Renovated
For Sale
$365,000
6244 Beechmont Ave, Cincinnati, OH 45230
Two-unit residence with updated systems, kitchens, baths, windows, and flooring throughout.
Property Size2,756 SF
Price / SF$132.44
Days on Market31
Property Features for 6244 Beechmont Ave
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Residential Income
Listing Agency:
LPT Realty
4390049
Listed By:
Charles Williams
4390049
Source:
Exprealty
Added: Jul 30
Changed: Aug 21
Last Checked: Aug 29 at 2:24PM
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 = 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
$23,092
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
6.33%
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%
$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
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
$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 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%
$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 6.33%
Second Best
Apartment 5plus
$292.5K
$256.0K – $341.3K
NOI $20,477 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$547.9K
$479.4K – $639.2K
NOI $38,350 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 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 $365,000.
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
