Two-Unit
2505 Rack Court, Cincinnati, OH 45239
For Sale
$199,900
Each residence has two bedrooms, a full bath, a separate entrance, and a functional floor plan.
Property Size1,820 SF
Price / SF$109.84
Days on Market155
Property Features for 2505 Rack Court
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Units
Listing Agency:
Trelora Realty, Inc
(513) 643-0266
Listed By:
Frederick A. Altieri · License OH RS346080
(610) 550-9271
Source:
Galbraithrealtors
Added: Jun 8
Changed: Nov 8
Last Checked: Nov 9 at 3:49PM
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 Trelora Realty, Inc
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Investment Insights
Based on property information with market context.
This 1,820-square-foot duplex, built in 1956, contains two residences. Each unit has two bedrooms, one full bathroom, a kitchen, and a living area, with a separate entrance for each. The layout supports distinct occupancy of the two units while keeping their access separate.
The property is at 2505 Rack Court in Cincinnati, Ohio.
The property is at 2505 Rack Court in Cincinnati, Ohio.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,820 square feet of building area
- Separate entrance for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,249
Cap Rate
7.63%
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 7.63%
Second Best
Apartment 5plus
$193.2K
$169.0K – $225.4K
NOI $13,522 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$361.8K
$316.6K – $422.1K
NOI $25,325 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
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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
$155,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a full bath, a separate entrance, and a functional floor plan.
Where is this duplex located?
The property is located at 2505 Rack Court Cincinnati, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,820 square feet of building area; Separate entrance for each residence
