Renovated Victorian
For Sale
Contact for pricing
445 LUDLOW AVE, Cincinnati, OH 45220
Three-unit Victorian property with a two-story primary residence and separate apartment spaces.
Property Size3,941 SF
Price / SF$202.74
Days on Market63
Property Features for 445 LUDLOW AVE
General Information
Standard status
Active
Size
3,941 SF
Class
A
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
RM-0.7-T
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Year Renovated
2025
Buildings
1
Stories
3
Units
3
Construction
Victorian
Listing Agency:
Sibcy Cline
Listed By:
Nat Comisar · License #OH SAL.2006000748
(513) 378-5801
Source:
Crexi
Added: Aug 5
Changed: Sep 28
Last Checked: Oct 5 at 6:02PM
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 Sibcy Cline
Investment Insights
Based on property information with market context.
This 3,941-square-foot Victorian triplex dates to 1900 and underwent a complete renovation in 2025. The primary residence spans two floors and includes four bedrooms and three full bathrooms. A third-floor apartment adds two bathrooms, while a basement efficiency apartment provides another private living area with a full bath. The property is zoned RM-0.7-T.
Located at 445 Ludlow Ave. in Cincinnati’s Clifton area, the property is within the Gaslight District and near Ludlow shops and restaurants. Campus access is also identified in the property information, supporting a location-oriented multifamily configuration with three distinct residential components.
Located at 445 Ludlow Ave. in Cincinnati’s Clifton area, the property is within the Gaslight District and near Ludlow shops and restaurants. Campus access is also identified in the property information, supporting a location-oriented multifamily configuration with three distinct residential components.
Key Highlights
- 3,941 SF Victorian triplex at 445 LUDLOW AVE, CINCINNATI, OH 45220
- Complete renovation in 2025
- Primary residence includes 4 bedrooms and 3 full bathrooms across 2 floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,020
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,400
$660.4K
Cap Rate 7%
$471,714
$471.7K
Cap Rate 9%
$366,889
$366.9K
Market Conditions
NOI Build-Up for 3,941 SF
Gross rent
$50.1K $12.72/SF
− Vacancy
−$3.0K −$0.75/SF
EGI
$47.2K $11.97/SF
− OpEx
−$14.2K −$3.59/SF
NOI
$33.0K $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%
$660,400
Cap Rate 7%
$471,714
Cap Rate 9%
$366,889
Alternative Uses
Best Use
Multifamily LT 5
$471.7K
$412.8K – $550.3K
NOI $33,020 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$418.3K
$366.0K – $488.0K
NOI $29,281 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$783.4K
$685.5K – $914.0K
NOI $54,839 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 45220, OH
15,466
Population
7,400
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
5,333
Density / Sq Mi
$51,404
Median Household Income
$26,866
Median Earnings
$954
Median Rent
$385,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Three-unit Victorian property with a two-story primary residence and separate apartment spaces.
Where is this triplex located?
The property is located at 445 LUDLOW AVE Cincinnati, OH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,941 SF Victorian triplex at 445 LUDLOW AVE, CINCINNATI, OH 45220; Complete renovation in 2025; Primary residence includes 4 bedrooms and 3 full bathrooms across 2 floors
