Brick Duplex with Covered
540 Purcell Avenue, Cincinnati, OH 45205
For Sale
New
$340,000
Residential Income, Cincinnati, OH
Property Size3,274 SF
Lot Size0.16 Acres
Price / SF$103.85
Days on Market2
Property Features for 540 Purcell Avenue
General Information
Property type
Property subtype
Parking features
Window features
Patio and Porch features
Exterior features
Fencing
Fireplace
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Sarah Ragle
(513) 378-4663
Added: Nov 6
Last Checked: Nov 7 at 1:06PM
MLS# 1899564
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.
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Investment Insights
Based on property information with market context.
This 3,274-square-foot duplex was built in 1917 and sits on a 0.156-acre parcel at 540 Purcell Avenue in Cincinnati. Brick construction, a shingle roof, and a fireplace are among its physical features. Outdoor areas include a porch, balcony, and covered deck, with wood and privacy fencing also present.
Both units are occupied. Heating is provided by a forced-air system using natural gas, and parking is on the street.
Both units are occupied. Heating is provided by a forced-air system using natural gas, and parking is on the street.
Key Highlights
- Two‑unit duplex with 3,274 square feet of building area
- Built in 1917 on a 0.156‑acre parcel
- Brick construction and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,432
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,640
$548.6K
Cap Rate 7%
$391,886
$391.9K
Cap Rate 9%
$304,800
$304.8K
Market Conditions
NOI Build-Up for 3,274 SF
Gross rent
$41.6K $12.72/SF
− Vacancy
−$2.5K −$0.75/SF
EGI
$39.2K $11.97/SF
− OpEx
−$11.8K −$3.59/SF
NOI
$27.4K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,640
Cap Rate 7%
$391,886
Cap Rate 9%
$304,800
Alternative Uses
Best Use
Multifamily LT 5
$391.9K
$342.9K – $457.2K
NOI $27,432 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$347.5K
$304.1K – $405.4K
NOI $24,325 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$650.8K
$569.5K – $759.3K
NOI $45,558 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
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
$112,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, and the property includes a porch, balcony, and covered deck.
Where is this duplex located?
The property is located at 540 Purcell Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,274 square feet of building area; Built in 1917 on a 0.156‑acre parcel; Brick construction and shingle roof
