Five-Unit Apartment
For Sale
Contact for pricing
350 Broadway St, Loveland, OH 45140
Fully occupied multifamily property with updated mechanical systems, resident parking, and a RUBS utility-recovery program.
Property Size4,521 SF
Price / SF$116.12
Days on Market144
Property Features for 350 Broadway St
General Information
Standard status
Active
Size
4,521 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
R-MD
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$39,005
Financials
Gross Income
$65,088
Average Monthly Rent
$1,084
Units
Unit Mix
5 x 1BR/1BA
Multifamily Units
5
Building Details
Year Built
1958
Buildings
1
Stories
2
Units
5
Listing Agency:
KW Commercial Keller Williams Advisor's Realty
Listed By:
Adam Curry · License #OH 2014003970
Source:
Crexi
Added: Apr 9
Changed: Aug 29
Last Checked: Aug 29 at 6:45PM
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 KW Commercial Keller Williams Advisor's Realty
Investment Insights
Based on property information with market context.
This 4,521-square-foot apartment property contains five one-bedroom, one-bathroom units in a building constructed in 1958. Three apartments have been renovated, while the two remaining units provide an opportunity to continue the established upgrade program. Building systems include boiler heat, wall-unit A/C, a newer boiler, a newer hot water heater, and updated electrical service.
The property is fully occupied and includes a RUBS program that enables recovery of a portion of utility expenses from residents. An attached parking lot at the rear provides off-street resident parking. Located at 350 Broadway St in Loveland, Ohio, the property is zoned R-MD.
The property is fully occupied and includes a RUBS program that enables recovery of a portion of utility expenses from residents. An attached parking lot at the rear provides off-street resident parking. Located at 350 Broadway St in Loveland, Ohio, the property is zoned R-MD.
Key Highlights
- Five one‑bedroom, one‑bathroom apartment units
- Fully occupied multifamily property
- Three of five units renovated
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
$42,520
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
8.10%
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%
$850,400
$850.4K
Cap Rate 7%
$607,429
$607.4K
Cap Rate 9%
$472,444
$472.4K
Market Conditions
NOI Build-Up for 4,521 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
$81.4K $18.00/SF
− Vacancy
−$4.1K −$0.90/SF
EGI
$77.3K $17.10/SF
− OpEx
−$34.8K −$7.69/SF
NOI
$42.5K $9.41/SF
Area
Clermont County, OH
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$850,400
Cap Rate 7%
$607,429
Cap Rate 9%
$472,444
Alternative Uses
Best Use
Apartment 5plus
$607.4K
$531.5K – $708.7K
NOI $42,520 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.5K
$709.2K – $945.6K
NOI $56,737 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 45140, OH
56,386
Population
22,684
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
1,279
Density / Sq Mi
$110,781
Median Household Income
$58,882
Median Earnings
$1,379
Median Rent
$340,800
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?
Apartment building - Fully occupied multifamily property with updated mechanical systems, resident parking, and a RUBS utility-recovery program.
Where is this apartment building located?
The property is located at 350 Broadway St Loveland, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Five one‑bedroom, one‑bathroom apartment units; Fully occupied multifamily property; Three of five units renovated
