Duplex with Rooftop
For Sale
$370,000
256 Warner Street, Cincinnati, OH 45219
Residential Income, Cincinnati, OH
Property Size2,163 SF
Lot Size0.05 Acres
Price / SF$171.06
Days on Market50
Property Features for 256 Warner Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Driveway, Off Street
Window features
Vinyl Frames
Patio and Porch features
Patio
Exterior features
Patio
View
City
High school district
Cincinnati City SD
Directions
South on W. Clifton, Right on Warner
Subdivision
Hamilton-E01
Standard status
Active
APN
100-0001-0186-00
Size
2,163 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Natural Gas, Forced Air
Amenities
in-unit laundry
rooftop patio
Building Details
Year built
1887
Number of units
2
Building materials
Brick
Roof type
Membrane
Buildings
1
Listing Agency:
TREO REALTORS
(513) 731-8736
Listed By:
Michael Tekulve
(513) 225-1790
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 27 at 4:06PM
MLS# 1893116
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.
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Investment Insights
Based on property information with market context.
This 2,163-square-foot duplex at 256 Warner Street contains two residential units within an 1887 brick building. The first-floor unit includes two bedrooms and one bathroom, while the second- and third-floor unit provides two bedrooms, two full bathrooms, and access to a rooftop patio. Both residences have updated kitchens and bathrooms, in-unit laundry, and separate utility responsibility for occupants.
The property is situated three blocks from the University of Cincinnati campus in Cincinnati, Ohio. The 0.046-acre parcel includes two off-street parking spaces, along with driveway and on-street parking options. Forced-air heating powered by natural gas serves the building, which is topped by a membrane roof.
The units are currently leased together as a four-bedroom arrangement for the 2026/2027 school year. The layout also supports leasing the residences separately, providing two operating configurations within the same duplex.
The property is situated three blocks from the University of Cincinnati campus in Cincinnati, Ohio. The 0.046-acre parcel includes two off-street parking spaces, along with driveway and on-street parking options. Forced-air heating powered by natural gas serves the building, which is topped by a membrane roof.
The units are currently leased together as a four-bedroom arrangement for the 2026/2027 school year. The layout also supports leasing the residences separately, providing two operating configurations within the same duplex.
Key Highlights
- 2,163‑square‑foot duplex on a 0.046‑acre parcel
- Three blocks from the University of Cincinnati campus
- First‑floor 2‑bedroom, 1‑bath unit plus upper 2‑bedroom, 2‑full‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,123
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,460
$362.5K
Cap Rate 7%
$258,900
$258.9K
Cap Rate 9%
$201,367
$201.4K
Market Conditions
NOI Build-Up for 2,163 SF
Gross rent
$27.5K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$25.9K $11.97/SF
− OpEx
−$7.8K −$3.59/SF
NOI
$18.1K $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%
$362,460
Cap Rate 7%
$258,900
Cap Rate 9%
$201,367
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.5K – $302.1K
NOI $18,123 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$229.6K
$200.9K – $267.9K
NOI $16,071 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$430.0K
$376.2K – $501.6K
NOI $30,098 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
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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?
Duplex - Two separately configured units near the University of Cincinnati offer flexible student-housing use and off-street parking.
Where is this duplex located?
The property is located at 256 Warner Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 2,163‑square‑foot duplex on a 0.046‑acre parcel; Three blocks from the University of Cincinnati campus; First‑floor 2‑bedroom, 1‑bath unit plus upper 2‑bedroom, 2‑full‑bath unit
