Quadplex with Separate Furnaces and Central
For Sale
$345,000
Pending
2370 Losantiville Avenue, Golf Manor, OH 45237
Residential Income, Golf Manor, OH
Property Size3,012 SF
Lot Size0.13 Acres
Days on Market51
Property Features for 2370 Losantiville Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Garage, Off Street
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
Montgomery to Losantiville (close to Pleasant Ridge)
Subdivision
Hamilton-E02
Standard status
Pending
APN
528-0004-0330-00
Size
3,012 SF
Lot size
0.13 Acres
Utilities
Heating system
Forced Air
Amenities
separate furnaces/central air
Building Details
Year built
1949
Number of units
4
Building materials
Brick
Roof type
Membrane
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Jerry Garrison · License #433588
(513) 766-9200
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 20 at 10:06PM
MLS# 1885206
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.
Investment Insights
Based on property information with market context.
This quadplex offers four residential units in a brick building with forced-air heating and separate furnaces with central air for the apartments. The property is described as easy to maintain, with a newer roof, updated electric, vinyl windows, and a recently installed water heater. The roof is listed as membrane.
The unit mix includes two 2-bedroom apartments and two 1-bedroom apartments. Apartments 1, 2, and 4 are described as leased month-to-month, while Apartment 3 is currently vacant and has been turned and is move-in ready.
Additional site and parking details include a 0.133-acre lot and approximately 3,012 square feet of building area, with parking available on-street, off-street, and in a 4-car garage. The property is also described as FHA and VA eligible.
The unit mix includes two 2-bedroom apartments and two 1-bedroom apartments. Apartments 1, 2, and 4 are described as leased month-to-month, while Apartment 3 is currently vacant and has been turned and is move-in ready.
Additional site and parking details include a 0.133-acre lot and approximately 3,012 square feet of building area, with parking available on-street, off-street, and in a 4-car garage. The property is also described as FHA and VA eligible.
Key Highlights
- Two 2‑bedroom and two 1‑bedroom apartments in a brick quadplex
- Apartments 1, 2, and 4 leased month‑to‑month; Apt 3 vacant, turned, and move‑in ready
- 0.133‑acre lot with about 3,012 SF building area
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
$28,419
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
8.24%
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%
$568,380
$568.4K
Cap Rate 7%
$405,986
$406.0K
Cap Rate 9%
$315,767
$315.8K
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
$43.0K $14.28/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$40.6K $13.48/SF
− OpEx
−$12.2K −$4.04/SF
NOI
$28.4K $9.44/SF
Area
Hamilton County, OH
Vacancy
5.61%
Lease Rate
$14.28 /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%
$568,380
Cap Rate 7%
$405,986
Cap Rate 9%
$315,767
Alternative Uses
Best Use
Multifamily LT 5
$406.0K
$355.2K – $473.7K
NOI $28,419 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$371.5K
$325.0K – $433.4K
NOI $26,002 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$540.0K
$472.5K – $630.0K
NOI $37,799 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick quadplex featuring updated systems, vinyl windows, and a mix of two 2-bedroom and two 1-bedroom apartments.
Where is this quadplex located?
The property is located at 2370 Losantiville Avenue Golf Manor, 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: Two 2‑bedroom and two 1‑bedroom apartments in a brick quadplex; Apartments 1, 2, and 4 leased month‑to‑month; Apt 3 vacant, turned, and move‑in ready; 0.133‑acre lot with about 3,012 SF building area
