518 Forest Avenue Cincinnati, OH 45229
MULTI_FAMILY - Cincinnati, OH
Property Features for 518 Forest Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Window features
- Vinyl Frames
- Standard status
- Active
- APN
- 113-0002-0046-00
- Size
- 3,028 SF
- Lot size
- 0.22 Acres
Utilities
- Heating system
- Forced Air, Electric (Heating)
Building Details
- Year built
- 1890
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Jimmie Powell (513) 479-1324
Listing office OwnerLand Realty, Inc. 11260 Chester Rd, Suite 260, Cincinnati, OH (513) 896-1200
Listing date Jul 13, 2026
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.
The property is located at 518 Forest Avenue in Cincinnati, OH 45229, offering a practical setup for an owner who wants to rent one unit and live in the other.
With modern finishes carried through the living spaces and bathrooms, the home is positioned for straightforward, low-effort occupancy following renovation.
Key Highlights
- Newer renovations include all‑new exterior vinyl siding, a new roof, and a new HVAC system
- Luxury vinyl plank flooring throughout, with quartz countertops in the kitchen
- Fully updated bathrooms with new tile
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 | $38.5k | $12.72 |
| − Vacancy | −$2.3k | −$0.75 |
| EGI | $36.2k | $11.97 |
| − OpEx | −$10.9k | −$3.59 |
| NOI | $25.4k | $8.38 |
