Updated Triplex with Vacant
For Sale
$275,000
Pending
172 Kinsey Avenue, Cincinnati, OH 45219
Residential Income, Cincinnati, OH
Property Size2,469 SF
Lot Size0.10 Acres
Days on Market48
Property Features for 172 Kinsey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
I-71 to William Howard Taft Rd exit. Right on Auburn Ave, Left on Kinsey Ave. Property is on the left.
Subdivision
Hamilton-E01
Standard status
Pending
APN
089-0003-0011-00
Size
2,469 SF
Lot size
0.10 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1915
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
Redfin Corporation
(513) 718-2492
Listed By:
Sean Lohbeck
(513) 828-8852
Added: Aug 20
Changed: Sep 24
Last Checked: Oct 6 at 7:06PM
MLS# 1891099
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 brick triplex at 172 Kinsey Avenue contains 2,469 square feet and was built in 1915. The configuration includes two one-bedroom apartments and one two-bedroom apartment, providing a mix of unit sizes within the property. A second-floor two-bedroom residence has been refinished and is currently vacant for immediate occupancy.
The property sits on a 0.096-acre lot in Cincinnati, Ohio. Building features include natural gas forced-air heating, shingle roofing, and off-street parking. The existing three-unit layout offers a straightforward multifamily configuration with a recently updated vacant residence ready for use.
The property sits on a 0.096-acre lot in Cincinnati, Ohio. Building features include natural gas forced-air heating, shingle roofing, and off-street parking. The existing three-unit layout offers a straightforward multifamily configuration with a recently updated vacant residence ready for use.
Key Highlights
- Three‑unit triplex with two 1‑bedroom units and one 2‑bedroom unit
- 2,469 square feet on a 0.096‑acre lot
- Refinished second‑floor 2‑bedroom unit is vacant for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,687
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,740
$413.7K
Cap Rate 7%
$295,529
$295.5K
Cap Rate 9%
$229,856
$229.9K
Market Conditions
NOI Build-Up for 2,469 SF
Gross rent
$31.4K $12.72/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$29.6K $11.97/SF
− OpEx
−$8.9K −$3.59/SF
NOI
$20.7K $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%
$413,740
Cap Rate 7%
$295,529
Cap Rate 9%
$229,856
Alternative Uses
Best Use
Multifamily LT 5
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$262.1K
$229.3K – $305.7K
NOI $18,344 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$490.8K
$429.5K – $572.6K
NOI $34,356 @ 7.0% cap · market cap 12.49%
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
2,939
Businesses Nearby
Explore this area
Business Placement
Demographics for 45219, OH
20,644
Population
8,023
Households
2.6
Avg Household Size
25
Median Age
50%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
12,903
Density / Sq Mi
$35,936
Median Household Income
$12,462
Median Earnings
$1,166
Median Rent
$222,500
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?
Triplex - Brick multifamily property with three residential units and off-street parking.
Where is this triplex located?
The property is located at 172 Kinsey Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑unit triplex with two 1‑bedroom units and one 2‑bedroom unit; 2,469 square feet on a 0.096‑acre lot; Refinished second‑floor 2‑bedroom unit is vacant for immediate occupancy
