Duplex with Three
For Sale
$388,000
2320 Maplewood Avenue, Cincinnati, OH 45219
Residential Income, Cincinnati, OH
Property Size2,587 SF
Lot Size0.11 Acres
Price / SF$149.98
Days on Market349
Property Features for 2320 Maplewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
McGregor Ave to Maplewood
Subdivision
Hamilton-E01
Standard status
Active
APN
089-0002-0017-00
Size
2,587 SF
Lot size
0.11 Acres
Utilities
Heating system
Natural Gas
Amenities
fenced yard
Building Details
Year built
1884
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
OwnerLand Realty, Inc.
(513) 805-4040
Listed By:
Lei Liu
(513) 479-1324
Added: Sep 20, 2025
Changed: Aug 19
Last Checked: Sep 3 at 7:06PM
MLS# 1855877
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.
This Mt. Auburn duplex contains 2,587 square feet with 7 bedrooms, 3 full bathrooms, and 3 kitchens. The 1884 property has vinyl siding, shingle roofing, natural gas heat, and off-street parking. Interior improvements include LVP flooring throughout, while the roof and HVAC are newer. A partially finished walkout lower level extends to a fenced yard, adding useful transition space between the home and exterior areas.
The property is positioned in Cincinnati’s Mt. Auburn area with convenient access to the University of Cincinnati and downtown. The 0.112-acre parcel combines a multi-bedroom layout with separate kitchen areas and outdoor space, supporting the existing duplex configuration.
The property is positioned in Cincinnati’s Mt. Auburn area with convenient access to the University of Cincinnati and downtown. The 0.112-acre parcel combines a multi-bedroom layout with separate kitchen areas and outdoor space, supporting the existing duplex configuration.
Key Highlights
- 7 bedrooms, 3 full bathrooms, and 3 kitchens
- 2,587‑square‑foot duplex on a 0.112‑acre parcel
- Newer roof and HVAC systems
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
$21,676
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
5.59%
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%
$433,520
$433.5K
Cap Rate 7%
$309,657
$309.7K
Cap Rate 9%
$240,844
$240.8K
Market Conditions
NOI Build-Up for 2,587 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
$32.9K $12.72/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$31.0K $11.97/SF
− OpEx
−$9.3K −$3.59/SF
NOI
$21.7K $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 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%
$433,520
Cap Rate 7%
$309,657
Cap Rate 9%
$240,844
Alternative Uses
Best Use
Multifamily LT 5
$309.7K
$271.0K – $361.3K
NOI $21,676 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$514.3K
$450.0K – $600.0K
NOI $35,998 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,580
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
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Frequently Asked Questions
What type of property is this?
Duplex - Mt. Auburn duplex with updated systems, flexible interior space, and a fenced yard with walkout lower-level access.
Where is this duplex located?
The property is located at 2320 Maplewood Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: 7 bedrooms, 3 full bathrooms, and 3 kitchens; 2,587‑square‑foot duplex on a 0.112‑acre parcel; Newer roof and HVAC systems
