Well-Maintained Duplex
5321 Warren Avenue, Norwood, OH 45212
New
MULTI_FAMILY - Norwood, OH
Property size:
1,520 SFLot size:
0.08 AcresPrice / SF:
$144/SF- Added:
- Jun 1, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 5321 Warren Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, On Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Porch
- Interior features
- 220 Volt
- Exterior features
- Porch, Balcony
- Standard status
- Active
- APN
- 651-0005-0030-00
- Size
- 1,520 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Martin Russell (866) 212-4991
Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH (866) 212-4991
Listing date Jun 1, 2026
MLS# 1881258
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.
HighLights
- Duplex built in 1925 with two separate units that are currently fully occupied and rented month to month
- Separate utilities for each unit: separate electric panels, gas meters, furnaces, and water heaters
- Forced‑air natural gas heating and 220‑volt interior electrical service
- Vinyl siding exterior with a porch and balcony
- Shingle roof
- Parking includes driveway plus on‑street parking
Overview
This well-maintained duplex offers an investor-friendly setup with two fully occupied residential units. Both units are currently rented on a month-to-month basis, providing ongoing rental income without immediate vacancy concerns. The property also includes separate electric panels, gas meters, furnaces, and water heaters, which can simplify day-to-day operations and tenant servicing.
Located at 5321 Warren Avenue in Norwood, Ohio (Hamilton County), the duplex is positioned for convenience to local amenities and major commuting routes. The area is described as a vibrant community with easy access to what tenants typically look for day to day.
With two separate, independently served units, this duplex may appeal to buyers seeking a low-maintenance income-producing asset and straightforward portfolio expansion. The current occupancy and month-to-month tenancy structure can help support cash flow from the outset, while the property’s established rental setup may fit investors focused on consistent performance and long-term hold potential.
Located at 5321 Warren Avenue in Norwood, Ohio (Hamilton County), the duplex is positioned for convenience to local amenities and major commuting routes. The area is described as a vibrant community with easy access to what tenants typically look for day to day.
With two separate, independently served units, this duplex may appeal to buyers seeking a low-maintenance income-producing asset and straightforward portfolio expansion. The current occupancy and month-to-month tenancy structure can help support cash flow from the outset, while the property’s established rental setup may fit investors focused on consistent performance and long-term hold potential.
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 | $21.7k | $14.28 |
| − Vacancy | −$1.2k | −$0.80 |
| EGI | $20.5k | $13.48 |
| − OpEx | −$6.1k | −$4.04 |
| NOI | $14.3k | $9.44 |
1,520 SF · lease $14.28/SF/yr · vacancy 5.61% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Norwood
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.458682
- Latitude
- 39.172629
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two rented, month-to-month units with separate utilities support dependable income and low-maintenance ownership.
Where is this duplex located?
The property is located at 5321 Warren Avenue 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: Duplex built in 1925 with two separate units that are currently fully occupied and rented month to month; Separate utilities for each unit: separate electric panels, gas meters, furnaces, and water heaters; Forced‑air natural gas heating and 220‑volt interior electrical service
