Mixed-Use Investment
For Sale
$1,200,000
30 Seven Mile Avenue, New Miami, OH 45011
MULTI_FAMILY - New Miami, OH
Property Size5,092 SF
Lot Size0.26 Acres
Price / SF$235.66
Days on Market82
Property Features for 30 Seven Mile Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Vinyl Frames
High school district
New Miami Local SD
Directions
North from B Street in Hamilton. B Street becomes Seven Mile Ave. Building is on the right side.
Subdivision
Butler-W17
Standard status
Active
APN
L5300-003-000-082
Size
5,092 SF
Lot size
0.26 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1920
Number of units
5
Building materials
Block, Brick
Roof type
Shingle
Listing Agency:
ERA REAL Solutions Realty. LLC · ERA Real Estate
(513) 891-9300
Listed By:
Melvin Hart
(513) 283-4299
Added: May 16
Changed: May 19
Last Checked: Aug 5 at 7:06PM
MLS# 1879608
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity, featuring a convenience store and a newly added laundromat on the first floor. The second floor includes three occupied apartments, providing rental income. The property is a turn-key operation with multiple income streams. The lot size is 0.2609 acres and the property size is 5092 square feet. The property is located in New Miami, OH.
Key Highlights
- Multiple income streams from a convenience store, laundromat, and 3 apartments.
- Strong cash flow and profitable, turn‑key operation.
- Three spacious, occupied apartments providing steady rental income.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.4k | $15.00 |
| − Vacancy | −$4.9k | −$0.96 |
| EGI | $71.5k | $14.04 |
| − OpEx | −$17.9k | −$3.51 |
| NOI | $53.6k | $10.53 |
5,092 SF · lease $15.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$766.0K
$670.2K – $893.7K
NOI $53,619 @ 7.0% cap · market cap 4.47%
Second Best
Retail
$308.8K
$270.2K – $360.3K
NOI $21,619 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$1.01M
$880.9K – $1.17M
NOI $70,475 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
Median Home Value
Market
Vacancy Rate% for Retail 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?
Mixed-use property - Profitable convenience store, laundromat, and apartments for sale.
Where is this mixed-use property located?
The property is located at 30 Seven Mile Avenue New Miami, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Multiple income streams from a convenience store, laundromat, and 3 apartments.; Strong cash flow and profitable, turn‑key operation.; Three spacious, occupied apartments providing steady rental income.
