3420 Lumardo Avenue, Cincinnati, OH 45238
MULTI_FAMILY - Cincinnati, OH
- Added:
- May 22, 2026
- Days on Market:
- 31
- Last Refresh:
- Jun 21 at 12:06 am
Property Features for 3420 Lumardo Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Off Street, Driveway
- 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.
HighLights
- 3‑unit multi‑family building built in 1938
- Unit mix: 2‑bedroom on the 1st floor, 1‑bedroom 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
- Deck and fenced yard, with metal fencing and brick construction
- Parking includes off‑street plus on‑street and driveway spaces
Overview
The property is located on a quiet street near Our Lady of Lourdes. The lot size is listed as 0.211 acres, and the overall property size is noted as 2,142 square feet.
For buyers or operators seeking a small, manageable multifamily asset, the current tenanting provides immediate on-site occupancy, with all three units described as occupied by long-term tenants on a month-to-month basis. Off-street parking and outdoor deck space may support tenant practicality for daily living. The scheduled roof replacement is an additional near-term building improvement to consider as part of ownership planning.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.617024
- Latitude
- 39.138402
