Updated Duplex with New
For Sale
$345,000
Pending
4569 N Edgewood Ave, Cincinnati, OH 45232
Two-unit property with in-unit laundry and recently replaced plumbing, roofing, and HVAC systems.
Property Size2,592 SF
Days on Market32
Property Features for 4569 N Edgewood Ave
General Information
Standard status
Pending
Size
2,592 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1895
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Jeremiah Martin
Source:
Cincylivingwithangela
Added: Jul 31
Changed: Aug 31
Last Checked: Aug 30 at 9:02PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 2,592-square-foot duplex contains two residential units, each with in-unit laundry. Interior improvements include updated finishes, while major building systems have been addressed through new plumbing, a 2022 roof, and four brand-new HVAC units. Built in 1895, the property combines an established structure with extensive recent updates.
The property is located at 4569 N Edgewood Ave in Cincinnati, Ohio 45232. Its two-unit configuration and separate in-unit laundry provide a practical layout for residential occupancy, including an owner-occupant arrangement as identified in the property information.
The property is located at 4569 N Edgewood Ave in Cincinnati, Ohio 45232. Its two-unit configuration and separate in-unit laundry provide a practical layout for residential occupancy, including an owner-occupant arrangement as identified in the property information.
Key Highlights
- 2,592‑square‑foot duplex with 2 units
- In‑unit laundry in both units
- All major plumbing has been replaced
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
$21,717
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
6.29%
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%
$434,340
$434.3K
Cap Rate 7%
$310,243
$310.2K
Cap Rate 9%
$241,300
$241.3K
Market Conditions
NOI Build-Up for 2,592 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
$33.0K $12.72/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$31.0K $11.97/SF
− OpEx
−$9.3K −$3.59/SF
NOI
$21.7K $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%
$434,340
Cap Rate 7%
$310,243
Cap Rate 9%
$241,300
Alternative Uses
Best Use
Multifamily LT 5
$310.2K
$271.5K – $362.0K
NOI $21,717 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$275.1K
$240.7K – $321.0K
NOI $19,258 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$515.3K
$450.9K – $601.1K
NOI $36,068 @ 7.0% cap · market cap 10.45%
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
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 45232, OH
7,109
Population
3,369
Households
2.1
Avg Household Size
25
Median Age
15%
College-Educated
83%
High-School Grad
4.0 sq mi
ZIP Area
1,777
Density / Sq Mi
$25,232
Median Household Income
$25,484
Median Earnings
$605
Median Rent
$122,500
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 in-unit laundry and recently replaced plumbing, roofing, and HVAC systems.
Where is this duplex located?
The property is located at 4569 N Edgewood Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,592‑square‑foot duplex with 2 units; In‑unit laundry in both units; All major plumbing has been replaced
