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    Mixed-Use Investment in Walnut Hills Title is generated by Realmo AI

    2340 Laredo Avenue, Cincinnati, OH 45206

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    Claim this Listing
    For Sale
    $629,000

    COMMERCIAL - Cincinnati, OH

    Property size:
    4,099 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $153/SF
    Added:
    Jan 22, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 13 at 7:06 pm

    Property Features for 2340 Laredo Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Exterior features
    Sidewalks
    Standard status
    Active
    APN
    063-0003-0103-00
    Size
    4,099 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1880
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Shingle, Membrane

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    Listing Contact
    Alicia Stoughton
    Alicia Stoughton

    Listing agent Alicia Stoughton

    Listing office Keller Williams Advisors 2105 Grandin Road, Cincinnati, OH

    Listing date Jan 22, 2026

    MLS# 1867048

    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

    • Mixed‑use property with 2 connected buildings and over 4,000 sq ft in Walnut Hills
    • 2337 Victory Parkway: 7 private suites with shared lobby, restrooms, kitchenette, and workspace (3 occupied; 4 recently renovated)
    • 2340 Laredo: 2 rental units—2nd‑floor 1 bed/1 bath VRBO/Airbnb with midterm renter plus 3rd‑floor studio with long‑term tenant
    • Recent improvements over $80k including paint/plaster, flooring, windows, electrical, and landscaping
    • Year built 1880 with brick exterior, vinyl flooring, and baseboard heating; shingle and membrane roof
    • Off‑street parking and exterior entrances from both Victory Parkway and Laredo Ave; shared basement laundry

    Overview

    This mixed-use investment opportunity is located in the desirable Walnut Hills neighborhood. The property consists of over 4000 square feet in two connected buildings, with off-street parking and exterior entrances from both Victory Parkway and Laredo Avenue. Recent improvements exceed $80,000 and include paint, plaster, flooring, windows, electrical work, and landscaping. The building at 2337 Victory Parkway features seven private suites with a shared lobby, restrooms, kitchenette, and workspace. Three suites are currently occupied, and four additional suites have been recently renovated, suitable for professional or salon uses. The 2340 Laredo building contains two rental units. The second floor features a one-bedroom, one-bath unit currently occupied by a midterm renter and utilized as a VRBO/Airbnb. The third floor has a studio apartment occupied by a long-term tenant. Shared laundry facilities are located in the basement. Utility expenses are calculated based on 2025 monthly averages. Leases include a 60-day termination clause, allowing for flexible occupancy and use.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $88.5k $21.60
    − Vacancy −$8.9k −$2.16
    EGI $79.7k $19.44
    − OpEx −$29.9k −$7.29
    NOI $49.8k $12.15
    4,099 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $711.5K
    $622.5K – $830.1K (±1% cap)
    NOI $49,803 @ 7.0% cap · market cap 7.92%
    Second Best
    Office B
    $698.9K
    $611.5K – $815.4K (±1% cap)
    NOI $48,922 @ 7.0% cap · market cap 7.78%
    Theoretical Best
    Office A
    $814.8K
    $713.0K – $950.6K (±1% cap)
    NOI $57,038 @ 7.0% cap · market cap 9.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.48503
    Latitude
    39.123963

    FAQs

    What type of property is this?
    Mixed-use property - Turnkey mixed-use property with income potential in Cincinnati, OH.
    Where is this mixed-use property located?
    The property is located at 2340 Laredo Avenue Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: Mixed‑use property with 2 connected buildings and over 4,000 sq ft in Walnut Hills; 2337 Victory Parkway: 7 private suites with shared lobby, restrooms, kitchenette, and workspace (3 occupied; 4 recently renovated); 2340 Laredo: 2 rental units—2nd‑floor 1 bed/1 bath VRBO/Airbnb with midterm renter plus 3rd‑floor studio with long‑term tenant
    More about this property
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