Brick Duplex with
For Sale
$330,000
5631 Colerain Avenue, Cincinnati, OH 45239
Residential Income, Cincinnati, OH
Property Size2,202 SF
Lot Size0.23 Acres
Price / SF$149.86
Days on Market48
Property Features for 5631 Colerain Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Garage
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
I74 off of I75 to Colerain Ave, North. Cross intersection of W. North Bend Rd & then Kirby Ave., property on left after Goldenrod on right of Colerain
Subdivision
Hamilton-W09
Standard status
Active
APN
231-0003-0063-00
Size
2,202 SF
Lot size
0.23 Acres
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1951
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Sibcy Cline, Inc.
(513) 931-7700
Listed By:
Barbara Fields
(513) 984-4100
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 9:06AM
MLS# 1893106
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 2,202-square-foot duplex offers two residential units in a brick building constructed in 1951. Recent updates include fresh paint, new carpet, and a newer shingle roof. Each unit has its own forced-air furnace and AC, while water service is paid by the owner. The property includes a detached 2-car garage connected to the building by a breezeway, along with driveway parking.
Located on Colerain Avenue in Cincinnati, the property is near a City Metro bus stop and provides access to major highways. Colerain Avenue connects north to shopping, dining, and major arteries, while travel south reaches downtown Cincinnati in approximately 10–20 minutes. Downtown destinations referenced include theaters, sporting events, Fountain Square, and dining.
Located on Colerain Avenue in Cincinnati, the property is near a City Metro bus stop and provides access to major highways. Colerain Avenue connects north to shopping, dining, and major arteries, while travel south reaches downtown Cincinnati in approximately 10–20 minutes. Downtown destinations referenced include theaters, sporting events, Fountain Square, and dining.
Key Highlights
- 2,202‑square‑foot duplex on a 0.232‑acre lot
- Two residential units with individual furnaces and AC systems
- Brick construction dating to 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,450
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,000
$369.0K
Cap Rate 7%
$263,571
$263.6K
Cap Rate 9%
$205,000
$205.0K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$28.0K $12.72/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$26.4K $11.97/SF
− OpEx
−$7.9K −$3.59/SF
NOI
$18.4K $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%
$369,000
Cap Rate 7%
$263,571
Cap Rate 9%
$205,000
Alternative Uses
Best Use
Multifamily LT 5
$263.6K
$230.6K – $307.5K
NOI $18,450 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$233.7K
$204.5K – $272.7K
NOI $16,361 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
Business Placement
Demographics for 45239, OH
28,499
Population
12,985
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,524
Density / Sq Mi
$58,276
Median Household Income
$37,094
Median Earnings
$949
Median Rent
$155,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate heating and cooling for each residence.
Where is this duplex located?
The property is located at 5631 Colerain Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,202‑square‑foot duplex on a 0.232‑acre lot; Two residential units with individual furnaces and AC systems; Brick construction dating to 1951
