,864
Density / Sq Mi
$46,930
Median Household Income
$41,482
Median Earnings
$914
Median Rent
$203,800
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?
Quadplex - Four-unit property with three leased two-bedroom apartments, an available office or efficiency, and separately metered tenant utilities.
Where is this quadplex located?
The property is located at 1669 Blue Rock Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,059 SF quadplex on a 0.07‑acre site; Three leased 2‑bedroom units plus an available office/efficiency; Renovated roof, electric, plumbing, windows, HVAC, kitchens, baths, and appliances
