Two-Unit
1767 Fairmount Avenue, Cincinnati, OH 45214
For Sale
$199,000
One residence is vacant, allowing flexibility in how the two-unit property is occupied.
Property Size1,540 SF
Price / SF$129.22
Days on Market54
Property Features for 1767 Fairmount Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
Patio
Porch
Building Details
Building Size
Year Built
Units
Listing Agency:
Keller Williams Seven Hills Re
(513) 371-5070
Listed By:
Maria Psihountakis
(513) 828-9803
Source:
Galbraithrealtors
Added: Sep 17
Changed: Nov 9
Last Checked: Nov 9 at 3:49PM
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 Keller Williams Seven Hills Re
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Investment Insights
Based on property information with market context.
This 1,540-square-foot duplex, built in 1925, contains two apartments, each with two bedrooms and one bathroom. The units have separate HVAC systems: one has a window air conditioner, and the other is served by central air. Appliances are included, and the roof is approximately five years old. The property is zoned Multi Family. One unit is vacant.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,540 square feet; built in 1925
- Separate HVAC systems, including central air in one unit and a window A/C in the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,903
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,060
$258.1K
Cap Rate 7%
$184,329
$184.3K
Cap Rate 9%
$143,367
$143.4K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$19.6K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$18.4K $11.97/SF
− OpEx
−$5.5K −$3.59/SF
NOI
$12.9K $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%
$258,060
Cap Rate 7%
$184,329
Cap Rate 9%
$143,367
Alternative Uses
Best Use
Multifamily LT 5
$184.3K
$161.3K – $215.1K
NOI $12,903 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$163.5K
$143.0K – $190.7K
NOI $11,442 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$306.1K
$267.9K – $357.2K
NOI $21,429 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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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
$102,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, allowing flexibility in how the two-unit property is occupied.
Where is this duplex located?
The property is located at 1767 Fairmount Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,540 square feet; built in 1925; Separate HVAC systems, including central air in one unit and a window A/C in the other
