Two-Unit Brick Duplex with
For Sale
$419,000
3564 Madison Park Avenue, Cincinnati, OH 45209
Two refreshed one-bedroom residences include laundry appliances and a shared two-car garage.
Property Size1,836 SF
Days on Market34
Property Features for 3564 Madison Park Avenue
General Information
Standard status
Active
Size
1,836 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Neighborhood
Oakley
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
washer/dryer
Building Details
Building Size
1,836 SF
Year Built
1939
Construction
brick
Listing Agency:
Keller Williams Pinnacle Group
Listed By:
Steven Muir
(513) 560-7684
Source:
Trulyremarkableservice.kw
Added: Oct 2
Changed: Nov 3
Last Checked: Nov 4 at 9:43AM
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 Pinnacle Group
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Investment Insights
Based on property information with market context.
This 1,836-square-foot brick duplex contains two one-bedroom, one-bathroom units. Both have refreshed interiors with refinished hardwood floors, and two washers and dryers are included. A new roof and a two-car garage are additional building features.
The property is on Madison Park Ave in Cincinnati’s Oakley area, near Oakley Station, with UC, Xavier, and downtown identified as nearby destinations.
The property is on Madison Park Ave in Cincinnati’s Oakley area, near Oakley Station, with UC, Xavier, and downtown identified as nearby destinations.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units
- 1,836‑square‑foot brick duplex
- Two washers and dryers included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,383
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,660
$307.7K
Cap Rate 7%
$219,757
$219.8K
Cap Rate 9%
$170,922
$170.9K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$23.4K $12.72/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$22.0K $11.97/SF
− OpEx
−$6.6K −$3.59/SF
NOI
$15.4K $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%
$307,660
Cap Rate 7%
$219,757
Cap Rate 9%
$170,922
Alternative Uses
Best Use
Multifamily LT 5
$219.8K
$192.3K – $256.4K
NOI $15,383 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$194.9K
$170.5K – $227.4K
NOI $13,641 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$365.0K
$319.4K – $425.8K
NOI $25,548 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
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Business Placement
Demographics for 45209, OH
10,708
Population
6,592
Households
1.6
Avg Household Size
32
Median Age
75%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
4,656
Density / Sq Mi
$87,841
Median Household Income
$67,356
Median Earnings
$1,291
Median Rent
$386,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed one-bedroom residences include laundry appliances and a shared two-car garage.
Where is this duplex located?
The property is located at 3564 Madison Park Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units; 1,836‑square‑foot brick duplex; Two washers and dryers included
