Updated Condo with Private
2324 Madison Road #209, Cincinnati, OH 45208
For Sale
$189,000
Tastefully updated condo with treetop views, in-unit laundry.
Property Size1,207 SF
Price / SF$156.59
Days on Market445
Property Features for 2324 Madison Road #209
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Gas
Central Air
Hot Water
Gas Cooktop
Microwave
Oven/Range
Refrigerator
Deck, Built-Up
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Michael Hinckley
(513) 608-1886
Source:
Kw
Added: Aug 22, 2025
Changed: Nov 8
Last Checked: Jul 16 at 6:51AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This sun-filled second-floor condo in Madison House features over 1200 square feet of living space with tasteful updates. A tranquil, private, covered terrace overlooks treetops and a pool. The unit includes rare in-unit laundry, hardwood floors, a granite and stainless steel kitchen with a gas range, and two updated full baths. Additional features include bookcases and ample closet space. The building offers an elevator, doorman, and fitness center. Garage parking is available for an additional fee.
Key Highlights
- Sun‑filled 2nd floor condo with a private covered terrace overlooking treetops and pool.
- Over 1200 sq feet of living space with tasteful updates throughout.
- Rare in‑unit laundry for added convenience.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,968
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,360
$179.4K
Cap Rate 7%
$128,114
$128.1K
Cap Rate 9%
$99,644
$99.6K
Market Conditions
NOI Build-Up for 1,207 SF
Gross rent
$17.2K $14.28/SF
− Vacancy
−$931 −$0.77/SF
EGI
$16.3K $13.51/SF
− OpEx
−$7.3K −$6.08/SF
NOI
$9.0K $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 Rate 5%
$179,360
Cap Rate 7%
$128,114
Cap Rate 9%
$99,644
Alternative Uses
Best Use
Apartment 5plus
$128.1K
$112.1K – $149.5K
NOI $8,968 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.9K
$209.9K – $279.9K
NOI $16,795 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
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Business Placement
Demographics for 45208, OH
18,969
Population
8,928
Households
2.1
Avg Household Size
37
Median Age
83%
College-Educated
99%
High-School Grad
4.3 sq mi
ZIP Area
4,411
Density / Sq Mi
$133,213
Median Household Income
$76,143
Median Earnings
$1,315
Median Rent
$491,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Tastefully updated condo with treetop views, in-unit laundry.
Where is this apartment building located?
The property is located at 2324 Madison Road #209 Cincinnati, OH.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Sun‑filled 2nd floor condo with a private covered terrace overlooking treetops and pool.; Over 1200 sq feet of living space with tasteful updates throughout.; Rare in‑unit laundry for added convenience.
