Brick Duplex with
For Sale
$359,000
Pending
6235 Cortelyou Ave, Cincinnati, OH 45213
A vacant upper unit and two garage spaces offer distinct occupancy and parking features.
Property Size2,228 SF
Days on Market9
Property Features for 6235 Cortelyou Ave
General Information
Standard status
Pending
Size
2,228 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Pleasant Ridge
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
balcony
Building Details
Buildings
1
Construction
brick
Listing Agency:
Home Information Network, Inc.
(513) 793-3999
Listed By:
John H McGrath
(513) 288-0808
Source:
Exprealty
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:03AM
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 Home Information Network, Inc.
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Investment Insights
Based on property information with market context.
This 2,228-square-foot brick duplex contains two 2-bedroom residences. The second-floor unit is vacant and has a balcony. Two garage spaces are reached by a shared driveway. The property is located at 6235 Cortelyou Ave in Cincinnati, Ohio.
Key Highlights
- 2,228‑square‑foot brick duplex
- Two 2‑bedroom units
- Vacant second‑floor residence with balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,668
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,360
$373.4K
Cap Rate 7%
$266,686
$266.7K
Cap Rate 9%
$207,422
$207.4K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$28.3K $12.72/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$26.7K $11.97/SF
− OpEx
−$8.0K −$3.59/SF
NOI
$18.7K $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%
$373,360
Cap Rate 7%
$266,686
Cap Rate 9%
$207,422
Alternative Uses
Best Use
Multifamily LT 5
$266.7K
$233.4K – $311.1K
NOI $18,668 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,554 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$442.9K
$387.5K – $516.7K
NOI $31,003 @ 7.0% cap · market cap 8.64%
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
381
Businesses Nearby
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Business Placement
Demographics for 45213, OH
12,052
Population
5,844
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
3.1 sq mi
ZIP Area
3,888
Density / Sq Mi
$70,897
Median Household Income
$54,650
Median Earnings
$929
Median Rent
$259,300
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 - A vacant upper unit and two garage spaces offer distinct occupancy and parking features.
Where is this duplex located?
The property is located at 6235 Cortelyou Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2,228‑square‑foot brick duplex; Two 2‑bedroom units; Vacant second‑floor residence with balcony
