Updated Occupied
For Sale
$249,900
2505 Flanigan Ct, Cincinnati, OH 45239
Two-family property with refreshed interiors and current occupancy in Cincinnati.
Property Size1,820 SF
Price / SF$137.31
Days on Market82
Property Features for 2505 Flanigan Ct
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Listing Agency:
Imagine Real Estate
(513) 580-4147
Listed By:
Summer R Lattimore
(513) 760-6005
Source:
Exprealty
Added: Jul 25
Changed: Oct 10
Last Checked: Oct 12 at 11:36PM
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 Imagine Real Estate
Investment Insights
Based on property information with market context.
This 1,820-square-foot duplex contains two residential units and is currently fully occupied. Interior improvements include new laminate flooring, fresh paint, an updated kitchen backsplash, LED light switches, USB charging outlets, and new ceiling fans. The property is identified as a two-bedroom, one-bathroom offering in the available property information.
Located at 2505 Flanigan Ct in Cincinnati, the duplex sits within an established residential neighborhood. Its two-family configuration and completed interior updates provide a straightforward format for residential income ownership.
Located at 2505 Flanigan Ct in Cincinnati, the duplex sits within an established residential neighborhood. Its two-family configuration and completed interior updates provide a straightforward format for residential income ownership.
Key Highlights
- 1,820‑square‑foot duplex with two residential units
- Fully occupied two‑family property
- New laminate flooring and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,249
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,980
$305.0K
Cap Rate 7%
$217,843
$217.8K
Cap Rate 9%
$169,433
$169.4K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$23.2K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$21.8K $11.97/SF
− OpEx
−$6.5K −$3.59/SF
NOI
$15.2K $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%
$304,980
Cap Rate 7%
$217,843
Cap Rate 9%
$169,433
Alternative Uses
Best Use
Multifamily LT 5
$217.8K
$190.6K – $254.2K
NOI $15,249 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$193.2K
$169.0K – $225.4K
NOI $13,522 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$361.8K
$316.6K – $422.1K
NOI $25,325 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
463
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with refreshed interiors and current occupancy in Cincinnati.
Where is this duplex located?
The property is located at 2505 Flanigan Ct Cincinnati, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,820‑square‑foot duplex with two residential units; Fully occupied two‑family property; New laminate flooring and fresh interior paint
