Updated Duplex with Hardwood
For Sale
$399,000
3020 Hackberry Street, Cincinnati, OH 45206
Two residential units include refreshed kitchens, baths, appliances, plumbing, HVAC, and painted interiors.
Property Size2,630 SF
Price / SF$151.71
Days on Market70
Property Features for 3020 Hackberry Street
General Information
Standard status
Active
Size
2,630 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
East Walnut Hills
Additional Details
Multifamily Units
2
Building Details
Year Built
1891
Buildings
1
Listing Agency:
Coldwell Banker Realty (513-321-9944)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Aug 21
Changed: Oct 28
Last Checked: Oct 28 at 8:17AM
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 (513-321-9944)
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Investment Insights
Based on property information with market context.
This duplex at 3020 Hackberry St in Cincinnati contains two residential units within 2,630 square feet. Both units have updated kitchens and bathrooms, restored hardwood flooring, newer appliances, refreshed plumbing, HVAC improvements, and fresh paint. The configuration supports separate residential living spaces within one property.
The property is located in East Walnut Hills, a few blocks from Woodburn Avenue and the DeSales Corner business district. These nearby commercial areas provide neighborhood context and convenient access to local destinations. The combination of two units and recent improvements creates a straightforward multifamily asset for an owner-occupant or rental operator.
The property is located in East Walnut Hills, a few blocks from Woodburn Avenue and the DeSales Corner business district. These nearby commercial areas provide neighborhood context and convenient access to local destinations. The combination of two units and recent improvements creates a straightforward multifamily asset for an owner-occupant or rental operator.
Key Highlights
- Duplex with two residential units
- 2,630 square feet of total property size
- Updated kitchens and bathrooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,036
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,720
$440.7K
Cap Rate 7%
$314,800
$314.8K
Cap Rate 9%
$244,844
$244.8K
Market Conditions
NOI Build-Up for 2,630 SF
Gross rent
$33.5K $12.72/SF
− Vacancy
−$2.0K −$0.75/SF
EGI
$31.5K $11.97/SF
− OpEx
−$9.4K −$3.59/SF
NOI
$22.0K $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%
$440,720
Cap Rate 7%
$314,800
Cap Rate 9%
$244,844
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.5K – $367.3K
NOI $22,036 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.7K
NOI $19,541 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$522.8K
$457.5K – $609.9K
NOI $36,596 @ 7.0% cap · market cap 9.17%
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
887
Businesses Nearby
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Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include refreshed kitchens, baths, appliances, plumbing, HVAC, and painted interiors.
Where is this duplex located?
The property is located at 3020 Hackberry Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with two residential units; 2,630 square feet of total property size; Updated kitchens and bathrooms in each unit
