Multi-Unit Property Near
510 Tafel Street Cincinnati, OH 45225
510 Tafel Street, Cincinnati, OH, 45225
$169,900
For Sale
$169,900
MULTI_FAMILY - Cincinnati, OH
Property Size1,636 SF
Lot Size0.06 Acres
Price / SF$103.85
Days on Market100
Property Features for 510 Tafel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Fireplace
- 1
- Standard status
- Active
- APN
- 098-0004-0032-00
- Size
- 1,636 SF
- Lot size
- 0.06 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1882
- Number of units
- 2
- Building materials
- Aluminum Siding
- Roof type
- Shingle
Listing Agency
Ken Perry Realty, Inc.
(859) 442-6800
444 Northern Avenue, Alexandria, OH
Listed by
Kelli Smith
(859) 240-8229
Added: Apr 9 Checked: Jul 17 at 1:06 pm
MLS# 1874767
Listing URL
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.
Investment Insights
Based on property information with market context.
This multi-unit property is situated near the University of Cincinnati, an area known for consistent rental demand. Both units are currently occupied, providing immediate income potential. The tenant is responsible for electric, which helps to keep owner expenses lower. The property size is 1636 square feet and the lot size is 0.058 acres. The price reflects the current condition, offering an opportunity for value-add improvements and increased returns. This property is located in Cincinnati, OH, with the postal code 45225, in Hamilton County.
Key Highlights
- Prime location near the University of Cincinnati, ensuring consistent rental demand.
- Immediate income potential with both units currently occupied.
- Opportunity for value‑add improvements to increase returns.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.8k | $12.72 |
| − Vacancy | −$1.2k | −$0.75 |
| EGI | $19.6k | $11.97 |
| − OpEx | −$5.9k | −$3.59 |
| NOI | $13.7k | $8.38 |
1,636 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.8K
$171.3K – $228.5K
NOI $13,707 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$173.6K
$151.9K – $202.6K
NOI $12,155 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multi-unit property near the University of Cincinnati with income potential.
Where is this duplex located?
The property is located at 510 Tafel Street Cincinnati, 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: Prime location near the University of Cincinnati, ensuring consistent rental demand.; Immediate income potential with both units currently occupied.; Opportunity for value‑add improvements to increase returns.
