Brick Duplex with Two-Car
New
For Sale
$419,000
3564 Madison Park Avenue, Cincinnati, OH 45209
Residential Income, Cincinnati, OH
Property Size1,836 SF
Lot Size0.16 Acres
Price / SF$228.21
Days on Market5
Property Features for 3564 Madison Park Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Driveway, Off Street, Garage
Window features
Vinyl Frames
Patio and Porch features
Patio, Porch
Interior features
220 Volt
Exterior features
Patio, Porch, Balcony, Metal Fence
Fencing
Fenced
High school district
Cincinnati City SD
Directions
Madison Rd to Camberwell, Rt on Madison Park; Property on Rt
Subdivision
Hamilton-E04
Standard status
Active
APN
051-0002-0161-00
Size
1,836 SF
Lot size
0.16 Acres
Utilities
Heating system
Hot Water(Heating)
Amenities
washer/dryer
Building Details
Year built
1939
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Pinnacle Group · Keller Williams Realty
Listed By:
Steven Muir
(513) 277-0996
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 6 at 3:06AM
MLS# 1896088
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.
Built in 1939, this 1,836-square-foot brick duplex contains two apartments, each configured with one bedroom and one bathroom. The property occupies a 0.156-acre lot and includes two washers and dryers, a two-car garage, a driveway, and additional off-street and on-street parking. Exterior features include a patio, porch, balcony, and metal fencing; the roof is shingle.
Key Highlights
- Two 1‑bedroom, 1‑bathroom apartments
- 1,836 square feet on a 0.156‑acre lot
- Brick construction; built in 1939
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
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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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 separate one-bedroom apartments include laundry appliances and access to a fenced outdoor area.
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 apartments; 1,836 square feet on a 0.156‑acre lot; Brick construction; built in 1939
