Renovated 2-Unit
For Sale
$275,000
Pending
6026 Hamilton Ave, Cincinnati, OH 45224
Two separately metered residences share central heating and air conditioning.
Property Size3,358 SF
Days on Market23
Property Features for 6026 Hamilton Ave
General Information
Standard status
Pending
Size
3,358 SF
Property subtype
Residential Income
Site & Location
Neighborhood
College Hill
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Amenities
Central heat/air
Building Details
Year Renovated
2019
Listing Agency:
Keller Williams Advisors
(513) 766-9200
Listed By:
Carol Dominguez
(513) 313-9640
Source:
Exprealty
Added: Oct 5
Changed: Oct 25
Last Checked: Oct 26 at 7:01PM
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 duplex contains two apartments: a one-bedroom, one-bath unit on the ground level and a two-bedroom, one-bath unit above. The property measures 3,358 square feet and has separate utilities, with central heat and air serving the building. Renovations completed in 2019 included the roof, electrical systems, HVAC, plumbing, and interior finishes; the work was fully permitted.
The property is on Hamilton Avenue in Cincinnati’s College Hill business district. Dining, coffee, and neighborhood shops along the avenue include Brink Brewing, Tortilleria Garcia, and Fern.
The property is on Hamilton Avenue in Cincinnati’s College Hill business district. Dining, coffee, and neighborhood shops along the avenue include Brink Brewing, Tortilleria Garcia, and Fern.
Key Highlights
- Two apartments: one‑bedroom, one‑bath ground‑floor unit and two‑bedroom, one‑bath upper unit
- 3,358‑square‑foot property
- Separate utilities; central heat and air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,950
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,000
$499.0K
Cap Rate 7%
$356,429
$356.4K
Cap Rate 9%
$277,222
$277.2K
Market Conditions
NOI Build-Up for 3,358 SF
Gross rent
$48.0K $14.28/SF
− Vacancy
−$2.6K −$0.77/SF
EGI
$45.4K $13.51/SF
− OpEx
−$20.4K −$6.08/SF
NOI
$24.9K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,000
Cap Rate 7%
$356,429
Cap Rate 9%
$277,222
Alternative Uses
Best Use
Multifamily LT 5
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$356.4K
$311.9K – $415.8K
NOI $24,950 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$667.5K
$584.1K – $778.8K
NOI $46,727 @ 7.0% cap · market cap 16.99%
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
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 45224, OH
20,214
Population
9,886
Households
2
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
6.1 sq mi
ZIP Area
3,314
Density / Sq Mi
$57,754
Median Household Income
$39,579
Median Earnings
$895
Median Rent
$174,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences share central heating and air conditioning.
Where is this duplex located?
The property is located at 6026 Hamilton Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two apartments: one‑bedroom, one‑bath ground‑floor unit and two‑bedroom, one‑bath upper unit; 3,358‑square‑foot property; Separate utilities; central heat and air
