Two-Story Multifamily
1829 Lincoln Avenue, Norwood, OH 45212
MULTI_FAMILY - Norwood, OH
Property size:
2,231 SFLot size:
0.17 AcresPrice / SF:
$138/SF- Added:
- May 15, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 7 at 9:06 am
Property Features for 1829 Lincoln Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Wood Frames, Vinyl Frames
- Standard status
- Active
- APN
- 651-0050-0198-00
- Size
- 2,231 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1890
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Matthew Wielgos (513) 378-4663
Listing office Plum Tree Realty 9078 Union Centre Blvd Ste 350, West Chester, OH (513) 443-5060
Listing date May 15, 2026
MLS# 1879489
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
- Two‑story conventional multi‑family with approx. 2,281 sq. ft. across three finished levels
- Potential to re‑convert: current rental‑property layout designed to be converted back into one spacious residence
- Roof replaced in 2009; box gutters replaced in 2021; upstairs furnace replaced in 2021
- Updated systems include updated plumbing and updated electrical
- Includes two kitchens, multiple living areas, bedrooms, baths, and on‑site laundry with two washers and two dryers
- Outdoor spaces include a patio, porch, balcony, and recently painted deck; rear/common entry access
Overview
This two-story conventional multi-family is configured for rental-property functionality and spans three finished levels, with additional unfinished basement storage. The interior features oak hardwood, heart pine, and luxury vinyl plank flooring, along with updated plumbing and updated electrical. Exterior and mechanical updates include a roof replaced in 2009, box gutters replaced in 2021, and an upstairs furnace replaced in 2021. The home includes two washers and two dryers, plus a patio, porch, balcony, and a recently painted deck. Multiple living areas, kitchens, bedrooms, baths, and dedicated laundry space support either continued income use or a re-conversion to a single, spacious residence.
Located in Norwood, the property is positioned near shopping, schools, dining, and highways, with access to Cincinnati-area amenities. Entry is provided via a rear/common entry, supporting practical day-to-day access and use.
For buyers and operators, the property offers a ready-to-run rental arrangement today, while also suiting owner-occupants or investors seeking flexibility. The layout’s ability to be re-converted to a single-family residence provides an additional planning option if future circumstances call for owner-occupancy rather than multi-unit use.
Located in Norwood, the property is positioned near shopping, schools, dining, and highways, with access to Cincinnati-area amenities. Entry is provided via a rear/common entry, supporting practical day-to-day access and use.
For buyers and operators, the property offers a ready-to-run rental arrangement today, while also suiting owner-occupants or investors seeking flexibility. The layout’s ability to be re-converted to a single-family residence provides an additional planning option if future circumstances call for owner-occupancy rather than multi-unit use.
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 | $31.9k | $14.28 |
| − Vacancy | −$1.8k | −$0.80 |
| EGI | $30.1k | $13.48 |
| − OpEx | −$9.0k | −$4.04 |
| NOI | $21.0k | $9.44 |
2,231 SF · lease $14.28/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$275.1K
$240.8K – $321.0K
NOI $19,260 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$400.0K
$350.0K – $466.6K
NOI $27,998 @ 7.0% cap · market cap 9.06%
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
- -84.463894
- Latitude
- 39.158555
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-story multifamily with updated systems and rental-ready layout, offering options for occupancy or conversion.
Where is this duplex located?
The property is located at 1829 Lincoln Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Two‑story conventional multi‑family with approx. 2,281 sq. ft. across three finished levels; Potential to re‑convert: current rental‑property layout designed to be converted back into one spacious residence; Roof replaced in 2009; box gutters replaced in 2021; upstairs furnace replaced in 2021
