Furnished 4-Unit
New
For Sale
$625,000
2126 Alpine Place, Cincinnati, OH 45206
Residential Income, Cincinnati, OH
Property Size2,971 SF
Lot Size0.09 Acres
Price / SF$210.37
Days on Market2
Property Features for 2126 Alpine Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
Exterior features
Balcony
Fireplace
1
View
City
High school district
Cincinnati City SD
Directions
Kemper, L on St. James, L Alpine
Subdivision
Hamilton-E01
Standard status
Active
APN
069-0003-0086-00
Size
2,971 SF
Lot size
0.09 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1893
Number of units
4
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Jordan Fiore
(866) 212-4991
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 22 at 11:06PM
MLS# 1897955
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.
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Investment Insights
Based on property information with market context.
This 2,971-square-foot quadplex contains four furnished units on a 0.09-acre lot. Three units are occupied by medium-term renters, and one is vacant. Recent improvements include a new roof, new windows, and a new AC unit. The building, constructed in 1893, has wood siding, forced-air natural gas heat, a shingle roof, a fireplace, and a balcony. Parking is on street.
The property is near Eden Park trails, scenic overlooks, the Cincinnati Art Museum, and Krohn Conservatory, with access to downtown described as quick.
The property is near Eden Park trails, scenic overlooks, the Cincinnati Art Museum, and Krohn Conservatory, with access to downtown described as quick.
Key Highlights
- Four furnished units; three occupied as medium‑term rentals and one vacant
- New roof, windows, and AC unit
- 2,971 square feet on a 0.09‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,893
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,860
$497.9K
Cap Rate 7%
$355,614
$355.6K
Cap Rate 9%
$276,589
$276.6K
Market Conditions
NOI Build-Up for 2,971 SF
Gross rent
$37.8K $12.72/SF
− Vacancy
−$2.2K −$0.75/SF
EGI
$35.6K $11.97/SF
− OpEx
−$10.7K −$3.59/SF
NOI
$24.9K $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%
$497,860
Cap Rate 7%
$355,614
Cap Rate 9%
$276,589
Alternative Uses
Best Use
Multifamily LT 5
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$315.3K
$275.9K – $367.9K
NOI $22,074 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three units are occupied by medium-term renters, while the fourth is vacant.
Where is this quadplex located?
The property is located at 2126 Alpine Place 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 units; three occupied as medium‑term rentals and one vacant; New roof, windows, and AC unit; 2,971 square feet on a 0.09‑acre lot
