Two-Unit
For Sale
$365,000
2608 Stanton Avenue, Cincinnati, OH 45206
Each residence has updated interiors, hardwood floors, and hookups for in-unit laundry.
Property Size1,800 SF
Price / SF$202.78
Days on Market14
Property Features for 2608 Stanton Avenue
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family Home
Zoning
Multi Family
Occupancy
100%
Site & Location
Neighborhood
Walnut Hills
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
in-unit laundry hookups
Porch
Balcony
Building Details
Building Size
1,800 SF
Year Built
1900
Units
2
Listing Agency:
Sibcy Cline, Inc.
(513) 777-8100
Listed By:
Jessica Back
(937) 308-4329
Source:
Galbraithrealtors
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 4:03AM
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 Sibcy Cline, Inc.
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Interior features include hardwood flooring, updated finishes, modern appliances, and hookups for in-unit laundry. The property was built in 1900 and has off-street parking.
The building is located at 2608 Stanton Avenue in Cincinnati’s Walnut Hills corridor. Both units are occupied, and the property is zoned Multi Family. A tax abatement is in place through 2036.
The building is located at 2608 Stanton Avenue in Cincinnati’s Walnut Hills corridor. Both units are occupied, and the property is zoned Multi Family. A tax abatement is in place through 2036.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,800 square feet; built in 1900
- Tax abatement through 2036
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,082
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,640
$301.6K
Cap Rate 7%
$215,457
$215.5K
Cap Rate 9%
$167,578
$167.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$22.9K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$21.5K $11.97/SF
− OpEx
−$6.5K −$3.59/SF
NOI
$15.1K $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%
$301,640
Cap Rate 7%
$215,457
Cap Rate 9%
$167,578
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.5K – $251.4K
NOI $15,082 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$191.1K
$167.2K – $222.9K
NOI $13,374 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$357.8K
$313.1K – $417.5K
NOI $25,047 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has updated interiors, hardwood floors, and hookups for in-unit laundry.
Where is this duplex located?
The property is located at 2608 Stanton Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,800 square feet; built in 1900; Tax abatement through 2036
