Two-Unit Brick
New
For Sale
$295,000
1716 Carrahen Avenue, Cincinnati, OH 45237
Both residences are rented and include private entrances, covered outdoor areas, and off-street parking.
Property Size2,380 SF
Price / SF$123.95
Days on Market5
Property Features for 1716 Carrahen Avenue
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private entrance
covered outdoor space
common basement area
washer and dryer
off-street parking
Building Details
Buildings
1
Construction
brick
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Anthony Vanjohnson
(937) 510-0690
Source:
Exprealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:41AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 2,380-square-foot brick duplex contains two rented apartments, each with two bedrooms and one bathroom. Separate entrances serve the units, which have covered outdoor areas: a porch at ground level and a balcony above. Wood floors extend through most of both residences. The upper apartment has an updated kitchen with new flooring and cabinets, plus a refrigerator and oven; both units have new blinds. Recent improvements have also been made in the lower apartment.
A shared basement provides storage and includes a washer and dryer that transfer with the property. Off-street parking serves the two apartments. The property is located at 1716 Carrahen Avenue in Cincinnati, Ohio.
A shared basement provides storage and includes a washer and dryer that transfer with the property. Off-street parking serves the two apartments. The property is located at 1716 Carrahen Avenue in Cincinnati, Ohio.
Key Highlights
- 2,380‑square‑foot brick duplex with two 2‑bedroom, 1‑bath units
- Both apartments are currently rented
- Separate entrances and covered outdoor areas: a ground‑floor porch and upper‑level balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,941
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,820
$398.8K
Cap Rate 7%
$284,871
$284.9K
Cap Rate 9%
$221,567
$221.6K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$30.3K $12.72/SF
− Vacancy
−$1.8K −$0.75/SF
EGI
$28.5K $11.97/SF
− OpEx
−$8.5K −$3.59/SF
NOI
$19.9K $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%
$398,820
Cap Rate 7%
$284,871
Cap Rate 9%
$221,567
Alternative Uses
Best Use
Multifamily LT 5
$284.9K
$249.3K – $332.4K
NOI $19,941 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,683 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$473.1K
$414.0K – $552.0K
NOI $33,118 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
374
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
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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 - Both residences are rented and include private entrances, covered outdoor areas, and off-street parking.
Where is this duplex located?
The property is located at 1716 Carrahen Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,380‑square‑foot brick duplex with two 2‑bedroom, 1‑bath units; Both apartments are currently rented; Separate entrances and covered outdoor areas: a ground‑floor porch and upper‑level balcony
