Brick Duplex with
For Sale
$259,900
1701 Sherman Avenue, Norwood, OH 45212
Residential Income, Norwood, OH
Property Size2,184 SF
Lot Size0.09 Acres
Price / SF$119
Days on Market94
Property Features for 1701 Sherman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
High school district
Norwood City SD
Directions
Reading to Sherman or Montgomery to Sherman
Subdivision
Hamilton-E02
Standard status
Active
APN
651-0049-0188-00
Size
2,184 SF
Lot size
0.09 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1913
Number of units
2
Building materials
Brick
Roof type
Slate
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
John Meade
(513) 766-9200
Added: Jul 23
Changed: Oct 14
Last Checked: Oct 24 at 12:06AM
MLS# 1888032
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 brick duplex at 1701 Sherman Avenue includes 2,184 square feet arranged as two separate residences. The first-floor unit has 1 bedroom and 1 full bath. Upstairs, a two-level unit provides 3 bedrooms, 1 bath, and a bonus loft or flex area. Hardwood flooring and exposed brick add period character, while slate roofing and forced-air natural gas heat are existing building features. The property was built in 1913.
Both units are currently tenant occupied and have separate meters and utilities. Parking is available on the street. The property is less than a mile from Xavier University, with access to I-71, Rookwood, Factory 52, Hyde Park, and Downtown Cincinnati. Showings require 24-hour notice.
Both units are currently tenant occupied and have separate meters and utilities. Parking is available on the street. The property is less than a mile from Xavier University, with access to I-71, Rookwood, Factory 52, Hyde Park, and Downtown Cincinnati. Showings require 24-hour notice.
Key Highlights
- 2,184‑square‑foot brick duplex built in 1913
- First‑floor unit with 1 bedroom and 1 full bath
- Two‑level upper unit with 3 bedrooms, 1 bath, and bonus loft/flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,607
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,140
$412.1K
Cap Rate 7%
$294,386
$294.4K
Cap Rate 9%
$228,967
$229.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$31.2K $14.28/SF
− Vacancy
−$1.7K −$0.80/SF
EGI
$29.4K $13.48/SF
− OpEx
−$8.8K −$4.04/SF
NOI
$20.6K $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%
$412,140
Cap Rate 7%
$294,386
Cap Rate 9%
$228,967
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,607 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$269.3K
$235.7K – $314.2K
NOI $18,854 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$391.5K
$342.6K – $456.8K
NOI $27,408 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied units offer separate utilities and distinct layouts, including a loft-style upper residence.
Where is this duplex located?
The property is located at 1701 Sherman Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2,184‑square‑foot brick duplex built in 1913; First‑floor unit with 1 bedroom and 1 full bath; Two‑level upper unit with 3 bedrooms, 1 bath, and bonus loft/flex space
