5-Unit Apartment
For Sale
Contact for pricing
2962 BURLINGTON PL CINCINNATI OH 45225, Cincinnati, OH 45225
Fully occupied apartment property in Cincinnati’s Camp Washington neighborhood.
Property Size2,718 SF
Lot Size0.11 Acres
Price / SF$121.38
Days on Market51
Property Features for 2962 BURLINGTON PL CINCINNATI OH 45225
General Information
Standard status
Active
Size
2,718 SF
Class
C
Lot size
0.11 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Financials
Gross Income
$30,000
Average Monthly Rent
$500
Additional Details
Multifamily Units
5
Building Details
Year Built
1875
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Dwyer Commercial Real Estate
Listed By:
John Dwyer · License #OH BRKP.0000209660
(513) 784-1776
Source:
Crexi
Added: Aug 31
Changed: Oct 8
Last Checked: Oct 19 at 5:12AM
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 Dwyer Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment building contains 2718 SF and was built in 1875. All five units are currently leased, providing an occupied residential configuration within an established multifamily property.
The building occupies a 0.114-acre lot at 2962 Burlington Pl in Cincinnati’s Camp Washington neighborhood. The property is registered as a rental with Hamilton County, adding an established administrative framework for its residential use.
The building occupies a 0.114-acre lot at 2962 Burlington Pl in Cincinnati’s Camp Washington neighborhood. The property is registered as a rental with Hamilton County, adding an established administrative framework for its residential use.
Key Highlights
- Five‑unit apartment building with all units currently leased
- 2718 SF building constructed in 1875
- Situated on a 0.114‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,194
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,880
$403.9K
Cap Rate 7%
$288,486
$288.5K
Cap Rate 9%
$224,378
$224.4K
Market Conditions
NOI Build-Up for 2,718 SF
Gross rent
$38.8K $14.28/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$36.7K $13.51/SF
− OpEx
−$16.5K −$6.08/SF
NOI
$20.2K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,880
Cap Rate 7%
$288,486
Cap Rate 9%
$224,378
Alternative Uses
Best Use
Apartment 5plus
$288.5K
$252.4K – $336.6K
NOI $20,194 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.3K
$472.8K – $630.4K
NOI $37,821 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 45225, OH
8,006
Population
4,694
Households
1.7
Avg Household Size
28
Median Age
9%
College-Educated
79%
High-School Grad
2.9 sq mi
ZIP Area
2,761
Density / Sq Mi
$22,320
Median Household Income
$20,948
Median Earnings
$639
Median Rent
$108,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property in Cincinnati’s Camp Washington neighborhood.
Where is this apartment building located?
The property is located at 2962 BURLINGTON PL CINCINNATI OH 45225 Cincinnati, OH.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Five‑unit apartment building with all units currently leased; 2718 SF building constructed in 1875; Situated on a 0.114‑acre lot
