Duplex with Ohio River
2734 Hoff Avenue, Cincinnati, OH 45202
For Sale
$220,000
Two residential units offer 1,440 square feet of space in a building constructed in 1885.
Property Size1,440 SF
Price / SF$152.78
Days on Market1201
Property Features for 2734 Hoff Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Units
Listing Agency:
Coldwell Banker Realty
(513) 891-8500
Listed By:
Quennie F Jones
(513) 703-5975
Source:
Galbraithrealtors
Added: Jul 28, 2023
Changed: Nov 7
Last Checked: Nov 8 at 5:49PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,440-square-foot building dating to 1885. The property offers views of the Ohio River.
Downtown and Hyde Park are identified as nearby destinations. The river bike path, boat and water recreation, Eli’s BBQ, and Precinct are also noted in the surrounding area.
Downtown and Hyde Park are identified as nearby destinations. The river bike path, boat and water recreation, Eli’s BBQ, and Precinct are also noted in the surrounding area.
Key Highlights
- Two‑family dwelling
- 1,440 square feet of building area
- Built in 1885
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,065
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,300
$241.3K
Cap Rate 7%
$172,357
$172.4K
Cap Rate 9%
$134,056
$134.1K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$18.3K $12.72/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$17.2K $11.97/SF
− OpEx
−$5.2K −$3.59/SF
NOI
$12.1K $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%
$241,300
Cap Rate 7%
$172,357
Cap Rate 9%
$134,056
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,065 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$152.8K
$133.7K – $178.3K
NOI $10,699 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,038 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
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Business Placement
Demographics for 45202, OH
16,883
Population
11,432
Households
1.5
Avg Household Size
34
Median Age
63%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
6,253
Density / Sq Mi
$87,930
Median Household Income
$63,901
Median Earnings
$1,524
Median Rent
$444,000
Median Home Value
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Market
Average Price Trend$/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 residential units offer 1,440 square feet of space in a building constructed in 1885.
Where is this duplex located?
The property is located at 2734 Hoff Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑family dwelling; 1,440 square feet of building area; Built in 1885
