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    Three-Unit Income Triplex Title is generated by Realmo AI

    2462 Fairview Avenue, Cincinnati, OH 45219

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    Claim this Listing
    For Sale
    $317,900

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    2,495 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $127/SF
    Added:
    Feb 18, 2026
    Days on Market:
    140
    Last Refresh:
    Jul 8 at 5:06 pm

    Property Features for 2462 Fairview Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Window features
    Vinyl Frames, Wood Frames
    Patio and Porch features
    Porch, Patio
    Exterior features
    Patio, Porch, Metal Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    098-0006-0047-00
    Size
    2,495 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1903
    Number of units
    3
    Building materials
    Vinyl Siding, Cedar
    Roof type
    Slate

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    Bob Daniel

    Listing agent Bob Daniel

    Listing office Keller Williams Advisors 9277 Centre Pointe Dr, Cincinnati, OH

    Listing date Feb 18, 2026

    MLS# 1869215 Listing URL

    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.

    HighLights

    • 3‑unit property built in 1903
    • Walking distance to UC and bus transportation
    • Roof, siding, and gutters updated in 2022; exterior paint updated in 2018
    • Slate roof with forced‑air natural gas heating
    • Porch and patio, plus fenced yard with metal fencing
    • 3rd‑floor unit pays its own heat & electric; on‑street parking available

    Overview

    This three-unit triplex offers an investor-friendly setup with three separate living units and one unit currently vacant and available for showing. The third-floor unit pays its own heat and electric, which can simplify utility responsibility for that portion of the building. The property is described as very well maintained, and recent exterior updates include siding, gutters, and roof improvements completed in 2022, with exterior paint completed in 2018.

    The building is located in Cincinnati, Ohio, with a walkable distance to UC and nearby bus service, according to the remarks. Off-street amenities are not specified, but the property notes easy street parking in a quiet area.

    For buyers seeking a smaller multifamily structure, this triplex provides three units within a single property, along with the advantage of an immediately showable unit. The reported utility arrangement on the third floor may be of interest to tenants or owners looking to allocate heat and electric to the unit that uses it. With exterior work addressed through 2022 and 2018 improvements, the building presents as a practical option for an income-focused purchase in the 45219 area.

    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 $31.7k $12.72
    − Vacancy −$1.9k −$0.75
    EGI $29.9k $11.97
    − OpEx −$9.0k −$3.59
    NOI $20.9k $8.38
    2,495 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $298.6K
    $261.3K – $348.4K (±1% cap)
    NOI $20,905 @ 7.0% cap · market cap 6.58%
    Second Best
    Apartment 5plus
    $264.8K
    $231.7K – $309.0K (±1% cap)
    NOI $18,538 @ 7.0% cap · market cap 5.83%
    Theoretical Best
    Office A
    $496.0K
    $434.0K – $578.6K (±1% cap)
    NOI $34,718 @ 7.0% cap · market cap 10.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Dental Office (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Accounting Firm (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.526802
    Latitude
    39.127407

    FAQs

    What type of property is this?
    Triplex - Three-unit triplex with one vacant unit for showing and updated exterior systems, including 2022 roof, siding, and gutters.
    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: 3‑unit property built in 1903; Walking distance to UC and bus transportation; Roof, siding, and gutters updated in 2022; exterior paint updated in 2018
    More about this property
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