Updated Triplex with Off-Street
For Sale
$374,000
215 Warner Street, Cincinnati, OH 45219
Residential Income, Cincinnati, OH
Property Size1,964 SF
Lot Size0.08 Acres
Price / SF$190.43
Days on Market49
Property Features for 215 Warner Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, On Street
Window features
Vinyl Frames, Aluminum Frames
High school district
Cincinnati City SD
Directions
.
Subdivision
Hamilton-E01
Standard status
Active
APN
1000001009900
Size
1,964 SF
Lot size
0.08 Acres
Utilities
Heating system
Forced Air, Natural Gas, Baseboard
Building Details
Year built
1910
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Preferred Group · RE/MAX International
(513) 229-7774
Listed By:
Bradley Babiak
(513) 533-4111
Added: Sep 3
Changed: Oct 16
Last Checked: Oct 21 at 7:06AM
MLS# 1891126
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 1,964-square-foot brick triplex, built in 1910, contains three apartments: a two-bedroom loft-style unit, a one-bedroom unit, and a four-bedroom, two-bath unit. Improvements include renovated bathrooms, newer appliances, an updated kitchen, and LVP flooring across much of the property. The apartments are leased through July 2027.
The property is near the University of Cincinnati and has off-street parking for eight vehicles. The 0.081-acre site also offers on-street parking.
The property is near the University of Cincinnati and has off-street parking for eight vehicles. The 0.081-acre site also offers on-street parking.
Key Highlights
- Three apartments with one-, two-, and four‑bedroom layouts
- 1,964 square feet on a 0.081‑acre lot
- Leased through July 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,456
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,120
$329.1K
Cap Rate 7%
$235,086
$235.1K
Cap Rate 9%
$182,844
$182.8K
Market Conditions
NOI Build-Up for 1,964 SF
Gross rent
$25.0K $12.72/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.5K $11.97/SF
− OpEx
−$7.1K −$3.59/SF
NOI
$16.5K $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%
$329,120
Cap Rate 7%
$235,086
Cap Rate 9%
$182,844
Alternative Uses
Best Use
Multifamily LT 5
$235.1K
$205.7K – $274.3K
NOI $16,456 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$208.5K
$182.4K – $243.2K
NOI $14,592 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$390.4K
$341.6K – $455.5K
NOI $27,329 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 45219, OH
20,644
Population
8,023
Households
2.6
Avg Household Size
25
Median Age
50%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
12,903
Density / Sq Mi
$35,936
Median Household Income
$12,462
Median Earnings
$1,166
Median Rent
$222,500
Median Home Value
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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?
Triplex - The three apartments offer one-, two-, and four-bedroom layouts, with renovated bathrooms and newer appliances.
Where is this triplex located?
The property is located at 215 Warner Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: Three apartments with one-, two-, and four‑bedroom layouts; 1,964 square feet on a 0.081‑acre lot; Leased through July 2027
