Brick
For Sale
$195,000
2307 Vine Street, Cincinnati, OH 45219
Residential Income, Cincinnati, OH
Property Size2,215 SF
Lot Size0.06 Acres
Price / SF$88.04
Days on Market12
Property Features for 2307 Vine Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
North on Vine
Subdivision
Hamilton-E01
Standard status
Active
APN
095-0004-0114-00
Size
2,215 SF
Lot size
0.06 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1911
Number of units
2
Building materials
Brick, Wood Siding
Roof type
Shingle
Listing Agency:
ERA REAL Solutions Realty. LLC · ERA Real Estate
(513) 891-9300
Listed By:
Sami Kassem
(513) 283-4299
Added: Aug 19
Last Checked: Aug 30 at 12:06PM
MLS# 1890825
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.
Investment Insights
Based on property information with market context.
Built in 1911, this duplex contains 2,215 square feet on a 0.056-acre lot. The structure combines brick and wood siding with a shingle roof, while natural-gas heating serves the property. On-street parking is provided.
The property is located on Vine Street in Cincinnati’s 45219 ZIP code, near the University of Cincinnati, Over-the-Rhine, and I-71. Interior remodeling is needed, and the sale is offered in its existing condition.
The property is located on Vine Street in Cincinnati’s 45219 ZIP code, near the University of Cincinnati, Over-the-Rhine, and I-71. Interior remodeling is needed, and the sale is offered in its existing condition.
Key Highlights
- Duplex measuring 2,215 square feet
- 0.056‑acre lot in Cincinnati’s 45219 ZIP code
- Built in 1911 with brick and wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,140
$329.1K
Cap Rate 7%
$235,100
$235.1K
Cap Rate 9%
$182,856
$182.9K
Market Conditions
NOI Build-Up for 2,215 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.6K $14.28/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$29.9K $13.51/SF
− OpEx
−$13.5K −$6.08/SF
NOI
$16.5K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,140
Cap Rate 7%
$235,100
Cap Rate 9%
$182,856
Alternative Uses
Best Use
Multifamily LT 5
$265.1K
$232.0K – $309.3K
NOI $18,559 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$235.1K
$205.7K – $274.3K
NOI $16,457 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$440.3K
$385.3K – $513.7K
NOI $30,822 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,632
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
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 - Two-unit property with brick construction, natural-gas heating, and on-street parking.
Where is this duplex located?
The property is located at 2307 Vine Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Duplex measuring 2,215 square feet; 0.056‑acre lot in Cincinnati’s 45219 ZIP code; Built in 1911 with brick and wood siding
