Brick Duplex with Garage
For Sale
$185,000
3422 Bassett Road, Cincinnati, OH 45205
Residential Income, Cincinnati, OH
Property Size1,664 SF
Lot Size0.14 Acres
Price / SF$111.18
Days on Market47
Property Features for 3422 Bassett Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Garage, Off Street
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
State street to Elberon to Bassett
Subdivision
Hamilton-W04
Standard status
Active
APN
177-0034-0163-00
Size
1,664 SF
Lot size
0.14 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1961
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Austin Long · License #2021002431
(347) 260-7736
Added: Jul 23
Changed: Sep 3
Last Checked: Sep 7 at 4:06PM
MLS# 1887743
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.
This 1,664-square-foot duplex, built in 1961, is constructed of brick and includes two separate residential units. The upper unit is rented at market rent, while the first-floor unit is vacant and has hardwood floors throughout along with access to a backyard deck. Forced-air heating and a shingle roof serve the property.
Parking is provided through a garage, driveway, and off-street spaces. The property sits on 0.144 acres and is approximately a five-minute drive from downtown Cincinnati.
Parking is provided through a garage, driveway, and off-street spaces. The property sits on 0.144 acres and is approximately a five-minute drive from downtown Cincinnati.
Key Highlights
- 1,664‑square‑foot duplex on a 0.144‑acre lot
- Upper unit is rented at market rent
- Vacant first‑floor unit with hardwood floors throughout
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
7.54%
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 7.54%
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.
Property Analytics
Property Profile
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-unit property with a rented upper unit and a vacant first-floor unit featuring hardwood floors.
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 $185,000.
What are key features of this property?
This property features: 1,664‑square‑foot duplex on a 0.144‑acre lot; Upper unit is rented at market rent; Vacant first‑floor unit with hardwood floors throughout
