Fully Occupied
2503 Rack Court Cincinnati, OH 45239
2503 Rack Court, Cincinnati, OH, 45239
$230,000
Pending
For Sale
$230,000
Pending
MULTI_FAMILY - Cincinnati, OH
Property Size1,820 SF
Lot Size0.21 Acres
Days on Market58
Property Features for 2503 Rack Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Off Street, Driveway
- Window features
- Vinyl Frames
- Standard status
- Pending
- APN
- 231-0001-0097-00
- Size
- 1,820 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1956
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
3 B Realty Group LLC
(513) 278-7545
5981 Harrison Avenue, Suite 4, Cincinnati, OH
Listed by
Meaghan Ritchie
(513) 325-4036
Added: May 22 Checked: Jul 18 at 9:06 am
MLS# 1880197
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious units, each configured as a 2-bedroom, 1-bath home. Both sides include an attached garage, and the property is currently fully occupied.
Located at the end of a quiet cul-de-sac at 2503 Rack Court in Cincinnati, Ohio 45239 (Hamilton County), the setting supports a calmer residential feel while maintaining straightforward access to the property.
As a residential income property, this turnkey duplex provides immediate rental income through its existing occupancy and consistent unit layout across both residences.
Located at the end of a quiet cul-de-sac at 2503 Rack Court in Cincinnati, Ohio 45239 (Hamilton County), the setting supports a calmer residential feel while maintaining straightforward access to the property.
As a residential income property, this turnkey duplex provides immediate rental income through its existing occupancy and consistent unit layout across both residences.
Key Highlights
- Well‑maintained brick duplex built in 1956
- Two fully occupied units: each is a 2‑bedroom, 1‑bath layout
- Each unit includes an attached garage
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 | $23.2k | $12.72 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $21.8k | $11.97 |
| − OpEx | −$6.5k | −$3.59 |
| NOI | $15.2k | $8.38 |
1,820 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.8K
$190.6K – $254.2K
NOI $15,249 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$193.2K
$169.0K – $225.4K
NOI $13,522 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$361.8K
$316.6K – $422.1K
NOI $25,325 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, each featuring an attached garage, fully occupied.
Where is this duplex located?
The property is located at 2503 Rack Court Cincinnati, OH.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Well‑maintained brick duplex built in 1956; Two fully occupied units: each is a 2‑bedroom, 1‑bath layout; Each unit includes an attached garage
