Three-Unit
For Sale
$317,900
2462 Fairview Avenue, Cincinnati, OH 45219
One apartment is vacant for viewing, with the remaining units occupied by long-term residents.
Property Size2,495 SF
Price / SF$127.41
Days on Market251
Property Features for 2462 Fairview Avenue
General Information
Standard status
Active
Size
2,495 SF
Property subtype
Multi Family Home
Zoning
Multi Family
Site & Location
Neighborhood
Cuf - Heights
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Amenities
Patio
Porch
Metal Fence
Building Details
Building Size
2,495 SF
Year Built
1903
Units
3
Listing Agency:
Keller Williams Advisors
(513) 227-9151
Listed By:
Bob R. Daniel
(513) 616-3592
Source:
Galbraithrealtors
Added: Feb 18
Changed: Oct 27
Last Checked: Oct 26 at 3:58AM
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
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Investment Insights
Based on property information with market context.
This three-unit property contains 2,495 square feet and was built in 1903. One apartment is vacant and available to view; the other two have long-term tenants. The third-floor unit has separate heat and electric service.
Roof, siding, and gutters were updated in 2022, and the exterior was painted in 2018. The property is zoned Multi Family and is within walking distance of UC.
Roof, siding, and gutters were updated in 2022, and the exterior was painted in 2018. The property is zoned Multi Family and is within walking distance of UC.
Key Highlights
- Three units totaling 2,495 square feet
- One unit vacant and available to view
- Third‑floor unit pays its own heat and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,905
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,100
$418.1K
Cap Rate 7%
$298,643
$298.6K
Cap Rate 9%
$232,278
$232.3K
Market Conditions
NOI Build-Up for 2,495 SF
Gross rent
$31.7K $12.72/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$29.9K $11.97/SF
− OpEx
−$9.0K −$3.59/SF
NOI
$20.9K $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%
$418,100
Cap Rate 7%
$298,643
Cap Rate 9%
$232,278
Alternative Uses
Best Use
Multifamily LT 5
$298.6K
$261.3K – $348.4K
NOI $20,905 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$264.8K
$231.7K – $309.0K
NOI $18,538 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$496.0K
$434.0K – $578.6K
NOI $34,718 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 45219, OH
20,644
Population
8,023
Households
2.6
Avg Household Size
25
Median Age
50%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
12,903
Density / Sq Mi
$35,936
Median Household Income
$12,462
Median Earnings
$1,166
Median Rent
$222,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - One apartment is vacant for viewing, with the remaining units occupied by long-term residents.
Where is this triplex located?
The property is located at 2462 Fairview Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $317,900.
What are key features of this property?
This property features: Three units totaling 2,495 square feet; One unit vacant and available to view; Third‑floor unit pays its own heat and electric
