Occupied Two-Family
4620 Carter Avenue, Norwood, OH 45212
For Sale
$169,900
Both residences have tenants in place, with covered porches and parking for at least one vehicle.
Property Size1,440 SF
Price / SF$117.99
Days on Market34
Property Features for 4620 Carter Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
covered front porches
large windows
classic wood trim
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Keller Williams Seven Hills Re
(513) 371-5070
Listed By:
Brian J Jackson · License #2015000321
(513) 477-9520
Source:
Mileshometeam
Added: Oct 5
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 Keller Williams Seven Hills Re
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,440-square-foot duplex was built in 1924 and contains two occupied residences. Covered front porches serve both levels, while large windows and wood trim contribute to the building’s character. Covered parking accommodates at least one vehicle. The property is being sold as-is.
Xavier University is nearby, and shopping, restaurants, and services are available along Montgomery Road.
Xavier University is nearby, and shopping, restaurants, and services are available along Montgomery Road.
Key Highlights
- Two occupied residences
- 1,440 square feet; built in 1924
- Covered front porch on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,587
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,740
$271.7K
Cap Rate 7%
$194,100
$194.1K
Cap Rate 9%
$150,967
$151.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$20.6K $14.28/SF
− Vacancy
−$1.2K −$0.80/SF
EGI
$19.4K $13.48/SF
− OpEx
−$5.8K −$4.04/SF
NOI
$13.6K $9.44/SF
Area
Hamilton County, OH
Vacancy
5.61%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,740
Cap Rate 7%
$194,100
Cap Rate 9%
$150,967
Alternative Uses
Best Use
Multifamily LT 5
$194.1K
$169.8K – $226.5K
NOI $13,587 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$177.6K
$155.4K – $207.2K
NOI $12,431 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$258.2K
$225.9K – $301.2K
NOI $18,071 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Hamilton County, OH
Properties on Market for Duplexes in Hamilton County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have tenants in place, with covered porches and parking for at least one vehicle.
Where is this duplex located?
The property is located at 4620 Carter Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two occupied residences; 1,440 square feet; built in 1924; Covered front porch on each level
