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    Brick Fourplex Apartment Building Title is generated by Realmo AI

    6431 Hammel Avenue, Golf Manor, OH 45237

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    Claim this Listing
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    For Sale
    $424,900

    MULTI_FAMILY - Golf Manor, OH

    Lot size:
    0.14 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 6431 Hammel Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway, Off Street
    Window features
    Aluminum Frames
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Standard status
    Active
    APN
    528-0003-0685-00
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating)

    Building Details

    Year built
    1961
    Number of units
    4
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Mark Mcgrath
    Mark Mcgrath

    Listing agent Mark Mcgrath

    Listing office Home Information Network, Inc. 9330 Kenwood Rd., Cincinnati, OH

    Listing date Jun 2, 2026

    MLS# 1881409 Listing URL

    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.

    HighLights

    • Brick 4‑family built in 1961 with two 2‑BR units and two 1‑BR units
    • Natural gas hot water heating and a shingle roof
    • Unit #1 includes a private deck off the bedroom
    • 2 new garage doors with automatic garage door openers plus storage
    • Total of 4 covered parking spaces with driveway and off‑street parking
    • Owner pays heat and water

    Overview

    This brick fourplex offers a straightforward 4-unit layout with two apartments containing 2 bedrooms and two apartments containing 1 bedroom. The larger units have been recently updated, and the overall configuration supports comfortable, self-contained living. Unit #1 includes a private deck off the bedroom, adding usable outdoor space for that apartment. The property also includes practical accessory improvements, including two new garage doors with automatic garage door openers, along with storage. Parking is provided with a total of four covered spaces.

    The building is located on a residential street in Golf Manor, OH. As a result, the setting is oriented toward tenants who prefer a neighborhood environment rather than a heavy commercial corridor. The property’s garage setup and covered parking can help reduce exposure to weather for everyday arrivals and departures.

    From a tenant or owner perspective, the unit mix allows flexibility with bedroom counts across the building. Owner-paid utilities include heat and water, which can simplify budgeting for residents. With the recent updates to the larger units and the covered parking arrangement, the property is positioned for practical, day-to-day operations and manageable showing access for prospective renters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Golf Manor
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.446282
    Latitude
    39.18914

    Nearby Similar for Sale

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    • $352,000

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    • $352,000

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      2539 Vera Avenue, Golf Manor, OH 45237
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    • $352,000

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      Fourplex with renovated units and on-site parking in Golf Manor.
      2543 Vera Avenue, Golf Manor, OH 45237
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    • $352,000

      Renovated Fourplex in Golf Manor

      Fourplex with renovated studio apartments and on-site parking.
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    FAQs

    What type of property is this?
    Quadplex - Brick fourplex with two 2-bedroom and two 1-bedroom units, updated interiors, and covered parking.
    Where is this quadplex located?
    The property is located at 6431 Hammel Avenue Golf Manor, OH.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: Brick 4‑family built in 1961 with two 2‑BR units and two 1‑BR units; Natural gas hot water heating and a shingle roof; Unit #1 includes a private deck off the bedroom
    (513) 793-3999
    We can help!
    Listing Contact
    Mark Mcgrath
    Mark Mcgrath
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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