4-Unit Brick
For Sale
$325,000
5855 Shadymist Ln, Cincinnati, OH 45239
Three apartments are leased month-to-month, with one unit currently unleased.
Property Size3,290 SF
Price / SF$98.78
Days on Market16
Property Features for 5855 Shadymist Ln
General Information
Standard status
Active
Size
3,290 SF
Property subtype
Residential Income
Occupancy
75%
Units
Unit Mix
2 x Two Bedroom, 2 x 1 Bedroom
Multifamily Units
4
Building Details
Construction
Solid Brick
Listing Agency:
Keller Williams Advisors
(513) 766-9200
Listed By:
Jerry T. Garrison · License #433588
3252245
Source:
Exprealty
Added: Oct 4
Changed: Oct 17
Last Checked: Oct 16 at 2:47PM
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 Keller Williams Advisors
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Investment Insights
Based on property information with market context.
This 3,290-square-foot brick quadplex contains four apartments: two two-bedroom units and two one-bedroom units. The apartments have been updated. Three units are leased on month-to-month agreements, leaving one unit unleased.
Key Highlights
- 3,290‑square‑foot brick building with four apartments
- Two two‑bedroom units and two one‑bedroom units
- Three apartments leased month‑to‑month; one unit unleased
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.
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Current Use
Lease Details
4
Residential units
75%
Occupancy
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
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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?
Quadplex - Three apartments are leased month-to-month, with one unit currently unleased.
Where is this quadplex located?
The property is located at 5855 Shadymist Ln 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: 3,290‑square‑foot brick building with four apartments; Two two‑bedroom units and two one‑bedroom units; Three apartments leased month‑to‑month; one unit unleased
