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    Turnkey Duplex Portfolio Investment Title is generated by Realmo AI

    1895 Kahn Avenue, Hamilton, OH 45011

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    For Sale
    $275,000

    MULTI_FAMILY - Hamilton, OH

    Property size:
    1,520 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $180/SF
    Added:
    Apr 16, 2026
    Days on Market:
    59
    Last Refresh:
    Jun 13 at 7:06 pm

    Property Features for 1895 Kahn Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Window features
    Vinyl Frames
    Standard status
    Active
    APN
    P6451-046-000-050
    Size
    1,520 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1997
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

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    Listing Contact
    Dylan Koch

    Listing agent Dylan Koch

    Listing office Plum Tree Realty 9078 Union Centre Blvd Ste 350, West Chester, OH

    Listing date Apr 16, 2026

    MLS# 1875666 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

    • 8.03% Cap Rate with $66,237 Net Operating Income (NOI)
    • Turnkey, Fully Stabilized, Income‑Producing 6‑Unit Portfolio (Three Duplexes)
    • Low Operating Expenses, including only $3,973/Year in Total Real Estate Taxes
    • 100% Occupied with Immediate In‑Place Income
    • Tenants Pay Gas and Electric, Reducing Landlord Expenses
    • Relatively Newer Construction (1997) with Minimal Maintenance Requirements

    Overview

    This turnkey, for-sale portfolio includes three side-by-side duplexes sold together only, totaling six units. Each unit is a 2-bedroom, 1-bath layout, and the portfolio is 100% occupied, providing immediate in-place income. Built in 1997, the properties are described as newer relative to the area and designed for lower day-to-day maintenance. Tenant-paid utilities further support operational simplicity, with tenants responsible for gas and electric while the landlord is responsible for water and sewer only. The stated performance metrics in the remarks include $66,237 of NOI, $88,800 in gross annual rents, and an 8.03% cap rate, alongside total real estate taxes of $3,973 per year.

    The portfolio is located at 1895 Kahn Avenue in Hamilton, Ohio, within Butler County (ZIP 45011). It is offered as three duplex buildings associated with parcels P6451-046-000-048 and P6451-046-000-049, with the listing indicating the related parcel information for other buildings.

    For investors or owner-operators seeking a multifamily acquisition with immediate occupancy, this stabilized duplex portfolio presents a straightforward operational model: consistent 2/1 unit mix, landlord water/sewer responsibility only, and tenant-paid gas and electric. The seller’s remarks also frame the opportunity as low-expense and turnkey, anchored by the provided rent, NOI, and tax figures.

    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 $22.8k $15.00
    − Vacancy −$1.6k −$1.07
    EGI $21.2k $13.93
    − OpEx −$6.4k −$4.18
    NOI $14.8k $9.75
    1,520 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $211.8K
    $185.3K – $247.1K (±1% cap)
    NOI $14,824 @ 7.0% cap · market cap 5.39%
    Second Best
    Apartment 5plus
    $194.9K
    $170.5K – $227.4K (±1% cap)
    NOI $13,641 @ 7.0% cap · market cap 4.96%
    Theoretical Best
    Office A
    $300.5K
    $263.0K – $350.6K (±1% cap)
    NOI $21,037 @ 7.0% cap · market cap 7.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.544426
    Latitude
    39.37681

    FAQs

    What type of property is this?
    Duplex - Three side-by-side duplexes are fully stabilized and sold together, generating current in-place rental income.
    Where is this duplex located?
    The property is located at 1895 Kahn Avenue Hamilton, 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: 8.03% Cap Rate with $66,237 Net Operating Income (NOI); Turnkey, Fully Stabilized, Income‑Producing 6‑Unit Portfolio (Three Duplexes); Low Operating Expenses, including only $3,973/Year in Total Real Estate Taxes
    More about this property
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