Duplex with Updated
4368 Eastern Avenue, Cincinnati, OH 45226
For Sale
$242,500
A one-bedroom residence includes a remodeled kitchen, tiled bathroom, living area, and basement storage.
Property Size1,408 SF
Price / SF$172.23
Days on Market63
Property Features for 4368 Eastern Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
220 Volt
Porch
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
Comey & Shepherd
(513) 561-5800
Listed By:
Diane L Thomas
(513) 535-1485
Source:
Falgnerrealty
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 9 at 6:15AM
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 Comey & Shepherd
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Investment Insights
Based on property information with market context.
Built in 1901, this 1,408-square-foot duplex is zoned Multi Family. One unit has been updated and contains one bedroom, a tiled bathroom, a renovated kitchen, and a living room. Basement storage and a washer and dryer are included.
The property is on Eastern Avenue in Cincinnati’s Columbia Tusculum neighborhood, with downtown, Lunken Airport, parks, trails, and East End dining and entertainment among the nearby destinations. Tenants pay gas and electric; the landlord covers water.
The property is on Eastern Avenue in Cincinnati’s Columbia Tusculum neighborhood, with downtown, Lunken Airport, parks, trails, and East End dining and entertainment among the nearby destinations. Tenants pay gas and electric; the landlord covers water.
Key Highlights
- 1,408‑square‑foot duplex built in 1901
- Multi Family zoning
- Updated unit with one bedroom, tiled bathroom, renovated kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,797
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,940
$235.9K
Cap Rate 7%
$168,529
$168.5K
Cap Rate 9%
$131,078
$131.1K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$17.9K $12.72/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$16.9K $11.97/SF
− OpEx
−$5.1K −$3.59/SF
NOI
$11.8K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,940
Cap Rate 7%
$168,529
Cap Rate 9%
$131,078
Alternative Uses
Best Use
Multifamily LT 5
$168.5K
$147.5K – $196.6K
NOI $11,797 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$149.4K
$130.8K – $174.4K
NOI $10,461 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$279.9K
$244.9K – $326.5K
NOI $19,592 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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Business Placement
Demographics for 45226, OH
5,687
Population
3,272
Households
1.7
Avg Household Size
36
Median Age
73%
College-Educated
98%
High-School Grad
5.7 sq mi
ZIP Area
998
Density / Sq Mi
$100,320
Median Household Income
$59,639
Median Earnings
$1,244
Median Rent
$387,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A one-bedroom residence includes a remodeled kitchen, tiled bathroom, living area, and basement storage.
Where is this duplex located?
The property is located at 4368 Eastern Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $242,500.
What are key features of this property?
This property features: 1,408‑square‑foot duplex built in 1901; Multi Family zoning; Updated unit with one bedroom, tiled bathroom, renovated kitchen, and living room
