Historic Brick
For Sale
$514,900
236 Loraine Ave, Cincinnati, OH 45220
Three updated kitchens complement classic interior details and hardwood floors.
Property Size2,733 SF
Price / SF$188.40
Days on Market54
Property Features for 236 Loraine Ave
General Information
Standard status
Active
Size
2,733 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1890
Construction
brick
Listing Agency:
Comey & Shepherd
Listed By:
Mare Warner Colina
(513) 263-0303
Source:
Cincylivingwithangela
Added: Aug 14
Changed: Sep 10
Last Checked: Oct 6 at 12:27AM
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 Comey & Shepherd
Investment Insights
Based on property information with market context.
This three-unit brick property includes three spacious 2-bedroom, 1-bath residences with hardwood flooring, abundant natural light, and period architectural features. Each apartment offers generous living areas, while kitchen renovations and bathroom updates add contemporary functionality to the historic design. The building was designed by architect Samuel Hannaford.
Located at 236 Loraine Ave in Cincinnati’s Clifton Gaslight area, the property is within walking distance of Skyline, Graeter’s, The Esquire, and the restaurants and shops along Ludlow Avenue. The University of Cincinnati and area hospitals are also nearby, providing established surrounding context for the property.
Located at 236 Loraine Ave in Cincinnati’s Clifton Gaslight area, the property is within walking distance of Skyline, Graeter’s, The Esquire, and the restaurants and shops along Ludlow Avenue. The University of Cincinnati and area hospitals are also nearby, providing established surrounding context for the property.
Key Highlights
- Three 2‑bedroom, 1‑bath units in one brick triplex
- Renovated kitchens across all three residences
- Bathroom updates complement the historic interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,899
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,980
$458.0K
Cap Rate 7%
$327,129
$327.1K
Cap Rate 9%
$254,433
$254.4K
Market Conditions
NOI Build-Up for 2,733 SF
Gross rent
$34.8K $12.72/SF
− Vacancy
−$2.1K −$0.75/SF
EGI
$32.7K $11.97/SF
− OpEx
−$9.8K −$3.59/SF
NOI
$22.9K $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%
$457,980
Cap Rate 7%
$327,129
Cap Rate 9%
$254,433
Alternative Uses
Best Use
Multifamily LT 5
$327.1K
$286.2K – $381.7K
NOI $22,899 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$290.1K
$253.8K – $338.4K
NOI $20,306 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$543.3K
$475.4K – $633.8K
NOI $38,030 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 45220, OH
15,466
Population
7,400
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
5,333
Density / Sq Mi
$51,404
Median Household Income
$26,866
Median Earnings
$954
Median Rent
$385,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated kitchens complement classic interior details and hardwood floors.
Where is this triplex located?
The property is located at 236 Loraine Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units in one brick triplex; Renovated kitchens across all three residences; Bathroom updates complement the historic interiors
