2440 Kenilworth Avenue Norwood, OH 45212
MULTI_FAMILY - Norwood, OH
- Added:
- Jul 2, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 11 at 8:06 am
Property Features for 2440 Kenilworth Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Driveway
- Window features
- Vinyl Frames
- Standard status
- Pending
- APN
- 6510029001800
- Size
- 2,413 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1919
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
- Roof type
- Shingle
Listing agent Arthur Greenlee License #2021000929 (866) 212-4991
Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH (866) 212-4991
Listing date Jul 2, 2026
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.
The home is located in Norwood and is described as within walking distance to Factory 52. It is also noted to be just minutes from Rookwood Commons, Xavier University, Downtown Cincinnati, and I-71, supporting convenient day-to-day access for residents.
For buyers seeking a straightforward residential income asset, this duplex provides two active leases already in place through 2026, along with on-site storage and parking amenities. The full basement and detached garage add practical utility for residents, while the off-street parking can help reduce reliance on on-street spaces. With both units currently operating as leased rentals, the property can serve as an income-producing addition from day one.
Key Highlights
- Cash‑flowing duplex with two leased units: Unit 1 rents for $1,300/mo and Unit 2 rents for $1,550/mo
- Rental income totals $2,850 per month with leases through August 2026 (Unit 1) and September 2026 (Unit 2)
- Unit mix: 1 bed/1 bath in Unit 1 and 3 bed/1 bath in Unit 2
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $14.28 |
| − Vacancy | −$1.9k | −$0.80 |
| EGI | $32.5k | $13.48 |
| − OpEx | −$9.8k | −$4.04 |
| NOI | $22.8k | $9.44 |
