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Three-Unit Residential Income Property
For Sale
$490,000

2748 Madison Road, Cincinnati, OH 45209

Three one-bedroom apartments feature shared laundry, a common deck, and covered balconies in two units.

Property SizeContact for details
Days on Market9

Property Features for 2748 Madison Road

General Information

Standard status Active
Property subtype Multi Family Home

Site & Location

Neighborhood Hyde Park - Oakley

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Amenities

covered balconies
private quiet yard
large shared deck
free shared laundry
Patio
Porch

Building Details

Units 3
Tenancy Multi
Listing Agency: Coldwell Banker Realty
Listed By: Ann M Rigling
Source: Galbraithrealtors
Added: Oct 15 Changed: Oct 23 Last Checked: Oct 23 at 4:20PM

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 three-unit residential property contains three one-bedroom, one-bathroom apartments with hardwood flooring, original tile in the kitchens and bathrooms, and spacious rooms with natural light. Two apartments have covered balconies, and residents share a private yard with a large deck. Laundry is available in the basement at no charge.

The property is located on Madison Road in Cincinnati, between Hyde Park and Oakley. Nearby parking is available. All apartments are tenant-occupied; access requires 48 hours’ notice.

Units 1 and 3 are leased month to month, while Unit 2’s lease ends 10/31/26. HVAC and AC were updated in 2024, windows in 2021, and the electrical panel in 2016.

Key Highlights

  • Three apartments, each with 1 bedroom and 1 bathroom
  • Units 1 and 3 are month‑to‑month; Unit 2 lease ends 10/31/26
  • HVAC and AC updated in 2024; windows in 2021; electrical panel in 2016

Property Analytics

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Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,969
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom apartments feature shared laundry, a common deck, and covered balconies in two units.
Where is this triplex located?
The property is located at 2748 Madison Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Three apartments, each with 1 bedroom and 1 bathroom; Units 1 and 3 are month‑to‑month; Unit 2 lease ends 10/31/26; HVAC and AC updated in 2024; windows in 2021; electrical panel in 2016
More about this property
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