Brick 4-Unit Apartment
5855 Monfort Hills Avenue, Cincinnati, OH 45239
For Sale
New
$320,000
Residential Income, Cincinnati, OH
Property Size3,360 SF
Lot Size0.17 Acres
Price / SF$95.24
Days on Market2
Property Features for 5855 Monfort Hills Avenue
General Information
Property type
Property subtype
Parking features
Window features
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Amenities
hardwood floors
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
OwnerLand Realty, Inc.
(513) 600-2512
Listed By:
Chau Phung
(513) 479-1324
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 1:06PM
MLS# 1899664
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.
The brick apartment property contains four units across 3,360 square feet. Two apartments have one bedroom and one bathroom each; the other two offer two bedrooms and one bathroom apiece. Hardwood floors are noted, and the building dates to 1954. Steam heat serves the property, which has a shingle roof. Parking is available both on and off the street.
The property sits on a 0.169-acre lot in Cincinnati. Nearby shopping and restaurants, along with access to a bus line, are part of the surrounding area.
The property sits on a 0.169-acre lot in Cincinnati. Nearby shopping and restaurants, along with access to a bus line, are part of the surrounding area.
Key Highlights
- Four apartments: two 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- 100% occupancy
- 3,360 square feet on a 0.169‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,152
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
$563.0K
Cap Rate 7%
$402,171
$402.2K
Cap Rate 9%
$312,800
$312.8K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$42.7K $12.72/SF
− Vacancy
−$2.5K −$0.75/SF
EGI
$40.2K $11.97/SF
− OpEx
−$12.1K −$3.59/SF
NOI
$28.2K $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%
$563,040
Cap Rate 7%
$402,171
Cap Rate 9%
$312,800
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$351.9K – $469.2K
NOI $28,152 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$356.6K
$312.1K – $416.1K
NOI $24,964 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$667.9K
$584.4K – $779.2K
NOI $46,754 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
463
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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Market
Properties on Market for Quadplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with a mix of one- and two-bedroom layouts.
Where is this quadplex located?
The property is located at 5855 Monfort Hills Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four apartments: two 1‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; 100% occupancy; 3,360 square feet on a 0.169‑acre lot
