2149 W Clifton Ave, Cincinnati, OH 45219
Two one-bedroom apartments offer updated interiors, in-unit laundry, private outdoor space, and off-street parking.
Property Features for 2149 W Clifton Ave
General Information
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Investment Insights
Based on property information with market context.
Major work completed in 2023 included the roof, HVAC systems, flooring, appliances, and interior renovations. The property is located minutes from the University of Cincinnati, area hospitals, OTR, and major highways, placing it within convenient reach of Clifton-area destinations and transportation routes.
Key Highlights
- Two 1‑bedroom, 1‑bath units totaling 1,344 square feet
- 2023 updates include roof, HVAC, flooring, appliances, and interior renovations
- Updated kitchens with stainless steel appliances and open shelving
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 | $17.1k | $12.72 |
| − Vacancy | −$1.0k | −$0.75 |
| EGI | $16.1k | $11.97 |
| − OpEx | −$4.8k | −$3.59 |
| NOI | $11.3k | $8.38 |
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Demographics for 45219, OH
Market
Vacancy Rate% for Multifamily in Midwest region