Brick Triplex with Detached
For Sale
$350,000
1712 Queen City Avenue, Cincinnati, OH 45214
Commercial Sale, Cincinnati, OH
Property Size3,707 SF
Lot Size0.13 Acres
Price / SF$94.42
Days on Market116
Property Features for 1712 Queen City Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Directions
1-75 to Western Hill Viaduct to Queen City
Subdivision
Hamilton-W05
Standard status
Active
APN
2030029013500
Size
3,707 SF
Lot size
0.13 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1895
Flooring type
Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Preferred Group · RE/MAX International
(513) 229-7774
Listed By:
Jon Bowling · License #2003017454
(513) 533-4111
Added: Jun 12
Changed: Sep 9
Last Checked: Oct 5 at 6:06PM
MLS# 1882954
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 3,707-square-foot brick multifamily property was built in 1895 and includes two finished residences: one with two bedrooms and another with five bedrooms. A detached garage offers potential for a third unit. The building has carpeted flooring, natural-gas heating, a shingle roof, and on-street parking. The property occupies 0.131 acres in Cincinnati.
Commercial and residential zoning flexibility supports several configuration possibilities, including continued multifamily use, a commercial/residential conversion, or live/work occupancy. Unit 1 is fully electric and has its own electric water heater. Unit 2 uses both gas and electric service. Tenants pay their own gas and electric, while water is paid by the landlord. The property is near highways, shops, restaurants, and everyday amenities.
Commercial and residential zoning flexibility supports several configuration possibilities, including continued multifamily use, a commercial/residential conversion, or live/work occupancy. Unit 1 is fully electric and has its own electric water heater. Unit 2 uses both gas and electric service. Tenants pay their own gas and electric, while water is paid by the landlord. The property is near highways, shops, restaurants, and everyday amenities.
Key Highlights
- 3,707 square feet on 0.131 acres
- Three‑unit multifamily property with one 2‑bedroom unit and one 5‑bedroom unit
- Detached garage has potential for a 3rd unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,060
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,200
$621.2K
Cap Rate 7%
$443,714
$443.7K
Cap Rate 9%
$345,111
$345.1K
Market Conditions
NOI Build-Up for 3,707 SF
Gross rent
$47.2K $12.72/SF
− Vacancy
−$2.8K −$0.75/SF
EGI
$44.4K $11.97/SF
− OpEx
−$13.3K −$3.59/SF
NOI
$31.1K $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%
$621,200
Cap Rate 7%
$443,714
Cap Rate 9%
$345,111
Alternative Uses
Best Use
Mixed Use
$643.4K
$563.0K – $750.7K
NOI $45,040 @ 7.0% cap · market cap 12.87%
Second Best
Multifamily LT 5
$443.7K
$388.3K – $517.7K
NOI $31,060 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$736.9K
$644.8K – $859.7K
NOI $51,583 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 45214, OH
8,901
Population
5,028
Households
1.8
Avg Household Size
32
Median Age
23%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,297
Density / Sq Mi
$26,348
Median Household Income
$27,243
Median Earnings
$762
Median Rent
$102,000
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 - Mixed-use zoning flexibility supports multifamily ownership, commercial use, or a live/work configuration in Cincinnati.
Where is this triplex located?
The property is located at 1712 Queen City Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,707 square feet on 0.131 acres; Three‑unit multifamily property with one 2‑bedroom unit and one 5‑bedroom unit; Detached garage has potential for a 3rd unit
