Three-Unit Multifamily
For Sale
$585,000
2733 Stratford Ave, Cincinnati, OH 45220
Triplex with separately metered residences, off-street parking, and leases extending through July 2027.
Property Size3,514 SF
Price / SF$166.48
Days on Market56
Property Features for 2733 Stratford Ave
General Information
Standard status
Active
Size
3,514 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1930
Listing Agency:
Home Information Network, Inc.
Listed By:
Mark McGrath
(513) 793-3999
Source:
Finn-team
Added: Aug 11
Changed: Oct 2
Last Checked: Oct 4 at 11:13AM
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 Information Network, Inc.
Investment Insights
Based on property information with market context.
This 3,514-square-foot triplex contains three two-bedroom residences, each with separate utilities. The property includes off-street parking and is fully leased through July 2027, providing a defined lease term across the building.
Located in Clifton, the property is within walking distance of UC, hospitals, dining, shopping, and entertainment. Its three-unit configuration and individual utility arrangements support straightforward multifamily operations while retaining the character of the existing property.
Located in Clifton, the property is within walking distance of UC, hospitals, dining, shopping, and entertainment. Its three-unit configuration and individual utility arrangements support straightforward multifamily operations while retaining the character of the existing property.
Key Highlights
- Three‑unit triplex with 3,514 SF of building area
- Each residence offers 2 bedrooms
- Separate utilities serve all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,443
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,860
$588.9K
Cap Rate 7%
$420,614
$420.6K
Cap Rate 9%
$327,144
$327.1K
Market Conditions
NOI Build-Up for 3,514 SF
Gross rent
$44.7K $12.72/SF
− Vacancy
−$2.6K −$0.75/SF
EGI
$42.1K $11.97/SF
− OpEx
−$12.6K −$3.59/SF
NOI
$29.4K $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%
$588,860
Cap Rate 7%
$420,614
Cap Rate 9%
$327,144
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,109 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$698.5K
$611.2K – $815.0K
NOI $48,897 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,800
Businesses Nearby
Explore this area
Business Placement
Demographics for 45220, OH
15,466
Population
7,400
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
5,333
Density / Sq Mi
$51,404
Median Household Income
$26,866
Median Earnings
$954
Median Rent
$385,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with separately metered residences, off-street parking, and leases extending through July 2027.
Where is this triplex located?
The property is located at 2733 Stratford Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,514 SF of building area; Each residence offers 2 bedrooms; Separate utilities serve all three units
