4-Unit Brick
New
For Sale
$319,000
4244 Loubell Lane, Cincinnati, OH 45205
Residential Income, Cincinnati, OH
Property Size3,762 SF
Lot Size0.17 Acres
Price / SF$84.80
Days on Market2
Property Features for 4244 Loubell Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Driveway
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
8th to Clanora drive to Loubell Lane
Subdivision
Hamilton-W04
Standard status
Active
Size
3,762 SF
Lot size
0.17 Acres
Utilities
Heating system
Radiant, Natural Gas
Amenities
on site laundry
Building Details
Year built
1936
Number of units
4
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Jerry Garrison · License #433588
(513) 325-2245
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 3:06AM
MLS# 1897379
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.
Investment Insights
Based on property information with market context.
This 1936 brick quadplex contains four one-bedroom apartments, each measuring 875 square feet. The interiors include updated kitchens and bathrooms, and newer vinyl windows. Natural gas radiant heat serves the building. The property totals 3,762 square feet on a 0.173-acre lot and is fully leased.
Residents have access to on-site laundry, a large parking area, and two oversized garages. Driveway parking is also listed among the property features. The building is located in Cincinnati, Ohio.
Residents have access to on-site laundry, a large parking area, and two oversized garages. Driveway parking is also listed among the property features. The building is located in Cincinnati, Ohio.
Key Highlights
- Four one‑bedroom apartments, each measuring 875 sqft
- 3,762‑square‑foot brick building constructed in 1936
- Updated kitchens and bathrooms; newer vinyl windows
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.
How Realmo checks its estimates
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences feature refreshed kitchens and baths, with laundry and garage parking on site.
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; 3,762‑square‑foot brick building constructed in 1936; Updated kitchens and bathrooms; newer vinyl windows
