Building Details

Year built 1946

Number of units 2

Building materials Brick

Roof type Shingle

Listing Agency: Home Information Network, Inc. C***@gmail.com Show Phone

Listed By: John Mcgrath Show Phone

Added: Oct 15 Last Checked: Oct 16 at 1:06AM

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MLS# 1897433

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.

This 2,228-square-foot brick duplex contains two 2-bedroom units. The second-floor residence is vacant, and a balcony extends from that unit. The property also has a porch and two garage spaces, with access through a shared driveway. Built in 1946, the building is heated by natural gas with forced-air equipment and has a shingle roof.

Located in Cincinnati, the property occupies a 0.186-acre lot. Driveway and off-street parking are also listed among the parking features.

Key Highlights

• Two 2‑bedroom units in a 2,228‑square‑foot duplex
• Second‑floor unit is vacant
• Two garage spaces accessed by a shared driveway

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

Is this asking price fair?

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 (±1% cap)

NOI $18,668 @ 7.0% cap · market cap 5.20%

Second Best

Apartment 5plus

$236.5K

$206.9K – $275.9K (±1% cap)

NOI $16,554 @ 7.0% cap · market cap 4.61%

Theoretical Best

Office A

$442.9K

$387.5K – $516.7K (±1% cap)

NOI $31,003 @ 7.0% cap · market cap 8.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Food Market Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

381

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate two-bedroom residences provide a straightforward configuration for residential income use.

Where is this duplex located?

The property is located at 6235 Cortelyou Avenue 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: Two 2‑bedroom units in a 2,228‑square‑foot duplex; Second‑floor unit is vacant; Two garage spaces accessed by a shared driveway