Updated Brick
For Sale
$349,900
3636 Reading Road, Cincinnati, OH 45229
Residential Income, Cincinnati, OH
Property Size3,752 SF
Lot Size0.19 Acres
Price / SF$93.26
Days on Market58
Property Features for 3636 Reading Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Window features
Aluminum Frames
Patio and Porch features
Porch
Exterior features
Porch
High school district
Cincinnati City SD
Directions
North on Reading Rd to property
Subdivision
Hamilton-E01
Standard status
Active
APN
108-0004-0010-00
Size
3,752 SF
Lot size
0.19 Acres
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Ali Abdur-Rahman · License #2004006274
(513) 378-4663
Added: Aug 10
Changed: Oct 1
Last Checked: Oct 6 at 11:06AM
MLS# 1889980
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 3,752-square-foot brick quadplex sits on a 0.19-acre lot and was built in 1900. The building contains two one-bedroom units, one two-bedroom unit, and one three-bedroom unit. Improvements completed in 2020 include windows, electrical service, plumbing, flooring, kitchens, and bathrooms; a new sewer line was installed in 2023. Exterior features include a porch, shingle roofing, baseboard and electric heating, and a driveway for parking.
The property is located at 3636 Reading Road in Cincinnati’s Avondale area, next to a recreation center and along a bus line. One three-bedroom unit is currently vacant.
The property is located at 3636 Reading Road in Cincinnati’s Avondale area, next to a recreation center and along a bus line. One three-bedroom unit is currently vacant.
Key Highlights
- 3,752‑square‑foot quadplex on a 0.19‑acre lot
- Unit mix includes two 1‑bedroom, one 2‑bedroom, and one 3‑bedroom units
- 2020 updates include windows, electric, plumbing, flooring, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,437
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,740
$628.7K
Cap Rate 7%
$449,100
$449.1K
Cap Rate 9%
$349,300
$349.3K
Market Conditions
NOI Build-Up for 3,752 SF
Gross rent
$47.7K $12.72/SF
− Vacancy
−$2.8K −$0.75/SF
EGI
$44.9K $11.97/SF
− OpEx
−$13.5K −$3.59/SF
NOI
$31.4K $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%
$628,740
Cap Rate 7%
$449,100
Cap Rate 9%
$349,300
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$393.0K – $524.0K
NOI $31,437 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$398.2K
$348.5K – $464.6K
NOI $27,877 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$745.8K
$652.6K – $870.2K
NOI $52,209 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 45229, OH
12,540
Population
7,813
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
2.7 sq mi
ZIP Area
4,644
Density / Sq Mi
$30,829
Median Household Income
$25,772
Median Earnings
$831
Median Rent
$316,000
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?
Quadplex - Brick multifamily property with upgraded kitchens, bathrooms, electrical, plumbing, flooring, windows, and sewer infrastructure.
Where is this quadplex located?
The property is located at 3636 Reading Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 3,752‑square‑foot quadplex on a 0.19‑acre lot; Unit mix includes two 1‑bedroom, one 2‑bedroom, and one 3‑bedroom units; 2020 updates include windows, electric, plumbing, flooring, kitchens, and bathrooms
