Furnished
New
For Sale
$625,000
2126 Alpine Pl, Cincinnati, OH 45206
Three residences are occupied by medium-term tenants, while the fourth is vacant.
Property Size3,212 SF
Price / SF$194.58
Days on Market6
Property Features for 2126 Alpine Pl
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Walnut Hills
Additional Details
Furnished
Yes
Gross Income
$56,400
Multifamily Units
4
Tenant in Place
Yes
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Jordan Fiore
(513) 646-1038
Source:
Exprealty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 5:19PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 2,971-square-foot quadplex dates to 1893 and contains four furnished units. Three are occupied as medium-term rentals; the remaining unit is vacant. Recent building improvements include a roof, windows, and an AC unit, all described as new.
The property is near Eden Park trails and overlooks, the Cincinnati Art Museum, and Krohn Conservatory, with access to downtown described as quick. Balconies provide views.
The property is near Eden Park trails and overlooks, the Cincinnati Art Museum, and Krohn Conservatory, with access to downtown described as quick. Balconies provide views.
Key Highlights
- Four furnished residential units
- Three units occupied as medium‑term rentals; one unit is vacant
- 2,971 square feet; built in 1893
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,912
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,240
$538.2K
Cap Rate 7%
$384,457
$384.5K
Cap Rate 9%
$299,022
$299.0K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$40.9K $12.72/SF
− Vacancy
−$2.4K −$0.75/SF
EGI
$38.4K $11.97/SF
− OpEx
−$11.5K −$3.59/SF
NOI
$26.9K $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%
$538,240
Cap Rate 7%
$384,457
Cap Rate 9%
$299,022
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.4K – $448.5K
NOI $26,912 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$340.9K
$298.3K – $397.8K
NOI $23,865 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$638.5K
$558.7K – $744.9K
NOI $44,695 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
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Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are occupied by medium-term tenants, while the fourth is vacant.
Where is this quadplex located?
The property is located at 2126 Alpine Pl Cincinnati, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four furnished residential units; Three units occupied as medium‑term rentals; one unit is vacant; 2,971 square feet; built in 1893
