Duplex with Two-Car
For Sale
$339,000
Pending
6239 Crestview Pl, Cincinnati, OH 45230
Two-unit property with separate laundry, covered porches, and basement storage lockers.
Property Size2,112 SF
Days on Market26
Property Features for 6239 Crestview Pl
General Information
Standard status
Pending
Size
2,112 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
50%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
covered porches
hardwood floors
full kitchens
large backyard
basement
storage lockers
washer/dryer
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Coldwell Banker Realty
(513) 379-4967
Listed By:
Susan C. Kuehnle
(513) 379-4967
Source:
Exprealty
Added: Jul 20
Changed: Aug 9
Last Checked: Aug 14 at 12:21PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex includes two distinct residential units with hardwood floors, fresh paint, full kitchens, and covered porches. The two-story unit has 3BR/1BA and is vacant, with a newly installed kitchen. The second unit offers 1BR/1BA and is leased. Each unit has its own washer and dryer, while the basement provides two storage lockers.
The property also includes an attached 2-car garage, a large backyard, and a roof replaced in 2019. The owner pays water, and tenants pay electric. Located on Crestview Pl in Cincinnati, the property is near Mt. Washington Square, shops, restaurants, and parks. The same owner has held the property for 20+ years, and professional management is provided by Cincy Rents.
The property also includes an attached 2-car garage, a large backyard, and a roof replaced in 2019. The owner pays water, and tenants pay electric. Located on Crestview Pl in Cincinnati, the property is near Mt. Washington Square, shops, restaurants, and parks. The same owner has held the property for 20+ years, and professional management is provided by Cincy Rents.
Key Highlights
- Two‑unit duplex with 3BR/1BA and 1BR/1BA layouts
- Vacant two‑story unit includes a brand‑new kitchen
- Attached 2‑car garage and large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,696
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,920
$353.9K
Cap Rate 7%
$252,800
$252.8K
Cap Rate 9%
$196,622
$196.6K
Market Conditions
NOI Build-Up for 2,112 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.9K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$25.3K $11.97/SF
− OpEx
−$7.6K −$3.59/SF
NOI
$17.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,920
Cap Rate 7%
$252,800
Cap Rate 9%
$196,622
Alternative Uses
Best Use
Multifamily LT 5
$252.8K
$221.2K – $294.9K
NOI $17,696 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$224.2K
$196.2K – $261.5K
NOI $15,692 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$419.8K
$367.4K – $489.8K
NOI $29,388 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 45230, OH
27,718
Population
11,987
Households
2.3
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
2,023
Density / Sq Mi
$87,100
Median Household Income
$53,900
Median Earnings
$962
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate laundry, covered porches, and basement storage lockers.
Where is this duplex located?
The property is located at 6239 Crestview Pl Cincinnati, OH.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑unit duplex with 3BR/1BA and 1BR/1BA layouts; Vacant two‑story unit includes a brand‑new kitchen; Attached 2‑car garage and large backyard
