Brick Duplex with Fenced
For Sale
$275,000
4110 Jerome Ave, Cincinnati, OH 45223
Two-unit property with one vacant apartment and one occupied unit.
Property Size2,718 SF
Price / SF$101.18
Days on Market63
Property Features for 4110 Jerome Ave
General Information
Standard status
Active
Size
2,718 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
fenced-in rear yard
Building Details
Year Built
1913
Buildings
1
Construction
brick
Listing Agency:
TREO REALTORS
Listed By:
Brett A Keppler · License #2007006185
(513) 800-0950
Source:
Finn-team
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 7 at 4:25PM
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 2,718-square-foot duplex was built in 1913 and features brick construction, updated bathrooms, and a fenced rear yard. The two apartments are served by separate furnaces and water heaters, supporting independent unit operations. One apartment is vacant, while the other is leased to a long-term resident.
The property sits on a quiet, no-outlet street in Cincinnati’s Northside area, with on-street parking available. Downtown and the University of Cincinnati are accessible from the property. Residents pay all utilities other than water.
The property sits on a quiet, no-outlet street in Cincinnati’s Northside area, with on-street parking available. Downtown and the University of Cincinnati are accessible from the property. Residents pay all utilities other than water.
Key Highlights
- 2,718 SF duplex built in 1913
- Brick construction with updated bathrooms
- Separate furnaces and water heaters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,773
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,460
$455.5K
Cap Rate 7%
$325,329
$325.3K
Cap Rate 9%
$253,033
$253.0K
Market Conditions
NOI Build-Up for 2,718 SF
Gross rent
$34.6K $12.72/SF
− Vacancy
−$2.0K −$0.75/SF
EGI
$32.5K $11.97/SF
− OpEx
−$9.8K −$3.59/SF
NOI
$22.8K $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%
$455,460
Cap Rate 7%
$325,329
Cap Rate 9%
$253,033
Alternative Uses
Best Use
Multifamily LT 5
$325.3K
$284.7K – $379.6K
NOI $22,773 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$288.5K
$252.4K – $336.6K
NOI $20,194 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$540.3K
$472.8K – $630.4K
NOI $37,821 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 45223, OH
13,174
Population
6,765
Households
1.9
Avg Household Size
33
Median Age
43%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
2,864
Density / Sq Mi
$46,930
Median Household Income
$41,482
Median Earnings
$914
Median Rent
$203,800
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?
Duplex - Two-unit property with one vacant apartment and one occupied unit.
Where is this duplex located?
The property is located at 4110 Jerome Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,718 SF duplex built in 1913; Brick construction with updated bathrooms; Separate furnaces and water heaters for each unit
