2-Unit Brick
New
For Sale
$295,000
1716 Carrahen Avenue, Cincinnati, OH 45237
Residential Income, Cincinnati, OH
Property Size2,380 SF
Lot Size0.14 Acres
Price / SF$123.95
Days on Market4
Property Features for 1716 Carrahen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Off Street
Window features
Vinyl Frames
Patio and Porch features
Porch
Exterior features
Porch, Balcony
High school district
Cincinnati City SD
Directions
Reading Road to Carrahen Avenue. Property will be on the left.
Subdivision
Hamilton-E02
Standard status
Active
APN
119-0002-0480-00
Size
2,380 SF
Lot size
0.14 Acres
Utilities
Heating system
Forced Air, Natural Gas
Amenities
private entrance
covered porch
balcony
wood flooring
new blinds
common basement
washer/dryer
off-street parking
Building Details
Year built
1941
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Anthony Vanjohnson
(866) 212-4991
Added: Oct 7
Last Checked: Oct 10 at 2:06AM
MLS# 1896420
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 2,380-square-foot brick duplex contains two 2-bedroom, 1-bath residences, each with a private entrance. The first-floor home has a porch, while the upper unit has a balcony. Wood flooring extends through most of both units. Improvements include updates to the first-floor residence and an updated kitchen upstairs with new flooring, cabinets, a refrigerator, and an oven. New blinds are installed in both units.
A shared basement offers storage and includes a washer and dryer that convey. Parking features include a garage and off-street spaces. The 0.144-acre property was built in 1941, and both units are currently rented.
A shared basement offers storage and includes a washer and dryer that convey. Parking features include a garage and off-street spaces. The 0.144-acre property was built in 1941, and both units are currently rented.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a 2,380‑square‑foot brick duplex
- Both units are currently rented
- Private entrance for each residence
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 leased and have separate entrances, covered outdoor areas, and access to shared basement storage.
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: Two 2‑bedroom, 1‑bath units in a 2,380‑square‑foot brick duplex; Both units are currently rented; Private entrance for each residence
