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Updated Triplex Near University

378 Howell Avenue Cincinnati, OH 45220

378 Howell Avenue, Cincinnati, OH, 45220
$455,000
For Sale
Claim this Listing
$455,000

MULTI_FAMILY - Cincinnati, OH

Property Size3,094 SF
Price / SF$147.06
AddedDec 23, 2025
Days on Market203
Last RefreshJul 14 at 1:06 pm

Property Features for 378 Howell Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Driveway
Window features
Wood Frames
Patio and Porch features
Patio, Porch
Exterior features
Patio, Porch, Balcony, Wood Fence
Fencing
Wood
Fireplace
1
Standard status
Active
APN
214-0005-0099-00
Size
3,094 SF

Utilities

Heating system
Forced Air, Natural Gas

Building Details

Year built
1905
Number of units
3
Building materials
Stone, Brick
Roof type
Shingle

Listing agent Kent Maupin

Listing office TREO REALTORS 4680 Cooper Rd, Cincinnati, OH

Listing date Dec 23, 2025

MLS# 1864922 Listing URL

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 move-in-ready triplex features numerous updates and timeless charm. The property has been refreshed with thoughtful improvements, including stunning hardwood floors throughout. Located near the hospital and the University of Cincinnati, this property is suitable for house hacking or as an addition to an investment portfolio. The property is located in Cincinnati, OH, in the 45220 ZIP code, and Hamilton County. The property has a size of 3094 square feet.

Key Highlights

  • Triplex with timeless exterior materials including stone and brick, plus a shingle roof
  • Year built 1905 with fireplace and hardwood floors reported throughout
  • Multiple outdoor spaces including porch, patio, balcony, and a wood fence

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $39.4k $12.72
− Vacancy −$2.3k −$0.75
EGI $37.0k $11.97
− OpEx −$11.1k −$3.59
NOI $25.9k $8.38
3,094 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$370.3K
$324.1K – $432.1K (±1% cap)
NOI $25,924 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.1K (±1% cap)
NOI $22,988 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$615.0K
$538.2K – $717.6K (±1% cap)
NOI $43,053 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Dental Office Hair Salon Electrical Service HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Move-in-ready triplex near hospital and University of Cincinnati.
Where is this triplex located?
The property is located at 378 Howell Avenue 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: Triplex with timeless exterior materials including stone and brick, plus a shingle roof; Year built 1905 with fireplace and hardwood floors reported throughout; Multiple outdoor spaces including porch, patio, balcony, and a wood fence
Contact an agent
More about this property
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