Duplex with Garage
For Sale
$195,000
3422 Bassett Road, Cincinnati, OH 45205
Two residential units include an occupied upper apartment and a vacant first-floor unit with hardwood flooring and deck access.
Property Size1,664 SF
Price / SF$117.19
Days on Market30
Property Features for 3422 Bassett Road
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Residential Income / Multi Fam 2-4 units
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,574
Amenities
Window Unit, Central Air
Forced Air
Full
832
Vinyl
Yes
Shingle
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Keller Williams Advisors
(347) 260-7736
Listed By:
Austin Long · License #2021002431
(347) 260-7736
Source:
Compass
Added: Jul 11
Changed: Aug 8
Last Checked: Aug 8 at 11:53AM
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 Keller Williams Advisors
Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex contains two residential units and was built in 1961. The upper apartment is occupied, while the first-floor unit is vacant and features hardwood flooring throughout along with access to a backyard deck. The property also offers driveway, garage, and street parking.
Located at 3422 Bassett Road in Cincinnati, the duplex is approximately a 5-minute drive from downtown Cincinnati. The combination of separate living spaces, an existing occupant, and a vacant unit provides a clearly defined two-unit layout for residential income use.
Located at 3422 Bassett Road in Cincinnati, the duplex is approximately a 5-minute drive from downtown Cincinnati. The combination of separate living spaces, an existing occupant, and a vacant unit provides a clearly defined two-unit layout for residential income use.
Key Highlights
- 1,664‑square‑foot duplex built in 1961
- Upper apartment is occupied; first‑floor unit is vacant
- Hardwood flooring throughout the first‑floor unit
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
$13,942
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
7.15%
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%
$278,840
$278.8K
Cap Rate 7%
$199,171
$199.2K
Cap Rate 9%
$154,911
$154.9K
Market Conditions
NOI Build-Up for 1,664 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
$21.2K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$19.9K $11.97/SF
− OpEx
−$6.0K −$3.59/SF
NOI
$13.9K $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%
$278,840
Cap Rate 7%
$199,171
Cap Rate 9%
$154,911
Alternative Uses
Best Use
Multifamily LT 5
$199.2K
$174.3K – $232.4K
NOI $13,942 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$176.6K
$154.5K – $206.1K
NOI $12,363 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 45205, OH
19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include an occupied upper apartment and a vacant first-floor unit with hardwood flooring and deck access.
Where is this duplex located?
The property is located at 3422 Bassett Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,664‑square‑foot duplex built in 1961; Upper apartment is occupied; first‑floor unit is vacant; Hardwood flooring throughout the first‑floor unit
