Duplex with Separate
487 Pedretti Avenue, Cincinnati, OH 45238
For Sale
New
$219,900
Residential Income, Delhi Twp, OH
Property Size1,814 SF
Lot Size0.16 Acres
Price / SF$121.22
Days on Market4
Property Features for 487 Pedretti Avenue
General Information
Property type
Property subtype
Parking features
Window features
Fireplace
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Amenities
washer/dryer
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 874-3300
Listed By:
Gregory Hinners
(513) 766-9200
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1900153
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.
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Investment Insights
Based on property information with market context.
This 1,814-square-foot duplex, built in 1948, has a three-bedroom, one-bath residence on the first floor and a one-bedroom unit upstairs. Each residence has its own HVAC equipment, water heater, and breaker panel. A washer and dryer are available for use by either household.
The property includes a two-car garage in the basement and driveway parking, with space behind the driveway that can serve as a parking spot for the upstairs unit. The 0.163-acre parcel is on a bus line and within the Oak Hills School District.
The property includes a two-car garage in the basement and driveway parking, with space behind the driveway that can serve as a parking spot for the upstairs unit. The 0.163-acre parcel is on a bus line and within the Oak Hills School District.
Key Highlights
- 1,814‑square‑foot duplex on a 0.163‑acre lot
- First‑floor residence has 3 bedrooms and 1 bathroom; second‑floor unit has 1 bedroom
- Separate HVAC systems, water heaters, and breaker panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,357
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,140
$387.1K
Cap Rate 7%
$276,529
$276.5K
Cap Rate 9%
$215,078
$215.1K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$29.4K $16.20/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$27.7K $15.24/SF
− OpEx
−$8.3K −$4.57/SF
NOI
$19.4K $10.67/SF
Area
ZIP 45238
Vacancy
5.90%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,140
Cap Rate 7%
$276,529
Cap Rate 9%
$215,078
Alternative Uses
Best Use
Multifamily LT 5
$276.5K
$242.0K – $322.6K
NOI $19,357 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$242.2K
$211.9K – $282.6K
NOI $16,953 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$403.6K
$353.2K – $470.9K
NOI $28,254 @ 7.0% cap · market cap 12.85%
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
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 45238, OH
46,864
Population
21,834
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
10.3 sq mi
ZIP Area
4,550
Density / Sq Mi
$64,672
Median Household Income
$40,043
Median Earnings
$913
Median Rent
$168,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Distinct heating, water-heating, and electrical systems serve the two residences.
Where is this duplex located?
The property is located at 487 Pedretti Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 1,814‑square‑foot duplex on a 0.163‑acre lot; First‑floor residence has 3 bedrooms and 1 bathroom; second‑floor unit has 1 bedroom; Separate HVAC systems, water heaters, and breaker panels
