Renovated Duplex Income
1817 Sherman Avenue, Norwood, OH 45212
MULTI_FAMILY - Norwood, OH
Property size:
1,838 SFLot size:
0.08 AcresPrice / SF:
$151/SF- Added:
- May 18, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 7 at 12:06 pm
Property Features for 1817 Sherman Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Porch
- Exterior features
- Porch, Balcony, Metal Fence
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- 651-0050-0007-00
- Size
- 1,838 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1927
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing agent K Lynne Engel (513) 378-4663
Listing office Plum Tree Realty 9078 Union Centre Blvd Ste 350, West Chester, OH (513) 443-5060
Listing date May 18, 2026
MLS# 1879588
Listing URL
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.
HighLights
- Turnkey, fully renovated duplex with strong rental history provides immediate income.
- Major capital improvements completed, including all new, fully permitted plumbing extended to the street.
- Two updated units: a 1‑bedroom/1‑bath rented for $1,000/month and a 3‑bedroom/2‑bath rented for $1,550/month.
- Both units feature central air and heat, new appliances, refinished hardwood floors, and updated bathrooms.
- Desirable location near dining, shopping, entertainment, major highways, and Xavier University.
- Low‑maintenance renovations and solid cash flow make this an attractive investment.
Overview
This fully renovated duplex offers a turn-key residential income setup with major improvements already completed. The property includes updated plumbing extended all the way to the street with fully permitted work. Unit 1 features a 1-bedroom, 1-bath layout and has central air and heat, new appliances, refinished hardwood floors, and updated bathrooms. Unit 2 offers a 3-bedroom, 2-bath configuration with central air and heat, new appliances, refinished hardwood floors, and updated bathrooms. Both units provide private access to the backyard, supporting comfortable day-to-day use.
Located at 1817 Sherman Avenue in Norwood, Ohio (Hamilton County), the duplex is described as being minutes from dining, shopping, entertainment, major highways, and Xavier University.
For tenants, the mix of updated finishes, central heating and cooling, and in-home appliance upgrades can reduce move-in friction. For buyers and investors, the property is presented as move-in ready, with both units currently rented at $1,000 per month for Unit 1 and $1,550 per month for Unit 2, alongside the completed, permitted plumbing work aimed at lowering near-term maintenance concerns.
Located at 1817 Sherman Avenue in Norwood, Ohio (Hamilton County), the duplex is described as being minutes from dining, shopping, entertainment, major highways, and Xavier University.
For tenants, the mix of updated finishes, central heating and cooling, and in-home appliance upgrades can reduce move-in friction. For buyers and investors, the property is presented as move-in ready, with both units currently rented at $1,000 per month for Unit 1 and $1,550 per month for Unit 2, alongside the completed, permitted plumbing work aimed at lowering near-term maintenance concerns.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.2k | $14.28 |
| − Vacancy | −$1.5k | −$0.80 |
| EGI | $24.8k | $13.48 |
| − OpEx | −$7.4k | −$4.04 |
| NOI | $17.3k | $9.44 |
1,838 SF · lease $14.28/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.7K
$216.8K – $289.0K
NOI $17,342 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$226.7K
$198.3K – $264.5K
NOI $15,867 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$329.5K
$288.3K – $384.4K
NOI $23,066 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Norwood
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.464295
- Latitude
- 39.160907
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated duplex in Norwood with central air, updated interiors, private backyard access, and two currently rented units.
Where is this duplex located?
The property is located at 1817 Sherman Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Turnkey, fully renovated duplex with strong rental history provides immediate income.; Major capital improvements completed, including all new, fully permitted plumbing extended to the street.; Two updated units: a 1‑bedroom/1‑bath rented for $1,000/month and a 3‑bedroom/2‑bath rented for $1,550/month.
