4829 Reading Road, Cincinnati, OH 45237
For Sale
$425,000
All three residences are occupied, and the owner covers water and trash service.
Property Size3,075 SF
Price / SF$138.21
Days on Market71
Property Features for 4829 Reading Road
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Units
Listing Agency:
Coldwell Banker Realty
(513) 891-8500
Listed By:
Wendy Furbay
(513) 379-5174
Source:
Falgnerrealty
Added: Sep 1
Changed: Nov 9
Last Checked: Nov 9 at 7:23AM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,075-square-foot triplex contains three residences and was built in 1928. Each unit was updated in 2024 and 2025, and all are currently occupied. The property is zoned Multi Family, with water and trash paid by the owner.
The property is near universities, downtown Cincinnati, and major highways. Showings require 24 hours’ notice.
The property is near universities, downtown Cincinnati, and major highways. Showings require 24 hours’ notice.
Key Highlights
- Three‑unit property with 3,075 square feet
- All units updated in 2024 and 2025
- All residences are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,764
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,280
$515.3K
Cap Rate 7%
$368,057
$368.1K
Cap Rate 9%
$286,267
$286.3K
Market Conditions
NOI Build-Up for 3,075 SF
Gross rent
$39.1K $12.72/SF
− Vacancy
−$2.3K −$0.75/SF
EGI
$36.8K $11.97/SF
− OpEx
−$11.0K −$3.59/SF
NOI
$25.8K $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%
$515,280
Cap Rate 7%
$368,057
Cap Rate 9%
$286,267
Alternative Uses
Best Use
Multifamily LT 5
$368.1K
$322.1K – $429.4K
NOI $25,764 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,847 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$611.3K
$534.9K – $713.2K
NOI $42,789 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 45237, OH
21,029
Population
10,976
Households
1.9
Avg Household Size
41
Median Age
29%
College-Educated
88%
High-School Grad
6.1 sq mi
ZIP Area
3,447
Density / Sq Mi
$43,598
Median Household Income
$34,276
Median Earnings
$863
Median Rent
$158,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Cincinnati, OH
Properties on Market for Triplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are occupied, and the owner covers water and trash service.
Where is this triplex located?
The property is located at 4829 Reading Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑unit property with 3,075 square feet; All units updated in 2024 and 2025; All residences are currently rented
