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    Cincinnati Multifamily Student Housing Opportunity Title is generated by Realmo AI

    421 Southview Avenue, Cincinnati, OH 45219

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    Claim this Listing
    For Sale
    $375,000

    MULTI_FAMILY - Cincinnati, OH

    Property size:
    2,276 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $164/SF
    Added:
    May 1, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 14 at 2:06 pm

    Property Features for 421 Southview Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Window features
    Vinyl Frames
    Patio and Porch features
    Porch, Deck
    Exterior features
    Porch, Covered Deck
    Standard status
    Active
    APN
    098-0006-0039-00
    Size
    2,276 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Membrane

    We can help!

    Listing Contact
    Garry Schloemer

    Listing agent Garry Schloemer

    Listing office Align Right Realty Infinity 7835 REMINGTON RD, Cincinnati, OH

    Listing date May 1, 2026

    MLS# 1873143 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.

    HighLights

    • Student housing near University of Cincinnati; 0.4 miles to campus
    • Two‑unit setup: 1x 1x1 and 1x 3x1
    • 1x1 leased for 2026–2027 at $800/month; pro forma 2027–2028 at $975/month
    • 3x1 for lease 2026–2027 at $1,800/month; pro forma 2027–2028 at $2,095/month
    • Updates include shingle roof (2025), rubber membrane section (2021), two furnaces (2025 and 2023), vinyl siding (2026), and vinyl windows (2015)
    • Utilities: owner pays water/sewer; tenant pays gas/electric; basement laundry

    Overview

    This multifamily property, located at 421 Southview Avenue in Cincinnati, Ohio, is identified by Parcel ID 098-0006-0039-00. Situated approximately 0.4 miles from the University of Cincinnati campus, this property is purposed for student housing. The property features two units: one 1x1 unit and one 3x1 unit, totaling 2276 square feet on a 0.057-acre lot. The property includes a shingle roof (2025) and a rubber membrane section (2021), along with two furnaces (2025) and (2023). The building has vinyl siding (2026) and vinyl windows (2015). Plumbing consists of PVC and copper, including a PVC stack. Basement laundry facilities are available. The 1x1 unit is leased for the 2026-2027 school year at $800 per month, with a pro forma of $975 per month for the 2027-2028 school year. The 3x1 unit is available for lease at $1800 per month for the 2026-2027 school year, with a pro forma of $2095 per month for the 2027-2028 school year. Tenants are responsible for gas and electric utilities, while the owner covers water and sewer.

    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 $29.0k $12.72
    − Vacancy −$1.7k −$0.75
    EGI $27.2k $11.97
    − OpEx −$8.2k −$3.59
    NOI $19.1k $8.38
    2,276 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $272.4K
    $238.4K – $317.8K (±1% cap)
    NOI $19,070 @ 7.0% cap · market cap 5.09%
    Second Best
    Apartment 5plus
    $241.6K
    $211.4K – $281.8K (±1% cap)
    NOI $16,910 @ 7.0% cap · market cap 4.51%
    Theoretical Best
    Office A
    $452.4K
    $395.9K – $527.9K (±1% cap)
    NOI $31,671 @ 7.0% cap · market cap 8.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.527442
    Latitude
    39.126917

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    FAQs

    What type of property is this?
    Duplex - Multifamily property near the University of Cincinnati campus.
    Where is this duplex located?
    The property is located at 421 Southview Avenue Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Student housing near University of Cincinnati; 0.4 miles to campus; Two‑unit setup: 1x 1x1 and 1x 3x1; 1x1 leased for 2026–2027 at $800/month; pro forma 2027–2028 at $975/month
    (513) 607-2015
    We can help!
    Listing Contact
    Garry Schloemer
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