Three-Unit Triplex with Hardwood
For Sale
$250,000
2200 Lawn Ave, Cincinnati, OH 45212
A 2,544-square-foot building near Xavier University contains two two-bedroom units and one one-bedroom unit.
Property Size2,544 SF
Price / SF$98.27
Days on Market9
Property Features for 2200 Lawn Ave
General Information
Standard status
Active
Size
2,544 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
With some TLC
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Sibcy Cline, Inc.
(513) 793-2700
Listed By:
Kyle Sticklen
(513) 646-9187
Source:
Exprealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 15 at 4:22AM
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 Sibcy Cline, Inc.
Investment Insights
Based on property information with market context.
This 2,544-square-foot triplex is arranged as two two-bedroom residences and one one-bedroom residence. Tall ceilings and hardwood floors are among the interior features. The property is located on Lawn Avenue, just off Montgomery Road, with Xavier University nearby.
Key Highlights
- Three‑unit layout: two two‑bedroom residences and one one‑bedroom residence
- 2,544 square feet of building area
- Tall ceilings and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,315
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,300
$426.3K
Cap Rate 7%
$304,500
$304.5K
Cap Rate 9%
$236,833
$236.8K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$32.4K $12.72/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$30.5K $11.97/SF
− OpEx
−$9.1K −$3.59/SF
NOI
$21.3K $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%
$426,300
Cap Rate 7%
$304,500
Cap Rate 9%
$236,833
Alternative Uses
Best Use
Multifamily LT 5
$304.5K
$266.4K – $355.3K
NOI $21,315 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$270.0K
$236.3K – $315.0K
NOI $18,902 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$505.7K
$442.5K – $590.0K
NOI $35,400 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
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 - A 2,544-square-foot building near Xavier University contains two two-bedroom units and one one-bedroom unit.
Where is this triplex located?
The property is located at 2200 Lawn Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three‑unit layout: two two‑bedroom residences and one one‑bedroom residence; 2,544 square feet of building area; Tall ceilings and hardwood flooring
