Tudor-Style Duplex with
5645 Colerain Avenue, Cincinnati, OH 45239
For Sale
$235,000
One unit is vacant, and the property includes an attached garage and separate electric service.
Property Size2,192 SF
Price / SF$107.21
Days on Market63
Property Features for 5645 Colerain Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Multifamily Units
Individually Metered Utilities
Amenities
attached garage
extra parking pad
2 balconies
Balcony
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
Comey & Shepherd
(513) 891-4444
Listed By:
Karen B Kearns
(513) 205-1496
Source:
Galbraithrealtors
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 9 at 4:04PM
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 Comey & Shepherd
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Investment Insights
Based on property information with market context.
Built in 1939, this two-unit Tudor-style property contains 2,192 square feet. Both units retain original architectural details, with hardwood flooring beneath the carpet. The layout includes spacious rooms and two balconies. An attached garage and an additional parking pad serve the property.
One unit is vacant, while the property has a history of rental activity. The sale is offered as-is, with conventional financing or cash buyers specified.
One unit is vacant, while the property has a history of rental activity. The sale is offered as-is, with conventional financing or cash buyers specified.
Key Highlights
- Two‑unit property with 2,192 square feet
- Built in 1939 with Tudor‑style architecture
- One unit is vacant; property has a rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,366
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,320
$367.3K
Cap Rate 7%
$262,371
$262.4K
Cap Rate 9%
$204,067
$204.1K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$27.9K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$26.2K $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%
$367,320
Cap Rate 7%
$262,371
Cap Rate 9%
$204,067
Alternative Uses
Best Use
Multifamily LT 5
$262.4K
$229.6K – $306.1K
NOI $18,366 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$232.7K
$203.6K – $271.4K
NOI $16,286 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$435.7K
$381.3K – $508.4K
NOI $30,502 @ 7.0% cap · market cap 12.98%
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
438
Businesses Nearby
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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
$155,500
Median Home Value
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Market
Average Price Trend$/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 - One unit is vacant, and the property includes an attached garage and separate electric service.
Where is this duplex located?
The property is located at 5645 Colerain Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit property with 2,192 square feet; Built in 1939 with Tudor‑style architecture; One unit is vacant; property has a rental history
