Two-Unit Residential
5532 Orlando Place, Cincinnati, OH 45227
For Sale
$369,999
Both residences offer separate kitchens and living areas, with a rear deck and accessible ramp serving the property.
Property Size2,402 SF
Price / SF$154.04
Days on Market41
Property Features for 5532 Orlando Place
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Coldwell Banker Realty
(513) 891-8500
Listed By:
Robert R Smith
(513) 604-6515
Source:
Falgnerrealty
Added: Sep 30
Changed: Nov 7
Last Checked: Nov 9 at 6:24AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 2,402-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. The first unit includes living, family, and dining rooms, an eat-in galley kitchen, carpeting, and fireplaces. The second has a living room, a kitchen with pantry, and carpeting. A rear deck with a ramp and a backyard parking pad are also part of the property. Built in 1884, the building provides a defined two-unit layout with distinct interior spaces.
Key Highlights
- 2,402‑square‑foot duplex built in 1884
- Two units, each with 2 bedrooms and 1 bathroom
- First unit features living, family, and dining rooms plus an eat‑in galley kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,126
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,520
$402.5K
Cap Rate 7%
$287,514
$287.5K
Cap Rate 9%
$223,622
$223.6K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$30.6K $12.72/SF
− Vacancy
−$1.8K −$0.75/SF
EGI
$28.8K $11.97/SF
− OpEx
−$8.6K −$3.59/SF
NOI
$20.1K $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%
$402,520
Cap Rate 7%
$287,514
Cap Rate 9%
$223,622
Alternative Uses
Best Use
Multifamily LT 5
$287.5K
$251.6K – $335.4K
NOI $20,126 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,847 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$477.5K
$417.8K – $557.1K
NOI $33,424 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
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Business Placement
Demographics for 45227, OH
18,427
Population
9,425
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
94%
High-School Grad
5.8 sq mi
ZIP Area
3,177
Density / Sq Mi
$70,614
Median Household Income
$50,011
Median Earnings
$1,220
Median Rent
$256,400
Median Home Value
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Market
Average Price Trend$/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 residences offer separate kitchens and living areas, with a rear deck and accessible ramp serving the property.
Where is this duplex located?
The property is located at 5532 Orlando Place Cincinnati, OH.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: 2,402‑square‑foot duplex built in 1884; Two units, each with 2 bedrooms and 1 bathroom; First unit features living, family, and dining rooms plus an eat‑in galley kitchen
