Duplex With Off-Street
2650 Bellevue Avenue, Cincinnati, OH 45219
For Sale
New
$389,000
Residential Income, Cincinnati, OH
Property Size2,454 SF
Lot Size0.13 Acres
Price / SF$158.52
Days on Market2
Property Features for 2650 Bellevue Avenue
General Information
Property type
Property subtype
Parking features
Fireplace
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Amenities
in-unit washer and dryers
separate HVAC systems
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
Andrew Kroeger · License OH #2022007696
(513) 766-9200
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 1900028
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 2,454-square-foot brick duplex, built in 1881, contains a 3-bedroom, 2-bath unit and a 1-bedroom, 1.5-bath unit. Each residence has its own HVAC system and in-unit washer and dryer. Unit A has a new gas furnace covered by a transferable 5-year warranty. The property occupies a 0.133-acre lot and includes six off-street parking spaces.
Both units are rented as student housing and leased for the 2026-27 school year. The property is in Cincinnati’s Corryville area, near UC and the medical campuses.
Both units are rented as student housing and leased for the 2026-27 school year. The property is in Cincinnati’s Corryville area, near UC and the medical campuses.
Key Highlights
- Two‑unit layout: 3BR/2BA and 1BR/1.5BA
- 2,454 square feet on a 0.133‑acre lot
- Six off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,561
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,220
$411.2K
Cap Rate 7%
$293,729
$293.7K
Cap Rate 9%
$228,456
$228.5K
Market Conditions
NOI Build-Up for 2,454 SF
Gross rent
$31.2K $12.72/SF
− Vacancy
−$1.8K −$0.75/SF
EGI
$29.4K $11.97/SF
− OpEx
−$8.8K −$3.59/SF
NOI
$20.6K $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%
$411,220
Cap Rate 7%
$293,729
Cap Rate 9%
$228,456
Alternative Uses
Best Use
Multifamily LT 5
$293.7K
$257.0K – $342.7K
NOI $20,561 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$260.5K
$227.9K – $303.9K
NOI $18,233 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$487.8K
$426.8K – $569.1K
NOI $34,147 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,585
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
$222,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two units offer separate HVAC systems and in-unit laundry, with six off-street spaces serving the property.
Where is this duplex located?
The property is located at 2650 Bellevue Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit layout: 3BR/2BA and 1BR/1.5BA; 2,454 square feet on a 0.133‑acre lot; Six off‑street parking spaces
