Two-Unit Duplex with Private Outdoor
New
For Sale
$399,900
2715 Arbor Avenue, Cincinnati, OH 45209
A three-story property with separate utilities, in-unit laundry, and rear parking accommodates two distinct residences.
Property Size1,858 SF
Days on Market7
Property Features for 2715 Arbor Avenue
General Information
Standard status
Active
Size
1,858 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
rear deck
balcony
Building Details
Building Size
1,858 SF
Year Built
1908
Buildings
1
Stories
3
Listing Agency:
Robinson Sotheby's Internat'l
Listed By:
Lee Robinson
(513) 470-7700
Source:
Trulyremarkableservice.kw
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 5 at 3:34PM
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 Robinson Sotheby's Internat'l
Investment Insights
Based on property information with market context.
Built in 1908, this three-story duplex contains two units across 1,858 square feet. Each residence has its own laundry and separate utilities. The first-floor unit includes a rear deck, a furnace installed in 2024, and a 2026 hot water heater. A balcony and a 2010 furnace serve the second-floor unit.
The property sits on a no-outlet street in Cincinnati’s Oakley area, within walking distance of Rookwood. A rear parking lot provides space for three cars. The second-floor two-bedroom residence is vacant; the first-floor tenant requires 24 hours’ notice for showings.
The property sits on a no-outlet street in Cincinnati’s Oakley area, within walking distance of Rookwood. A rear parking lot provides space for three cars. The second-floor two-bedroom residence is vacant; the first-floor tenant requires 24 hours’ notice for showings.
Key Highlights
- Two units in a three‑story, 1,858‑square‑foot duplex
- Second‑floor residence has two bedrooms and is vacant
- Separate utilities and in‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,568
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 1,858 SF
Gross rent
$23.6K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$22.2K $11.97/SF
− OpEx
−$6.7K −$3.59/SF
NOI
$15.6K $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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Multifamily LT 5
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$197.2K
$172.6K – $230.1K
NOI $13,805 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$369.3K
$323.2K – $430.9K
NOI $25,854 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 45209, OH
10,708
Population
6,592
Households
1.6
Avg Household Size
32
Median Age
75%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
4,656
Density / Sq Mi
$87,841
Median Household Income
$67,356
Median Earnings
$1,291
Median Rent
$386,600
Median Home Value
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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 - A three-story property with separate utilities, in-unit laundry, and rear parking accommodates two distinct residences.
Where is this duplex located?
The property is located at 2715 Arbor Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two units in a three‑story, 1,858‑square‑foot duplex; Second‑floor residence has two bedrooms and is vacant; Separate utilities and in‑unit laundry in both residences
