Duplex with Separate
For Sale
$299,900
2156 W Clifton Avenue, Cincinnati, OH 45219
Two leased apartments have individual utility service and dedicated heating and cooling systems.
Property Size1,360 SF
Price / SF$220.51
Days on Market41
Property Features for 2156 W Clifton Avenue
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Multi Family Home
Occupancy
100%
Site & Location
Neighborhood
Otr
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
LVP flooring
updated kitchens
updated bathrooms
Daikin ductless mini-split systems
fresh paint
updated lighting
refreshed cabinetry
kitchen islands
new appliances
front porch
private rear courtyard with pergola and built-in bench
basement storage
Deck
Porch
Building Details
Building Size
1,360 SF
Year Built
1895
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(513) 321-9944
Listed By:
Christopher R Sandker
(513) 348-6156
Source:
Falgnerrealty
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1895 duplex contains two one-bedroom, one-bath apartments, with 1,360 square feet of property area. Both units are rented and have separate utilities, updated kitchens and bathrooms, LVP flooring, and individual Daikin ductless mini-split systems for heating and cooling. Improvements also include fresh paint, updated lighting, refreshed cabinetry, kitchen islands, and new appliances. Basement storage areas provide dedicated space for each unit, with additional usable basement area. The exterior includes a front porch and a rear courtyard with a pergola and built-in bench. The property is in Clifton, minutes from the University of Cincinnati, with nearby parking and access to restaurants and neighborhood amenities.
Key Highlights
- Two one‑bedroom, one‑bath units; both are rented
- 1,360 square feet of property area
- Separate utilities and Daikin ductless mini‑split heating and cooling in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,395
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,900
$227.9K
Cap Rate 7%
$162,786
$162.8K
Cap Rate 9%
$126,611
$126.6K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$17.3K $12.72/SF
− Vacancy
−$1.0K −$0.75/SF
EGI
$16.3K $11.97/SF
− OpEx
−$4.9K −$3.59/SF
NOI
$11.4K $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%
$227,900
Cap Rate 7%
$162,786
Cap Rate 9%
$126,611
Alternative Uses
Best Use
Multifamily LT 5
$162.8K
$142.4K – $189.9K
NOI $11,395 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,105 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$270.3K
$236.6K – $315.4K
NOI $18,924 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,671
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?
Duplex - Two leased apartments have individual utility service and dedicated heating and cooling systems.
Where is this duplex located?
The property is located at 2156 W Clifton Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units; both are rented; 1,360 square feet of property area; Separate utilities and Daikin ductless mini‑split heating and cooling in each apartment
