Renovated Four-Unit Apartment
New
For Sale
$395,000
2390 W North Bend Road, Cincinnati, OH 45239
Residential Income, Cincinnati, OH
Property Size3,606 SF
Lot Size0.19 Acres
Price / SF$109.54
Days on Market7
Property Features for 2390 W North Bend Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Driveway
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
Van Leunen to North Bend
Subdivision
Hamilton-W09
Standard status
Active
APN
228-0003-0116-00
Size
3,606 SF
Lot size
0.19 Acres
Utilities
Heating system
Forced Air
Amenities
individual HVAC
Building Details
Year built
1977
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Jerry Garrison · License #433588
(513) 325-2245
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 6 at 9:06AM
MLS# 1895890
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 3,606-square-foot brick apartment building contains four renovated units: two with one bedroom and two with two bedrooms. Kitchens and bathrooms have been updated, and each apartment has individual HVAC. The building was constructed in 1977 and sits on a 0.189-acre lot.
All four apartments are leased. Forced-air heating serves the property, with driveway and on-street parking available.
All four apartments are leased. Forced-air heating serves the property, with driveway and on-street parking available.
Key Highlights
- Four apartments: two one‑bedroom units and two two‑bedroom units
- 3,606 square feet on a 0.189‑acre lot
- Renovated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,213
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,260
$604.3K
Cap Rate 7%
$431,614
$431.6K
Cap Rate 9%
$335,700
$335.7K
Market Conditions
NOI Build-Up for 3,606 SF
Gross rent
$45.9K $12.72/SF
− Vacancy
−$2.7K −$0.75/SF
EGI
$43.2K $11.97/SF
− OpEx
−$12.9K −$3.59/SF
NOI
$30.2K $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%
$604,260
Cap Rate 7%
$431,614
Cap Rate 9%
$335,700
Alternative Uses
Best Use
Multifamily LT 5
$431.6K
$377.7K – $503.6K
NOI $30,213 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$382.7K
$334.9K – $446.5K
NOI $26,792 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$716.8K
$627.2K – $836.3K
NOI $50,178 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 45239, OH
28,499
Population
12,985
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,276
Median Household Income
$37,094
Median Earnings
$949
Median Rent
$155,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - A fully leased brick property with a balanced mix of one- and two-bedroom apartments.
Where is this quadplex located?
The property is located at 2390 W North Bend Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; 3,606 square feet on a 0.189‑acre lot; Renovated kitchens and bathrooms
