Cincinnati Multifamily Investment
For Sale
Contact for pricing
4259 Vine St, Cincinnati, OH 45217
Stabilized investment property with immediate cash flow and significant rent upside.
Property Size4,299 SF
Price / SF$127.91
Days on Market890
Property Features for 4259 Vine St
General Information
Standard status
Active
Size
4,299 SF
Class
C
Property subtype
Multifamily
Zoning
RMX
Building Details
Year Built
1870
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Ali Abdur-Rahman · License #OH 2004006274
Source:
Crexi
Added: Mar 2, 2024
Changed: Aug 8
Last Checked: Aug 8 at 2:36PM
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 Plum Tree Realty
Investment Insights
Based on property information with market context.
This multifamily property, located in a desirable Cincinnati neighborhood, presents an investment opportunity with immediate cash flow. The property benefits from its proximity to essential amenities and public transportation. The area is known for its safety, community quality of life, and access to excellent schools and parks. The property is priced to sell at a 7% capitalization rate. The current monthly income is $4,252. There is projected potential to increase the monthly rents to market rents at $7,650. Investing in this property represents not only an acquisition of a property with stable cash flow but also the opportunity to realize additional income through rent optimization. The area's ongoing development signals a positive trajectory for property values and rental rates. The property size is 4299 square feet.
Key Highlights
- Immediate Cash Flow: Currently generating $4,252 monthly income with stable tenants.
- Significant Rent Upside: Potential to increase monthly rents to $7,650.
- Prime Location: Situated in a desirable Cincinnati neighborhood with access to amenities, transportation, schools, and parks.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,941
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$638,820
$638.8K
Cap Rate 7%
$456,300
$456.3K
Cap Rate 9%
$354,900
$354.9K
Market Conditions
NOI Build-Up for 4,299 SF
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.
Gross rent
$61.4K $14.28/SF
− Vacancy
−$3.3K −$0.77/SF
EGI
$58.1K $13.51/SF
− OpEx
−$26.1K −$6.08/SF
NOI
$31.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$638,820
Cap Rate 7%
$456,300
Cap Rate 9%
$354,900
Alternative Uses
Best Use
Apartment 5plus
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.6K
$747.8K – $997.0K
NOI $59,821 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 45217, OH
6,177
Population
2,852
Households
2.2
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
2,808
Density / Sq Mi
$67,974
Median Household Income
$45,789
Median Earnings
$923
Median Rent
$149,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Stabilized investment property with immediate cash flow and significant rent upside.
Where is this multifamily property located?
The property is located at 4259 Vine St Cincinnati, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Immediate Cash Flow: Currently generating $4,252 monthly income with stable tenants.; Significant Rent Upside: Potential to increase monthly rents to $7,650.; Prime Location: Situated in a desirable Cincinnati neighborhood with access to amenities, transportation, schools, and parks.
