4-Unit Brick
5017 Lillian Drive, Cincinnati, OH 45237
For Sale
New
$339,900
Residential Income, Cincinnati, OH
Property Size3,220 SF
Lot Size0.11 Acres
Price / SF$105.56
Days on Market1
Property Features for 5017 Lillian Drive
General Information
Property type
Property subtype
Parking features
Window features
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Jordan Fiore
(866) 212-4991
Added: Nov 10
Last Checked: Nov 10 at 11:06PM
MLS# 1899740
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 3,220-square-foot quadplex contains four residences: two one-bedroom units and two two-bedroom units. Built in 1947 with brick construction, the property sits on a 0.11-acre lot. Heating is natural gas, and parking options include a driveway, garage, and on-street spaces.
All four units are occupied and leased month to month. Tenants pay their own heat and electricity, and the property has separate utilities.
All four units are occupied and leased month to month. Tenants pay their own heat and electricity, and the property has separate utilities.
Key Highlights
- Four residential units: two one‑bedroom and two two‑bedroom residences
- All units occupied; leases are month to month
- 3,220 square feet on a 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,979
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,580
$539.6K
Cap Rate 7%
$385,414
$385.4K
Cap Rate 9%
$299,767
$299.8K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$41.0K $12.72/SF
− Vacancy
−$2.4K −$0.75/SF
EGI
$38.5K $11.97/SF
− OpEx
−$11.6K −$3.59/SF
NOI
$27.0K $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%
$539,580
Cap Rate 7%
$385,414
Cap Rate 9%
$299,767
Alternative Uses
Best Use
Multifamily LT 5
$385.4K
$337.2K – $449.7K
NOI $26,979 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$341.8K
$299.1K – $398.7K
NOI $23,924 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$640.1K
$560.1K – $746.8K
NOI $44,806 @ 7.0% cap · market cap 13.18%
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
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
375
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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Market
Properties on Market for Quadplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with two one-bedroom and two two-bedroom units.
Where is this quadplex located?
The property is located at 5017 Lillian Drive Cincinnati, OH.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Four residential units: two one‑bedroom and two two‑bedroom residences; All units occupied; leases are month to month; 3,220 square feet on a 0.11‑acre lot
