Three-Unit Brick Multifamily
For Sale
$199,900
Pending
3406 Woodburn Avenue, Cincinnati, OH 45207
Three-level layout includes two two-bedroom apartments and a third-floor one-bedroom unit currently used for storage.
Property Size2,413 SF
Days on Market93
Property Features for 3406 Woodburn Avenue
General Information
Standard status
Pending
Size
2,413 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Building Size
2,413 SF
Year Built
1915
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Cutler Real Estate
Listed By:
Morah Lynch
(513) 301-0340
Source:
Trulyremarkableservice.kw
Added: Jul 6
Changed: Sep 9
Last Checked: Oct 5 at 3:31PM
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 Cutler Real Estate
Investment Insights
Based on property information with market context.
Built in 1915, this brick three-family property contains 12 total rooms across three levels. The first-floor apartment is vacant and has two bedrooms and one full bathroom. A matching second-floor apartment is occupied by a month-to-month tenant. The third-floor one-bedroom, one-bath unit is currently used for storage.
Interior features include a fireplace, window unit, and gas service, while the exterior has shingle elements. The property is located on Woodburn Avenue in Cincinnati’s Evanston neighborhood, near parks, schools, shopping, major highways, and downtown Cincinnati. It is offered for sale as-is and may accommodate either an owner-occupant or continued multifamily use.
Interior features include a fireplace, window unit, and gas service, while the exterior has shingle elements. The property is located on Woodburn Avenue in Cincinnati’s Evanston neighborhood, near parks, schools, shopping, major highways, and downtown Cincinnati. It is offered for sale as-is and may accommodate either an owner-occupant or continued multifamily use.
Key Highlights
- Three‑family brick property with 12 total rooms
- Built in 1915
- Vacant first‑floor unit with 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,928
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,560
$358.6K
Cap Rate 7%
$256,114
$256.1K
Cap Rate 9%
$199,200
$199.2K
Market Conditions
NOI Build-Up for 2,413 SF
Gross rent
$34.5K $14.28/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$32.6K $13.51/SF
− OpEx
−$14.7K −$6.08/SF
NOI
$17.9K $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%
$358,560
Cap Rate 7%
$256,114
Cap Rate 9%
$199,200
Alternative Uses
Best Use
Multifamily LT 5
$288.8K
$252.7K – $337.0K
NOI $20,218 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,928 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$479.7K
$419.7K – $559.6K
NOI $33,577 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 45207, OH
7,484
Population
3,008
Households
2.5
Avg Household Size
25
Median Age
26%
College-Educated
88%
High-School Grad
1.2 sq mi
ZIP Area
6,237
Density / Sq Mi
$48,833
Median Household Income
$21,938
Median Earnings
$990
Median Rent
$192,400
Median Home Value
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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?
Triplex - Three-level layout includes two two-bedroom apartments and a third-floor one-bedroom unit currently used for storage.
Where is this triplex located?
The property is located at 3406 Woodburn Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three‑family brick property with 12 total rooms; Built in 1915; Vacant first‑floor unit with 2 bedrooms and 1 full bath
