Two-Unit Duplex with
For Sale
$219,900
1827 Tilden Avenue, Norwood, OH 45212
Residential Income, Norwood, OH
Property Size1,520 SF
Lot Size0.08 Acres
Price / SF$144.67
Days on Market100
Property Features for 1827 Tilden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Window features
Vinyl Frames
Exterior features
Balcony
High school district
Norwood City SD
Directions
Norwood lateral exit to south onto Montgomery Road, West onto Sherman, North onto Franklin, Left onto Tilden Avenue.
Subdivision
Hamilton-E02
Standard status
Active
APN
651-0048-0064-00
Size
1,520 SF
Lot size
0.08 Acres
Utilities
Heating system
Forced Air, Natural Gas
Amenities
shared laundry
basement storage
covered second-floor balcony
backyard
Building Details
Year built
1906
Number of units
2
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Denise Taylor
(866) 212-4991
Added: Jun 29
Changed: Oct 3
Last Checked: Oct 6 at 8:06AM
MLS# 1884867
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 1,520-square-foot duplex contains two tenant-occupied units with a practical mix of living spaces. The upper residence has two bedrooms and one full bath, while the lower residence provides one bedroom and one full bath. Updated kitchens and bathrooms are complemented by hardwood and laminate flooring. Separate gas and electric meters serve the units, and shared laundry and basement storage add functional support space. A one-car built-in garage, driveway, covered second-floor balcony, and backyard are also included.
Built in 1906 and clad in wood siding, the property is heated by natural gas forced air and topped with a shingle roof. The Norwood location places the duplex near Xavier University, schools, hospitals, shopping, dining, parks, and major highways. Both residences are currently occupied under existing lease arrangements.
Built in 1906 and clad in wood siding, the property is heated by natural gas forced air and topped with a shingle roof. The Norwood location places the duplex near Xavier University, schools, hospitals, shopping, dining, parks, and major highways. Both residences are currently occupied under existing lease arrangements.
Key Highlights
- Two‑unit duplex totaling 1,520 Square Feet
- Upper unit: two bedrooms and one full bath; lower unit: one bedroom and one full bath
- Both units currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,342
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,840
$286.8K
Cap Rate 7%
$204,886
$204.9K
Cap Rate 9%
$159,356
$159.4K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$21.7K $14.28/SF
− Vacancy
−$1.2K −$0.80/SF
EGI
$20.5K $13.48/SF
− OpEx
−$6.1K −$4.04/SF
NOI
$14.3K $9.44/SF
Area
Hamilton County, OH
Vacancy
5.61%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,840
Cap Rate 7%
$204,886
Cap Rate 9%
$159,356
Alternative Uses
Best Use
Multifamily LT 5
$204.9K
$179.3K – $239.0K
NOI $14,342 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$187.5K
$164.0K – $218.7K
NOI $13,122 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$272.5K
$238.4K – $317.9K
NOI $19,075 @ 7.0% cap · market cap 8.67%
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
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
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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 - Fully occupied duplex with separately metered utilities, shared laundry, basement storage, and a covered balcony.
Where is this duplex located?
The property is located at 1827 Tilden Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,520 Square Feet; Upper unit: two bedrooms and one full bath; lower unit: one bedroom and one full bath; Both units currently tenant occupied
