Four-Level Duplex
For Sale
$275,000
2222 Eureka Terrace, Cincinnati, OH 45219
Historic duplex-zoned property with garage parking, separate electric service, and proximity to UC and Bellevue Park.
Property Size1,914 SF
Price / SF$143.68
Days on Market68
Property Features for 2222 Eureka Terrace
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
fireplaces are inoperable
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Stories
4
Listing Agency:
Comey & Shepherd
Listed By:
Robert Nyswonger
(513) 310-1270
Source:
Lovdalgroup
Added: Aug 8
Changed: Oct 3
Last Checked: Oct 13 at 12:44AM
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 Comey & Shepherd
Investment Insights
Based on property information with market context.
Built in 1900, this 1,914-square-foot property extends across four levels and is zoned for duplex use. It has operated as a single-family residence for many years, offering a distinctive configuration within a historic structure. Original construction details and fireplaces contribute to the building’s character; the fireplaces are currently inoperable.
The property includes a garage and driveway parking. Electrical service is separately metered, while the owner pays the heat expense. Its location is described as walkable to UC and a short walk from Bellevue Park. An alarm is present, with showing instructions provided separately.
The property includes a garage and driveway parking. Electrical service is separately metered, while the owner pays the heat expense. Its location is described as walkable to UC and a short walk from Bellevue Park. An alarm is present, with showing instructions provided separately.
Key Highlights
- 1,914‑square‑foot property built in 1900
- Four‑level layout with duplex zoning
- Used as a single‑family residence for many years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,037
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,740
$320.7K
Cap Rate 7%
$229,100
$229.1K
Cap Rate 9%
$178,189
$178.2K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$24.3K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$22.9K $11.97/SF
− OpEx
−$6.9K −$3.59/SF
NOI
$16.0K $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%
$320,740
Cap Rate 7%
$229,100
Cap Rate 9%
$178,189
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.5K – $267.3K
NOI $16,037 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$203.2K
$177.8K – $237.0K
NOI $14,221 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,633 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,634
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
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Frequently Asked Questions
What type of property is this?
Duplex - Historic duplex-zoned property with garage parking, separate electric service, and proximity to UC and Bellevue Park.
Where is this duplex located?
The property is located at 2222 Eureka Terrace Cincinnati, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,914‑square‑foot property built in 1900; Four‑level layout with duplex zoning; Used as a single‑family residence for many years
