Well-Maintained Duplex With Detached
4320 Forest Avenue Norwood, OH 45212
New
4320 Forest Avenue, Norwood, OH, 45212
$350,000
For Sale
$350,000
MULTI_FAMILY - Norwood, OH
Property Size3,292 SF
Lot Size0.15 Acres
Price / SF$106.32
Days on Market2
Property Features for 4320 Forest Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Porch, Deck
- Exterior features
- Deck, Porch, Metal Fence, Privacy Fence
- Fencing
- Privacy, Fenced
- Fireplace
- 1
- Standard status
- Active
- APN
- 6510030006100
- Size
- 3,292 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1895
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agency
Real Link
(513) 204-0131
Listed by
Adam Marit
(513) 461-1190
Added: Jul 21 Checked: Jul 22 at 9:06AM
MLS# 1887654
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 well-maintained duplex at 4318 and 4320 Forest Avenue in Norwood offers two units with identical floor plans. Each unit includes three bedrooms and one full bath, with hardwood floors throughout, along with a living room and dining room, plus a functional kitchen.
Outside, both sides benefit from a fenced backyard area, off-street parking, and a detached garage that can support day-to-day storage and convenience.
The property is currently presented as a duplex with independent unit layouts, making it suitable for tenants and owner-occupants seeking a two-unit residential income structure. Please note the instruction provided in the remarks: do not walk on the upstairs deck.
Outside, both sides benefit from a fenced backyard area, off-street parking, and a detached garage that can support day-to-day storage and convenience.
The property is currently presented as a duplex with independent unit layouts, making it suitable for tenants and owner-occupants seeking a two-unit residential income structure. Please note the instruction provided in the remarks: do not walk on the upstairs deck.
Key Highlights
- Well‑maintained duplex with two units at 4318 & 4320 Forest Ave
- Each unit has 3 bedrooms and 1 full bath with hardwood floors throughout
- Identical unit floor plans with spacious living areas, plus kitchen, living room, and dining room
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 | $47.0k | $14.28 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $44.4k | $13.48 |
| − OpEx | −$13.3k | −$4.04 |
| NOI | $31.1k | $9.44 |
3,292 SF · lease $14.28/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.7K
$388.3K – $517.7K
NOI $31,061 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$406.0K
$355.2K – $473.7K
NOI $28,419 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$590.2K
$516.4K – $688.6K
NOI $41,313 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex in Norwood features two matching 3-bedroom units with hardwood floors, fenced yards, off-street parking, and a detached garage.
Where is this duplex located?
The property is located at 4320 Forest Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑maintained duplex with two units at 4318 & 4320 Forest Ave; Each unit has 3 bedrooms and 1 full bath with hardwood floors throughout; Identical unit floor plans with spacious living areas, plus kitchen, living room, and dining room
