Duplex with Detached
New
For Sale
$375,000
3134 Parkview Avenue, Cincinnati, OH 45213
Residential Income, Cincinnati, OH
Property Size1,966 SF
Lot Size0.12 Acres
Price / SF$190.74
Days on Market2
Property Features for 3134 Parkview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Off Street, Driveway
Window features
Vinyl Frames, Wood Frames
Exterior features
Balcony
Fireplace
1
High school district
Cincinnati City SD
Directions
Ridge to Parkview
Subdivision
Hamilton-E05
Standard status
Active
APN
122-0004-0092-00
Size
1,966 SF
Lot size
0.12 Acres
Utilities
Heating system
Radiant, Natural Gas
Amenities
Rookwood-style fireplace
basement storage
shed
landscaping
Building Details
Year built
1931
Number of units
2
Building materials
Stucco, Brick
Roof type
Membrane, Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Erin Fay
(513) 321-9944
Added: Sep 24
Last Checked: Sep 25 at 9:06AM
MLS# 1894855
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 1931 duplex contains 1,966 square feet across two residences, each with two bedrooms, one bathroom, and a fireplace. Brick and stucco exterior materials complement original hardwood flooring. The property also includes a basement, shed, and detached two-car garage, along with off-street parking and a driveway. Radiant natural-gas heat serves the building. Updates include complete rewiring in 2026, a newer boiler, replaced drain stacks, and a roof replaced in 2025.
The 0.117-acre property is on Parkview Avenue in Cincinnati, near the Pleasant Ridge business district. A balcony and native landscaping, including mature fig trees, are additional site features.
The 0.117-acre property is on Parkview Avenue in Cincinnati, near the Pleasant Ridge business district. A balcony and native landscaping, including mature fig trees, are additional site features.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,966 square feet on a 0.117‑acre lot
- Detached 2‑car garage, plus shed and basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,472
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,440
$329.4K
Cap Rate 7%
$235,314
$235.3K
Cap Rate 9%
$183,022
$183.0K
Market Conditions
NOI Build-Up for 1,966 SF
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.
Gross rent
$25.0K $12.72/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.5K $11.97/SF
− OpEx
−$7.1K −$3.59/SF
NOI
$16.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,440
Cap Rate 7%
$235,314
Cap Rate 9%
$183,022
Alternative Uses
Best Use
Multifamily LT 5
$235.3K
$205.9K – $274.5K
NOI $16,472 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$208.7K
$182.6K – $243.5K
NOI $14,607 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$390.8K
$342.0K – $456.0K
NOI $27,357 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 45213, OH
12,052
Population
5,844
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
3.1 sq mi
ZIP Area
3,888
Density / Sq Mi
$70,897
Median Household Income
$54,650
Median Earnings
$929
Median Rent
$259,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer matching two-bedroom, one-bath layouts and individual fireplaces.
Where is this duplex located?
The property is located at 3134 Parkview Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,966 square feet on a 0.117‑acre lot; Detached 2‑car garage, plus shed and basement
