Updated Triplex with Hardwood
For Sale
$455,000
378 Howell Ave, Cincinnati, OH 45220
Three-unit residential property near the hospital and University of Cincinnati with refreshed interiors and classic hardwood flooring.
Property Size3,094 SF
Price / SF$147.06
Days on Market88
Property Features for 378 Howell Ave
General Information
Standard status
Active
Size
3,094 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1905
Listing Agency:
TREO REALTORS
Listed By:
Kent M. Maupin
(513) 731-8736
Source:
Lovdalgroup
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 15 at 12:04AM
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 TREO REALTORS
Investment Insights
Based on property information with market context.
This Cincinnati triplex contains 3,094 square feet across three residential units. Built in 1905, the property has received updates and features hardwood flooring throughout, combining an established structure with refreshed interior finishes.
The property is located at 378 Howell Ave near the hospital and the University of Cincinnati. Its three-unit configuration supports residential income use and may accommodate an owner-occupied arrangement, subject to applicable requirements.
The property is located at 378 Howell Ave near the hospital and the University of Cincinnati. Its three-unit configuration supports residential income use and may accommodate an owner-occupied arrangement, subject to applicable requirements.
Key Highlights
- Three‑unit triplex with 3,094 SF of property area
- Hardwood flooring throughout the property
- Updates completed to the interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,924
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,480
$518.5K
Cap Rate 7%
$370,343
$370.3K
Cap Rate 9%
$288,044
$288.0K
Market Conditions
NOI Build-Up for 3,094 SF
Gross rent
$39.4K $12.72/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$37.0K $11.97/SF
− OpEx
−$11.1K −$3.59/SF
NOI
$25.9K $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%
$518,480
Cap Rate 7%
$370,343
Cap Rate 9%
$288,044
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.1K – $432.1K
NOI $25,924 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.1K
NOI $22,988 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$615.0K
$538.2K – $717.6K
NOI $43,053 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 45220, OH
15,466
Population
7,400
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
5,333
Density / Sq Mi
$51,404
Median Household Income
$26,866
Median Earnings
$954
Median Rent
$385,200
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?
Triplex - Three-unit residential property near the hospital and University of Cincinnati with refreshed interiors and classic hardwood flooring.
Where is this triplex located?
The property is located at 378 Howell Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Three‑unit triplex with 3,094 SF of property area; Hardwood flooring throughout the property; Updates completed to the interior
