549 Prospect Place, Cincinnati, OH 45229
MULTI_FAMILY - Cincinnati, OH
- Added:
- Jun 8, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 13 at 7:06 pm
Property Features for 549 Prospect Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Driveway
- Window features
- Wood Frames
- Fireplace
- 1
- Standard status
- Active
- APN
- 107-0008-0099-00
- Size
- 2,016 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1923
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Zondra Brown (513) 766-9200
Listing office Keller Williams Advisors 9277 Centre Pointe Dr, Cincinnati, OH (513) 227-9151
Listing date Jun 8, 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.
HighLights
- Duplex built in 1923 with brick construction, shingle roof, and forced‑air natural gas heating
- Side A: 3 bedrooms and 1 full bath
- Side B: 1 bedroom and 1 full bath and is currently tenant occupied
- Fireplace present
- Includes both on‑street and off‑street parking, plus driveway and garage parking
- Sold AS IS, WHERE IS; cash or conventional financing only
Overview
The address is 549 Prospect Place in Cincinnati, OH 45229, in Hamilton County. The location is described as centrally positioned, with convenient access to shopping, dining, and commuter routes. The property is also stated to be within 4 miles of two local universities.
For investors seeking a duplex with immediate occupancy, Side B’s current tenant placement can provide rental income from day one, while Side A offers a separate 3-bedroom, 1-bath layout for additional income potential. The seller’s terms limit purchases to cash or conventional financing, and buyers should plan for condition considerations given the AS IS, WHERE IS offering.
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 | $25.6k | $12.72 |
| − Vacancy | −$1.5k | −$0.75 |
| EGI | $24.1k | $11.97 |
| − OpEx | −$7.2k | −$3.59 |
| NOI | $16.9k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.495597
- Latitude
- 39.142923
