Brick Quadplex With Garage
For Sale
$345,000
Pending
2370 Losantiville Ave, Cincinnati, OH 45237
Four-unit brick property with central air, separate furnaces, and updated electrical service.
Property Size3,012 SF
Days on Market51
Property Features for 2370 Losantiville Ave
General Information
Standard status
Pending
Size
3,012 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 2 bedroom, 2 x 1 bedroom
Multifamily Units
4
Building Details
Construction
Brick
Listing Agency:
Keller Williams Advisors
3252245
Listed By:
Jerry T. Garrison · License #433588
3252245
Source:
Exprealty
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 20 at 3:12AM
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 Keller Williams Advisors
Investment Insights
Based on property information with market context.
This brick quadplex at 2370 Losantiville Ave includes two two-bedroom apartments and two one-bedroom apartments within 3,012 square feet. Building improvements include separate furnaces, central air, vinyl windows, a newer roof, updated electric, and a recently installed water heater. Four-car garage parking adds on-site convenience.
Apartments 1, 2, and 4 are leased on a month-to-month basis, while Apartment 3 is vacant, turned, and ready for occupancy. The property is identified as FHA- and VA-eligible, providing additional financing flexibility for qualified purchasers.
Apartments 1, 2, and 4 are leased on a month-to-month basis, while Apartment 3 is vacant, turned, and ready for occupancy. The property is identified as FHA- and VA-eligible, providing additional financing flexibility for qualified purchasers.
Key Highlights
- Quadplex with two 2‑bedroom and two 1‑bedroom apartments
- 3,012 SF brick building with a newer roof and vinyl windows
- Separate furnaces and central air
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
$25,237
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
7.32%
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%
$504,740
$504.7K
Cap Rate 7%
$360,529
$360.5K
Cap Rate 9%
$280,411
$280.4K
Market Conditions
NOI Build-Up for 3,012 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
$38.3K $12.72/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$36.1K $11.97/SF
− OpEx
−$10.8K −$3.59/SF
NOI
$25.2K $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 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%
$504,740
Cap Rate 7%
$360,529
Cap Rate 9%
$280,411
Alternative Uses
Best Use
Multifamily LT 5
$360.5K
$315.5K – $420.6K
NOI $25,237 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$319.7K
$279.7K – $373.0K
NOI $22,379 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$598.7K
$523.9K – $698.5K
NOI $41,912 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 45237, OH
21,029
Population
10,976
Households
1.9
Avg Household Size
41
Median Age
29%
College-Educated
88%
High-School Grad
6.1 sq mi
ZIP Area
3,447
Density / Sq Mi
$43,598
Median Household Income
$34,276
Median Earnings
$863
Median Rent
$158,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit brick property with central air, separate furnaces, and updated electrical service.
Where is this quadplex located?
The property is located at 2370 Losantiville Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Quadplex with two 2‑bedroom and two 1‑bedroom apartments; 3,012 SF brick building with a newer roof and vinyl windows; Separate furnaces and central air
