Tudor-Style Quadplex with
For Sale
$595,000
3731 E Center St, Cincinnati, OH 45227
Four occupied apartments feature hardwood floors, individual HVAC systems, basement storage, and shared laundry facilities.
Property Size3,990 SF
Price / SF$149.12
Days on Market55
Property Features for 3731 E Center St
General Information
Standard status
Active
Size
3,990 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
coin op laundry
storage units
Building Details
Year Built
1951
Buildings
1
Construction
Tudor
Listing Agency:
Comey & Shepherd
(513) 241-3400
Listed By:
Rebecca L. Weber · License #202929
(859) 468-2544
Source:
Exprealty
Added: Aug 13
Changed: Sep 7
Last Checked: Oct 5 at 11:55PM
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 Comey & Shepherd
Investment Insights
Based on property information with market context.
Built in 1951, this Tudor-style quadplex contains four 2-bedroom, 1-bath apartments within a 3,990-square-foot building. Each residence includes hardwood flooring, a separate furnace, and central air. Common improvements include an interior hallway and a shared basement with individual storage areas.
The property adds two oversized rear-entry garages and coin-operated laundry facilities, providing additional income sources. The roof was replaced in 2023, and the mechanical systems are maintained. All four apartments are currently occupied, while separate metering serves the units and common areas. The building is located on E Center Street near Mariemont’s town square.
The property adds two oversized rear-entry garages and coin-operated laundry facilities, providing additional income sources. The roof was replaced in 2023, and the mechanical systems are maintained. All four apartments are currently occupied, while separate metering serves the units and common areas. The building is located on E Center Street near Mariemont’s town square.
Key Highlights
- Four 2‑bedroom, 1‑bath units; all currently occupied
- 3,990‑square‑foot building constructed in 1951 in the Tudor style
- Roof fully replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,431
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,620
$668.6K
Cap Rate 7%
$477,586
$477.6K
Cap Rate 9%
$371,456
$371.5K
Market Conditions
NOI Build-Up for 3,990 SF
Gross rent
$50.8K $12.72/SF
− Vacancy
−$3.0K −$0.75/SF
EGI
$47.8K $11.97/SF
− OpEx
−$14.3K −$3.59/SF
NOI
$33.4K $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%
$668,620
Cap Rate 7%
$477,586
Cap Rate 9%
$371,456
Alternative Uses
Best Use
Multifamily LT 5
$477.6K
$417.9K – $557.2K
NOI $33,431 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$423.5K
$370.6K – $494.1K
NOI $29,645 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$793.2K
$694.0K – $925.4K
NOI $55,521 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 45227, OH
18,427
Population
9,425
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
94%
High-School Grad
5.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$70,614
Median Household Income
$50,011
Median Earnings
$1,220
Median Rent
$256,400
Median Home Value
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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 - Four occupied apartments feature hardwood floors, individual HVAC systems, basement storage, and shared laundry facilities.
Where is this quadplex located?
The property is located at 3731 E Center St Cincinnati, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; all currently occupied; 3,990‑square‑foot building constructed in 1951 in the Tudor style; Roof fully replaced in 2023
