Building Details

Year built 1954

Number of units 2

Building materials Aluminum Siding, Brick

Roof type Shingle

Listing Agency: eXp Realty o***@exprealty.net Show Phone

Listed By: Elad Navama Show Phone

Added: Sep 24 Changed: Oct 20 Last Checked: Oct 23 at 10:06AM

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MLS# 1895121

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.

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Investment Insights

Based on property information with market context.

This 1,848-square-foot duplex in Sharonville contains two residences, each with two bedrooms and one full bathroom. Both units have a walkout basement with an additional half bath and washer and dryer hookups. Gas and electric service are separate, and each residence has its own furnace, air conditioning, and hot water tank.

Interior updates differ between the units. One features a granite kitchen, custom cabinetry, stainless steel appliances, tiled bathroom, and new flooring throughout. The other has fresh paint, a new vanity, and a new hot water tank. The property occupies 0.241 acres and includes driveway parking. Built in 1954, the building has aluminum siding and brick construction materials.

Key Highlights

• Two‑unit duplex totaling 1,848 square feet on a 0.241‑acre parcel
• Each residence has 2 bedrooms, 1 full bath, and a walkout basement with a half bath
• Separate gas and electric service; each unit has its own furnace, AC, and hot water tank

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,436

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,720 $348.7K

Cap Rate 7%

$249,086 $249.1K

Cap Rate 9%

$193,733 $193.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,848 SF

Gross rent

$26.4K $14.28/SF

− Vacancy

−$1.5K −$0.80/SF

EGI

$24.9K $13.48/SF

− OpEx

−$7.5K −$4.04/SF

NOI

$17.4K $9.44/SF

Area

Hamilton County, OH

Vacancy

5.61%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,720

Cap Rate 7%

$249,086

Cap Rate 9%

$193,733

Alternative Uses

Best Use

Multifamily LT 5

$249.1K

$218.0K – $290.6K (±1% cap)

NOI $17,436 @ 7.0% cap · market cap 5.36%

Second Best

Apartment 5plus

$227.9K

$199.4K – $265.9K (±1% cap)

NOI $15,953 @ 7.0% cap · market cap 4.91%

Theoretical Best

Office A

$331.3K

$289.9K – $386.5K (±1% cap)

NOI $23,192 @ 7.0% cap · market cap 7.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

465

Businesses Nearby

Explore this area Business Placement

Demographics for 45241, OH

24,380

Population

11,131

Households

2.2

Avg Household Size

44

Median Age

48%

College-Educated

95%

High-School Grad

17.5 sq mi

ZIP Area

1,393

Density / Sq Mi

$94,943

Median Household Income

$60,857

Median Earnings

$1,137

Median Rent

$292,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two separately serviced residences each include two bedrooms, a full bath, and dedicated heating and cooling.

Where is this duplex located?

The property is located at 3524 Cornell Road Sharonville, OH.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Two‑unit duplex totaling 1,848 square feet on a 0.241‑acre parcel; Each residence has 2 bedrooms, 1 full bath, and a walkout basement with a half bath; Separate gas and electric service; each unit has its own furnace, AC, and hot water tank