3420 Lumardo Avenue Cincinnati, OH 45238
MULTI_FAMILY - Cincinnati, OH
Property Features for 3420 Lumardo Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, On Street, Off Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Deck
- Exterior features
- Deck, Metal Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 212-0061-0137-00
- Size
- 2,142 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1938
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Shingle
Listing agent William Lutts (513) 607-2015
Listing office Align Right Realty Infinity 7835 REMINGTON RD, Cincinnati, OH (513) 655-4277
Listing date May 22, 2026
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.
Located on a quiet street in Cincinnati, the building sits next to Our Lady of Lourdes. The property is identified as 3420 Lumardo Avenue, Cincinnati, OH 45238, within Hamilton County.
For investors or owner-operators seeking a small, manageable rental portfolio, the unit mix provides different tenant household sizes, including an efficiency option alongside larger bedroom layouts. Month-to-month tenancy may offer flexibility, while the off-street parking and outdoor deck can help support tenant satisfaction. The near-term roof replacement is also a relevant consideration for budgeting and maintenance planning.
Key Highlights
- 3‑unit multi‑family building with a 2‑bedroom unit on the 1st floor, 1‑bedroom unit on the 2nd floor, and an efficiency in the lower level
- All three units are occupied by long‑term tenants on a month‑to‑month basis
- New roof scheduled to be installed the first week of June
Local Financial Insights For Multifamily LT 5
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 | $34.7k | $16.20 |
| − Vacancy | −$2.0k | −$0.96 |
| EGI | $32.7k | $15.24 |
| − OpEx | −$9.8k | −$4.57 |
| NOI | $22.9k | $10.67 |
