Renovated Duplex with Two-Car
For Sale
$1,000,000
2342 Upland Place, Cincinnati, OH 45206
The legal two-family home offers separate kitchens, laundry areas, and outdoor spaces across a spacious residential layout.
Property Size4,917 SF
Price / SF$203.38
Days on Market20
Property Features for 2342 Upland Place
General Information
Standard status
Active
Size
4,917 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Site & Location
Neighborhood
East Walnut Hills
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
4,917 SF
Year Built
1885
Year Renovated
2018
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Bastion Realty
(513) 202-3004
Listed By:
Ron Adams
(513) 675-1777
Source:
Galbraithrealtors
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 23 at 4:33PM
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 Bastion Realty
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Investment Insights
Based on property information with market context.
This legal two-family home contains 4,917 square feet, including 8 bedrooms, 6 full bathrooms, and a full basement. Renovations completed in 2018 covered major building systems, kitchens, bathrooms, flooring, windows, insulation, appliances, laundry areas, sewer and drain work, and exterior improvements. The property also includes a large front porch, multiple balconies and decks, outdoor space behind the garage, and a two-car garage.
The home is occupied by tenants under one-year leases. Built in 1885, it is located in East Walnut Hills in Cincinnati.
The home is occupied by tenants under one-year leases. Built in 1885, it is located in East Walnut Hills in Cincinnati.
Key Highlights
- 4,917‑square‑foot legal two‑family property
- 8 bedrooms and 6 full bathrooms
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,198
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,960
$824.0K
Cap Rate 7%
$588,543
$588.5K
Cap Rate 9%
$457,756
$457.8K
Market Conditions
NOI Build-Up for 4,917 SF
Gross rent
$62.5K $12.72/SF
− Vacancy
−$3.7K −$0.75/SF
EGI
$58.9K $11.97/SF
− OpEx
−$17.7K −$3.59/SF
NOI
$41.2K $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 Rate 5%
$823,960
Cap Rate 7%
$588,543
Cap Rate 9%
$457,756
Alternative Uses
Best Use
Multifamily LT 5
$588.5K
$515.0K – $686.6K
NOI $41,198 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$521.9K
$456.7K – $608.9K
NOI $36,533 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$977.4K
$855.3K – $1.14M
NOI $68,420 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
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Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The legal two-family home offers separate kitchens, laundry areas, and outdoor spaces across a spacious residential layout.
Where is this duplex located?
The property is located at 2342 Upland Place Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,917‑square‑foot legal two‑family property; 8 bedrooms and 6 full bathrooms; Full basement
