4-Unit Brick
For Sale
$325,000
5855 Shadymist Lane, Cincinnati, OH 45239
Residential Income, Cincinnati, OH
Property Size3,290 SF
Lot Size0.17 Acres
Price / SF$98.78
Days on Market8
Property Features for 5855 Shadymist Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, On Street, Driveway
Window features
Vinyl Frames
High school district
Cincinnati City SD
Directions
kipling to Shadymist
Subdivision
Hamilton-W09
Standard status
Active
APN
231-0001-0153-00
Size
3,290 SF
Lot size
0.17 Acres
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1960
Number of units
4
Building materials
Brick
Roof type
Asbestos Shingle, Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Jerry Garrison · License #433588
(513) 325-2245
Added: Oct 2
Changed: Oct 9
Last Checked: Oct 9 at 4:06PM
MLS# 1896197
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 3,290-square-foot brick quadplex, built in 1960, contains four apartments: two with two bedrooms and two with one bedroom. Hot-water heating serves the building, and parking options include a driveway and off-street spaces.
Three of the four apartments are leased on a month-to-month basis. The property occupies a 0.172-acre parcel in Cincinnati.
Three of the four apartments are leased on a month-to-month basis. The property occupies a 0.172-acre parcel in Cincinnati.
Key Highlights
- Four apartments: two two‑bedroom units and two one‑bedroom units
- 3,290 square feet on a 0.172‑acre parcel
- Three apartments leased month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,566
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,320
$551.3K
Cap Rate 7%
$393,800
$393.8K
Cap Rate 9%
$306,289
$306.3K
Market Conditions
NOI Build-Up for 3,290 SF
Gross rent
$41.8K $12.72/SF
− Vacancy
−$2.5K −$0.75/SF
EGI
$39.4K $11.97/SF
− OpEx
−$11.8K −$3.59/SF
NOI
$27.6K $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%
$551,320
Cap Rate 7%
$393,800
Cap Rate 9%
$306,289
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.4K
NOI $27,566 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,444 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$654.0K
$572.3K – $763.0K
NOI $45,780 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
435
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix includes two two-bedroom units and two one-bedroom units, with three currently leased month to month.
Where is this quadplex located?
The property is located at 5855 Shadymist Lane Cincinnati, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four apartments: two two‑bedroom units and two one‑bedroom units; 3,290 square feet on a 0.172‑acre parcel; Three apartments leased month to month
