Duplex with Vacant Lower
For Sale
$185,000
3422 Bassett Rd, Cincinnati, OH 45205
Two-level layout includes a leased upper unit and a first-floor residence with hardwood flooring and a backyard deck.
Property Size1,664 SF
Price / SF$111.18
Days on Market75
Property Features for 3422 Bassett Rd
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Keller Williams Advisors
Listed By:
Austin Long · License #2021002431
(513) 766-9200
Source:
Cincylivingwithangela
Added: Aug 1
Changed: Oct 5
Last Checked: Oct 7 at 3:18PM
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 SF duplex, built in 1961, offers a two-level residential configuration with separate living spaces. The upper unit is leased at market rent, while the first-floor unit is vacant and includes hardwood flooring throughout along with access to a backyard deck.
Parking is available through the driveway, garage, and street. The property is approximately a 5-minute drive from downtown Cincinnati and is located at 3422 Bassett Rd in Cincinnati, Ohio 45205.
Parking is available through the driveway, garage, and street. The property is approximately a 5-minute drive from downtown Cincinnati and is located at 3422 Bassett Rd in Cincinnati, Ohio 45205.
Key Highlights
- 1,664 SF duplex built in 1961
- Upper unit leased at market rent
- Vacant first‑floor unit with hardwood floors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,942
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
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
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 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 7.54%
Second Best
Apartment 5plus
$176.6K
$154.5K – $206.1K
NOI $12,363 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$330.8K
$289.4K – $385.9K
NOI $23,155 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
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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
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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-level layout includes a leased upper unit and a first-floor residence with hardwood flooring and a backyard deck.
Where is this duplex located?
The property is located at 3422 Bassett Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,664 SF duplex built in 1961; Upper unit leased at market rent; Vacant first‑floor unit with hardwood floors throughout
