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Renovated Duplex with Vacant Unit
For Sale
$269,900

540 Grand Ave, Cincinnati, OH 45205

Two-unit residential property includes one available unit and one occupied rental.

Property Size3,456 SF
Price / SF$78.10
Days on Market58

Property Features for 540 Grand Ave

General Information

Standard status Active
Size 3,456 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1895
Listing Agency: eXp Realty
Listed By: Arthur Greenlee IV · License #2021000929
Source: Finn-team
Added: Aug 20 Changed: Oct 1 Last Checked: Oct 7 at 4:47PM

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.

Located at 540 Grand Ave in Cincinnati, this 3,456-square-foot duplex combines a vacant five-bedroom, two-bath residence with a separate two-bedroom, one-bath unit. The property, built in 1895, has undergone major renovation work and offers two distinct residential layouts within the building.

The smaller unit is leased through October 2026, while the larger residence is available for occupancy. The seller has indicated a willingness to negotiate an early lease termination before closing, with related costs paid by the seller. The configuration supports an owner-occupant arrangement or continued operation as a two-unit rental property.

Key Highlights

  • 3,456‑square‑foot duplex at 540 Grand Ave, Cincinnati, OH 45205
  • Vacant 5‑bedroom, 2‑bath unit
  • Separate 2‑bedroom, 1‑bath unit leased through October 2026

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

546
Businesses Nearby

Demographics for 45205, OH

19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property includes one available unit and one occupied rental.
Where is this duplex located?
The property is located at 540 Grand Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 3,456‑square‑foot duplex at 540 Grand Ave, Cincinnati, OH 45205; Vacant 5‑bedroom, 2‑bath unit; Separate 2‑bedroom, 1‑bath unit leased through October 2026
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