Renovated Quadplex with
5855 Lathrop Place Cincinnati, OH 45224
New
5855 Lathrop Place, Cincinnati, OH, 45224
$375,000
For Sale
$375,000
MULTI_FAMILY - Cincinnati, OH
Property Size3,376 SF
Lot Size0.21 Acres
Price / SF$111.08
Days on Market2
Property Features for 5855 Lathrop Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Off Street, On Street
- Standard status
- Active
- APN
- 229-0004-0009-00
- Size
- 3,376 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Radiant, Natural Gas
Building Details
- Year built
- 1952
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
Keller Williams Advisors
(513) 766-9200
2105 Grandin Road, Cincinnati, OH
Listed by
Kim Ackerman · License #382903
(513) 766-9200
Added: Jul 17 Checked: Jul 18 at 11:06 am
MLS# 1887227
Listing URL
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.
Investment Insights
Based on property information with market context.
This spacious College Hill four-family quadplex has been refreshed throughout. Each apartment offers a newly updated kitchen, new flooring, PVC plumbing stacks, new light fixtures, and fresh paint. Tile bathrooms are in very good condition, and the interior presents a stylish Art Deco look and feel.
The property is set at 5855 Lathrop Place in Cincinnati, Ohio 45224. The building is configured with easy-to-lease one-bedroom apartments, each with an individual balcony and approximately 800 square feet of space. Newer “mechanics” are noted for the property.
With four separate apartment units, this quadplex is positioned for straightforward leasing based on the current one-bedroom layout and the recent unit-level improvements.
The property is set at 5855 Lathrop Place in Cincinnati, Ohio 45224. The building is configured with easy-to-lease one-bedroom apartments, each with an individual balcony and approximately 800 square feet of space. Newer “mechanics” are noted for the property.
With four separate apartment units, this quadplex is positioned for straightforward leasing based on the current one-bedroom layout and the recent unit-level improvements.
Key Highlights
- Spacious College Hill four‑family with one bedroom apartments featuring individual balconies
- Each unit includes a new kitchen, new flooring, freshly painted interiors, and new light fixtures
- PVC plumbing stacks added and tile bathrooms are reported in very good condition
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 | $42.9k | $12.72 |
| − Vacancy | −$2.5k | −$0.75 |
| EGI | $40.4k | $11.97 |
| − OpEx | −$12.1k | −$3.59 |
| NOI | $28.3k | $8.38 |
3,376 SF · lease $12.72/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.1K
$353.6K – $471.4K
NOI $28,286 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$358.3K
$313.5K – $418.1K
NOI $25,083 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$671.1K
$587.2K – $783.0K
NOI $46,977 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Four spacious apartments feature updated kitchens, flooring, plumbing stacks, lighting, and tile bathrooms, with one-bedroom units and private balconies.
Where is this quadplex located?
The property is located at 5855 Lathrop Place Cincinnati, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Spacious College Hill four‑family with one bedroom apartments featuring individual balconies; Each unit includes a new kitchen, new flooring, freshly painted interiors, and new light fixtures; PVC plumbing stacks added and tile bathrooms are reported in very good condition
