Renovated
For Sale
$349,000
6244 Beechmont Ave, Cincinnati, OH 45230
Two-unit residence with updated systems, kitchens, baths, windows, and flooring throughout.
Property Size2,756 SF
Price / SF$126.63
Days on Market66
Property Features for 6244 Beechmont Ave
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Multi-Family
Building Details
Year Built
1964
Listing Agency:
LPT Realty
Listed By:
Charles Williams
4390049
Source:
Cincylivingwithangela
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 7 at 1:50PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This duplex at 6244 Beechmont Ave in Cincinnati, Ohio, offers 2,756 square feet with refreshed interiors and substantial system updates. Improvements include a new roof, electrical panels and disconnect, plumbing work, a new water heater, and new double-hung windows. Heating and cooling have been upgraded with mini-splits paired with a high-efficiency boiler system.
Both units benefit from updated kitchens and bathrooms, fresh interior and exterior paint, modern light fixtures, recessed lighting, new LVP flooring, and carpet. The configuration supports an owner-occupant seeking a separate second unit or a larger household looking for added space and privacy.
Both units benefit from updated kitchens and bathrooms, fresh interior and exterior paint, modern light fixtures, recessed lighting, new LVP flooring, and carpet. The configuration supports an owner-occupant seeking a separate second unit or a larger household looking for added space and privacy.
Key Highlights
- 2,756‑square‑foot duplex at 6244 Beechmont Ave, Cincinnati, OH
- New roof, electrical panels and disconnect, plumbing upgrades, and water heater
- New mini‑splits paired with a high‑efficiency boiler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,092
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,840
$461.8K
Cap Rate 7%
$329,886
$329.9K
Cap Rate 9%
$256,578
$256.6K
Market Conditions
NOI Build-Up for 2,756 SF
Gross rent
$35.1K $12.72/SF
− Vacancy
−$2.1K −$0.75/SF
EGI
$33.0K $11.97/SF
− OpEx
−$9.9K −$3.59/SF
NOI
$23.1K $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%
$461,840
Cap Rate 7%
$329,886
Cap Rate 9%
$256,578
Alternative Uses
Best Use
Multifamily LT 5
$329.9K
$288.7K – $384.9K
NOI $23,092 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$292.5K
$256.0K – $341.3K
NOI $20,477 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$547.9K
$479.4K – $639.2K
NOI $38,350 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
354
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with updated systems, kitchens, baths, windows, and flooring throughout.
Where is this duplex located?
The property is located at 6244 Beechmont Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,756‑square‑foot duplex at 6244 Beechmont Ave, Cincinnati, OH; New roof, electrical panels and disconnect, plumbing upgrades, and water heater; New mini‑splits paired with a high‑efficiency boiler system
