4-Unit Apartment
New
For Sale
$319,000
4244 Loubell Lane, Cincinnati, OH 45205
Four one-bedroom residences feature refreshed kitchens and bathrooms, on-site laundry, and two oversized garages.
Property Size3,762 SF
Price / SF$84.80
Days on Market4
Property Features for 4244 Loubell Lane
General Information
Standard status
Active
Size
3,762 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Amenities
on site laundry
Building Details
Year Built
1936
Construction
Colonial
Listing Agency:
Coldwell Banker Realty (513-321-9944)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 16 at 5:35AM
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 Coldwell Banker Realty (513-321-9944)
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Investment Insights
Based on property information with market context.
This four-unit property contains one-bedroom apartments measuring 875 square feet each, with updated kitchens and bathrooms. Newer vinyl windows, on-site laundry, a large parking area, and two oversized garages add practical features for residents and ownership. The building is fully leased.
Key Highlights
- Four one‑bedroom apartments, each measuring 875 sqft
- Fully leased
- Updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,951
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,020
$559.0K
Cap Rate 7%
$399,300
$399.3K
Cap Rate 9%
$310,567
$310.6K
Market Conditions
NOI Build-Up for 3,762 SF
Gross rent
$53.7K $14.28/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$50.8K $13.51/SF
− OpEx
−$22.9K −$6.08/SF
NOI
$28.0K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,020
Cap Rate 7%
$399,300
Cap Rate 9%
$310,567
Alternative Uses
Best Use
Multifamily LT 5
$450.3K
$394.0K – $525.4K
NOI $31,521 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$399.3K
$349.4K – $465.9K
NOI $27,951 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$747.8K
$654.4K – $872.5K
NOI $52,348 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
297
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences feature refreshed kitchens and bathrooms, on-site laundry, and two oversized garages.
Where is this quadplex located?
The property is located at 4244 Loubell Lane Cincinnati, OH.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Four one‑bedroom apartments, each measuring 875 sqft; Fully leased; Updated kitchens and bathrooms
