Brick Duplex with Private
For Sale
$155,000
4000 Akochia Avenue, Cincinnati, OH 45205
Two-unit residential property with separate utilities, individual entries, and current month-to-month occupancy.
Property Size1,638 SF
Days on Market216
Property Features for 4000 Akochia Avenue
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Average Monthly Rent
$925
Multifamily Units
2
Amenities
Gas
Central Air
Shingle
Building Details
Building Size
1,638 SF
Year Built
1941
Construction
brick
Listing Agency:
Endurance Realty & Investments
(513) 325-4403
Listed By:
John Harrison · License #205244
Source:
Kw
Added: Jan 29
Changed: Aug 31
Last Checked: Sep 1 at 12:20AM
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 Endurance Realty & Investments
Investment Insights
Based on property information with market context.
This brick duplex was built in 1941 and offers two separately accessed residential units. Each unit has its own private entrance, while separate utility service supports distinct household operations. Interior features include gas service and central air conditioning, with shingle roofing noted among the exterior components.
The property is fully rented under month-to-month tenancy arrangements. Located at 4000 Akochia Avenue in Cincinnati, Ohio, the duplex provides an established residential income configuration with both units occupied.
The property is fully rented under month-to-month tenancy arrangements. Located at 4000 Akochia Avenue in Cincinnati, Ohio, the duplex provides an established residential income configuration with both units occupied.
Key Highlights
- Two‑unit brick duplex built in 1941
- Private entrance for each unit
- Separate utilities for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,724
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,480
$274.5K
Cap Rate 7%
$196,057
$196.1K
Cap Rate 9%
$152,489
$152.5K
Market Conditions
NOI Build-Up for 1,638 SF
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.
Gross rent
$20.8K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$19.6K $11.97/SF
− OpEx
−$5.9K −$3.59/SF
NOI
$13.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$274,480
Cap Rate 7%
$196,057
Cap Rate 9%
$152,489
Alternative Uses
Best Use
Multifamily LT 5
$196.1K
$171.6K – $228.7K
NOI $13,724 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$173.9K
$152.1K – $202.8K
NOI $12,170 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$325.6K
$284.9K – $379.9K
NOI $22,793 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 45205, OH
19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate utilities, individual entries, and current month-to-month occupancy.
Where is this duplex located?
The property is located at 4000 Akochia Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1941; Private entrance for each unit; Separate utilities for the two residences
