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    Norwood Multifamily Investment Opportunity Title is generated by Realmo AI

    2310 Buxton Avenue, Norwood, OH 45212

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    Pending
    $375,000

    MULTI_FAMILY - Norwood, OH

    Property size:
    2,530 SF
    Lot size:
    0.17 Acres
    Added:
    May 1, 2026
    Days on Market:
    14
    Last Refresh:
    May 14 at 9:06 am

    Property Features for 2310 Buxton Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Window features
    Vinyl Frames
    Fireplace
    1
    Standard status
    Pending
    APN
    651-0010-0054-00
    Size
    2,530 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1915
    Number of units
    5
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Rhonda Ciallella

    Listing agent Rhonda Ciallella

    Listing office Plum Tree Realty 9078 Union Centre Blvd Ste 350, West Chester, OH

    Listing date May 1, 2026

    MLS# 1877513 Listing URL

    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.

    HighLights

    • Investment opportunity: 2‑unit property in the heart of Norwood.
    • Extensive recent updates: New roof, gutters, downspouts, concrete steps/walkway, breaker panel/main line, gas lines, balcony, and front deck all installed between 2024‑2026.
    • Central air conditioning: Converted with new AC units installed in 2026.
    • Separate upper and lower units: 2 bedrooms on the main level and 3 bedrooms on the upper level.
    • Updated plumbing: New PVC pipe connecting to the main line (replaced clay pipe in 2024).
    • Durable construction: Brick construction with shingle roof.

    Overview

    This two-unit property presents an investment opportunity in Norwood, Ohio. The two-story building features an upper and lower unit. The main level unit includes two bedrooms, while the upper level unit offers three bedrooms. Numerous updates and renovations have been completed. LVP flooring was installed in 2025, along with a bathroom renovation in unit 1. The roof and gutters were replaced in 2025, and downspouts were updated in 2026. Concrete steps and a walkway were added in 2025. A separate breaker panel and main line were installed in 2025, and the property was converted to central air with new AC units in 2026. Furnaces were replaced in 2019 and 2021 and cleaned and serviced in 2026. New PVC pipe connecting to the main line replaced the clay pipe in 2024, and new gas lines were installed in 2025. A balcony was added in 2024, along with a front deck in 2024. The property is tenant occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4492367
    Latitude
    39.1680303

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    FAQs

    What type of property is this?
    Apartment building - Two-unit property in Norwood with recent renovations and updates.
    Where is this apartment building located?
    The property is located at 2310 Buxton Avenue Norwood, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Investment opportunity: 2‑unit property in the heart of Norwood.; Extensive recent updates: **New roof, gutters, downspouts, concrete steps/walkway, breaker panel/main line, gas lines, balcony, and front deck** all installed between 2024‑2026.; Central air conditioning: Converted with new AC units installed in 2026.
    (513) 378-4663
    We can help!
    Listing Contact
    Rhonda Ciallella
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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