Brick Duplex with
New
For Sale
$199,900
4370 St Lawrence Avenue, Cincinnati, OH 45205
Residential Income, Cincinnati, OH
Property Size1,947 SF
Lot Size0.12 Acres
Price / SF$102.67
Days on Market7
Property Features for 4370 St Lawrence Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Driveway
Window features
Vinyl Frames
Fireplace
1
High school district
Cincinnati City SD
Directions
Turn off of Anderson Ferry rd on to Rapid Run Rd then the property will be on the left once you get to Saint Lawrence Ave.
Subdivision
Hamilton-W04
Standard status
Active
APN
180-0080-0465-00
Size
1,947 SF
Lot size
0.12 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1926
Number of units
2
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Michele Mamo · License #216745
(866) 212-4991
Added: Aug 27
Changed: Sep 1
Last Checked: Sep 2 at 6:06AM
MLS# 1891962
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 duplex contains 1,947 square feet within a 0.124-acre parcel and was built in 1926. The property combines brick and vinyl siding, a shingle roof, forced-air heating, and natural gas service. A fireplace adds another existing building feature, while parking is provided through a garage and driveway.
Located at 4370 St Lawrence Avenue in Cincinnati, the property carries a 45205 ZIP Code and is situated in Hamilton County. Its two-unit configuration and existing rental use provide a straightforward residential income property format for an investor or owner seeking a small multifamily asset.
Located at 4370 St Lawrence Avenue in Cincinnati, the property carries a 45205 ZIP Code and is situated in Hamilton County. Its two-unit configuration and existing rental use provide a straightforward residential income property format for an investor or owner seeking a small multifamily asset.
Key Highlights
- Two‑unit duplex totaling 1,947 square feet
- Built in 1926 on a 0.124‑acre parcel
- Brick and vinyl siding with a shingle roof
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
$16,313
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
8.16%
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%
$326,260
$326.3K
Cap Rate 7%
$233,043
$233.0K
Cap Rate 9%
$181,256
$181.3K
Market Conditions
NOI Build-Up for 1,947 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
$24.8K $12.72/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.3K $11.97/SF
− OpEx
−$7.0K −$3.59/SF
NOI
$16.3K $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 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%
$326,260
Cap Rate 7%
$233,043
Cap Rate 9%
$181,256
Alternative Uses
Best Use
Multifamily LT 5
$233.0K
$203.9K – $271.9K
NOI $16,313 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$206.7K
$180.8K – $241.1K
NOI $14,466 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$387.0K
$338.7K – $451.6K
NOI $27,093 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
346
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with garage parking, driveway access, and established rental use.
Where is this duplex located?
The property is located at 4370 St Lawrence Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,947 square feet; Built in 1926 on a 0.124‑acre parcel; Brick and vinyl siding with a shingle roof
