Renovated
New
For Sale
$319,000
222 Klotter Avenue, Cincinnati, OH 45219
The vacant residence contains two updated apartments, each with a refreshed kitchen, bathroom, and flooring.
Property Size1,816 SF
Days on Market4
Property Features for 222 Klotter Avenue
General Information
Standard status
Active
Size
1,816 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Building Size
1,816 SF
Year Built
1909
Listing Agency:
3CRE Residential Advisors, LLC
Listed By:
Rachel Thompson
(513) 474-3500
Source:
Trulyremarkableservice.kw
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:21AM
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 3CRE Residential Advisors, LLC
Investment Insights
Based on property information with market context.
This duplex dates to 1909 and contains two vacant apartments: one with two bedrooms and one with a single bedroom. Recent work includes refreshed kitchens with granite countertops, updated bathrooms, and new flooring. Both units are described as move-in ready.
The property is at 222 Klotter Avenue in Cincinnati, minutes from the University of Cincinnati, Findlay Market, OTR, and the CUF district.
The property is at 222 Klotter Avenue in Cincinnati, minutes from the University of Cincinnati, Findlay Market, OTR, and the CUF district.
Key Highlights
- Two apartments: one 2‑bedroom unit and one 1‑bedroom unit
- Both units are vacant and move‑in ready
- Updated kitchens feature granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,216
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,320
$304.3K
Cap Rate 7%
$217,371
$217.4K
Cap Rate 9%
$169,067
$169.1K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$23.1K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$21.7K $11.97/SF
− OpEx
−$6.5K −$3.59/SF
NOI
$15.2K $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%
$304,320
Cap Rate 7%
$217,371
Cap Rate 9%
$169,067
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.2K – $253.6K
NOI $15,216 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$192.8K
$168.7K – $224.9K
NOI $13,493 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$361.0K
$315.9K – $421.2K
NOI $25,270 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,627
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The vacant residence contains two updated apartments, each with a refreshed kitchen, bathroom, and flooring.
Where is this duplex located?
The property is located at 222 Klotter Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two apartments: one 2‑bedroom unit and one 1‑bedroom unit; Both units are vacant and move‑in ready; Updated kitchens feature granite countertops
