Brick
For Sale
$395,000
2131 Colerain Avenue, Cincinnati, OH 45214
Residential Income, Cincinnati, OH
Property Size3,664 SF
Lot Size0.05 Acres
Price / SF$107.81
Days on Market57
Property Features for 2131 Colerain Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
Patio and Porch features
Patio
Exterior features
Patio
High school district
Cincinnati City SD
Directions
Central Pkwy to Brighton Pl, Right on Central Ave, then Left on Colerain Ave. Property located on the Right at 2131 Colerain Ave.
Subdivision
Hamilton-E01
Standard status
Active
APN
184-0006-0204-00
Size
3,664 SF
Lot size
0.05 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1890
Number of units
3
Building materials
Brick
Roof type
Membrane, Shingle
Listing Agency:
Keller Williams Pinnacle Group · Keller Williams Realty
Listed By:
Davan Gassett
(513) 277-0996
Added: Aug 10
Changed: Oct 1
Last Checked: Oct 5 at 6:06PM
MLS# 1889741
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.
Located at 2131 Colerain Avenue in Cincinnati’s West End, this 3,664-square-foot triplex contains one three-bedroom unit and two one-bedroom units. One of the one-bedroom units includes 1.5 bathrooms. The property was built in 1890 and occupies 0.05 acres.
Exterior construction is brick, with a patio, membrane and shingle roofing, natural gas heating, and forced-air delivery. Parking is available on street. The property is positioned near Downtown Cincinnati and provides a defined three-unit configuration for residential income use.
Exterior construction is brick, with a patio, membrane and shingle roofing, natural gas heating, and forced-air delivery. Parking is available on street. The property is positioned near Downtown Cincinnati and provides a defined three-unit configuration for residential income use.
Key Highlights
- Three‑unit layout with one 3BR unit and two 1BR units
- 3,664 square feet on a 0.05‑acre lot
- One 1BR unit includes 1.5BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,699
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,980
$614.0K
Cap Rate 7%
$438,557
$438.6K
Cap Rate 9%
$341,100
$341.1K
Market Conditions
NOI Build-Up for 3,664 SF
Gross rent
$46.6K $12.72/SF
− Vacancy
−$2.7K −$0.75/SF
EGI
$43.9K $11.97/SF
− OpEx
−$13.2K −$3.59/SF
NOI
$30.7K $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%
$613,980
Cap Rate 7%
$438,557
Cap Rate 9%
$341,100
Alternative Uses
Best Use
Multifamily LT 5
$438.6K
$383.7K – $511.7K
NOI $30,699 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$388.9K
$340.3K – $453.7K
NOI $27,223 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$728.4K
$637.3K – $849.8K
NOI $50,985 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
Explore this area
Business Placement
Demographics for 45214, OH
8,901
Population
5,028
Households
1.8
Avg Household Size
32
Median Age
23%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,297
Density / Sq Mi
$26,348
Median Household Income
$27,243
Median Earnings
$762
Median Rent
$102,000
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property includes one three-bedroom residence and two one-bedroom units.
Where is this triplex located?
The property is located at 2131 Colerain Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three‑unit layout with one 3BR unit and two 1BR units; 3,664 square feet on a 0.05‑acre lot; One 1BR unit includes 1.5BA
