Updated Two-Unit
For Sale
$399,000
404 Mohawk St, Cincinnati, OH 45214
Historic duplex with distinct one- and two-bedroom residences, city views, and furnished second-unit interiors.
Property Size2,083 SF
Price / SF$191.55
Days on Market86
Property Features for 404 Mohawk St
General Information
Standard status
Active
Size
2,083 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1874
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Christi J Nolan
(866) 212-4991
Source:
Lovdalgroup
Added: Jul 21
Changed: Sep 23
Last Checked: Oct 7 at 3:31PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1874, this 2,083-square-foot duplex includes two separate residences with a practical one-bedroom/one-bath layout in Unit 1 and a two-bedroom/one-bath configuration in Unit 2. Unit 1 includes a recently renovated bathroom, while Unit 2 features updated interiors and an inviting living area. Furnishings in the second unit are included.
The property sits in Cincinnati’s historic Mohawk District above Over-the-Rhine, with city views and a walkable setting near the Brewery District, TQL Stadium, Findlay Market, restaurants, breweries, shops, and entertainment venues. Recent improvements and major updates are also noted for the property.
The property sits in Cincinnati’s historic Mohawk District above Over-the-Rhine, with city views and a walkable setting near the Brewery District, TQL Stadium, Findlay Market, restaurants, breweries, shops, and entertainment venues. Recent improvements and major updates are also noted for the property.
Key Highlights
- Two‑unit duplex totaling 2,083 square feet
- Unit 1 offers 1 bedroom and 1 bath
- Unit 2 includes 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,453
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,060
$349.1K
Cap Rate 7%
$249,329
$249.3K
Cap Rate 9%
$193,922
$193.9K
Market Conditions
NOI Build-Up for 2,083 SF
Gross rent
$26.5K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$24.9K $11.97/SF
− OpEx
−$7.5K −$3.59/SF
NOI
$17.5K $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%
$349,060
Cap Rate 7%
$249,329
Cap Rate 9%
$193,922
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.2K – $290.9K
NOI $17,453 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$221.1K
$193.5K – $257.9K
NOI $15,476 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$414.1K
$362.3K – $483.1K
NOI $28,985 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 45214, OH
8,901
Population
5,028
Households
1.8
Avg Household Size
32
Median Age
23%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,297
Density / Sq Mi
$26,348
Median Household Income
$27,243
Median Earnings
$762
Median Rent
$102,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Historic duplex with distinct one- and two-bedroom residences, city views, and furnished second-unit interiors.
Where is this duplex located?
The property is located at 404 Mohawk St Cincinnati, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,083 square feet; Unit 1 offers 1 bedroom and 1 bath; Unit 2 includes 2 bedrooms and 1 bath
