Duplex With Detached
New
For Sale
$350,000
2715 Markbreit Avenue, Cincinnati, OH 45209
Two distinct unit layouts are complemented by interior updates and separate garage parking.
Property Size2,188 SF
Price / SF$159.96
Days on Market4
Property Features for 2715 Markbreit Avenue
General Information
Standard status
Active
Size
2,188 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
Home Connections (513-212-6964)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Oct 7
Last Checked: Oct 9 at 7:27PM
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 Home Connections (513-212-6964)
Investment Insights
Based on property information with market context.
This 2,188-square-foot duplex, built in 1915, contains two apartments: a one-bedroom, one-bathroom unit and a three-bedroom, one-bathroom unit. The three-bedroom apartment has a renovated bathroom, new bedroom flooring, and fresh paint. The one-bedroom apartment received a new HVAC system in August. A detached garage accommodates three cars, and the front porch and steps have been repainted.
The property is in Oakley, within walking distance of Rookwood. Tenants pay gas and electricity; water is covered by the landlord. The lease for the one-bedroom unit runs through February 28, 2027.
The property is in Oakley, within walking distance of Rookwood. Tenants pay gas and electricity; water is covered by the landlord. The lease for the one-bedroom unit runs through February 28, 2027.
Key Highlights
- 2,188‑square‑foot duplex built in 1915
- Two units: one 1‑bedroom/1‑bathroom and one 3‑bedroom/1‑bathroom
- Detached garage with capacity for 3 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,333
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,660
$366.7K
Cap Rate 7%
$261,900
$261.9K
Cap Rate 9%
$203,700
$203.7K
Market Conditions
NOI Build-Up for 2,188 SF
Gross rent
$27.8K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$26.2K $11.97/SF
− OpEx
−$7.9K −$3.59/SF
NOI
$18.3K $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%
$366,660
Cap Rate 7%
$261,900
Cap Rate 9%
$203,700
Alternative Uses
Best Use
Multifamily LT 5
$261.9K
$229.2K – $305.6K
NOI $18,333 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 8.70%
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
1,418
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 - Two distinct unit layouts are complemented by interior updates and separate garage parking.
Where is this duplex located?
The property is located at 2715 Markbreit Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,188‑square‑foot duplex built in 1915; Two units: one 1‑bedroom/1‑bathroom and one 3‑bedroom/1‑bathroom; Detached garage with capacity for 3 cars
