Duplex with Separate
For Sale
$220,000
5321 Warren Ave, Norwood, OH 45212
Two-unit property with one vacant residence and one month-to-month tenancy, supporting flexible occupancy or rental use.
Property Size1,520 SF
Price / SF$144.74
Days on Market88
Property Features for 5321 Warren Ave
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
eXp Realty
Listed By:
Martin S. Russell
(866) 212-4991
Source:
Cincylivingwithangela
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 15 at 1:02AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex contains 1,520 square feet across two residential units. The upper residence is vacant, while the lower unit is occupied under a month-to-month rental arrangement. Separate electric panels, gas meters, furnaces, and water heaters serve the units, providing distinct utility systems for each residence.
Built in 1925, the property is located in Norwood, Ohio, at 5321 Warren Ave. The configuration accommodates an owner seeking on-site occupancy alongside rental income or an investor adding a two-unit residential asset.
Built in 1925, the property is located in Norwood, Ohio, at 5321 Warren Ave. The configuration accommodates an owner seeking on-site occupancy alongside rental income or an investor adding a two-unit residential asset.
Key Highlights
- 1,520‑square‑foot duplex with two residential units
- Upper unit is vacant for flexible occupancy
- Lower unit is rented month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,342
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,840
$286.8K
Cap Rate 7%
$204,886
$204.9K
Cap Rate 9%
$159,356
$159.4K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$21.7K $14.28/SF
− Vacancy
−$1.2K −$0.80/SF
EGI
$20.5K $13.48/SF
− OpEx
−$6.1K −$4.04/SF
NOI
$14.3K $9.44/SF
Area
Hamilton County, OH
Vacancy
5.61%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,840
Cap Rate 7%
$204,886
Cap Rate 9%
$159,356
Alternative Uses
Best Use
Multifamily LT 5
$204.9K
$179.3K – $239.0K
NOI $14,342 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$187.5K
$164.0K – $218.7K
NOI $13,122 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$272.5K
$238.4K – $317.9K
NOI $19,075 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
Explore this area
Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one vacant residence and one month-to-month tenancy, supporting flexible occupancy or rental use.
Where is this duplex located?
The property is located at 5321 Warren Ave Norwood, OH.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,520‑square‑foot duplex with two residential units; Upper unit is vacant for flexible occupancy; Lower unit is rented month to month
