Duplex with 3-Car
For Sale
$140,000
Pending
645 Blanche Ave., Cincinnati, OH 45215
Residential Income, Cincinnati, OH
Property Size1,710 SF
Lot Size0.14 Acres
Days on Market206
Property Features for 645 Blanche Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Garage, On Street
Patio and Porch features
Porch
Exterior features
Porch, Enclosed Porch
High school district
Lockland City SD
Directions
Reading Rd. to Clark Rd., turns into Mill Street across the bridge, turn left onto Blanche.
Subdivision
Hamilton-E03
Standard status
Pending
APN
601-0002022800
Size
1,710 SF
Lot size
0.14 Acres
Utilities
Heating system
Natural Gas, Forced Air
Amenities
separate utilities
individual washer and dryer hookups
full basement
enclosed porch
large fenced-in yard
Building Details
Year built
1930
Number of units
2
Building materials
Aluminum Siding, Brick
Roof type
Shingle
Listing Agency:
3 B Realty Group LLC
(513) 278-7545
Listed By:
Coleen Garrett
(513) 325-4036
Added: Mar 23
Changed: Oct 14
Last Checked: Oct 14 at 11:06PM
MLS# 1872558
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.
Investment Insights
Based on property information with market context.
This 1,710-square-foot duplex, built in 1930, contains two distinct units with a one-bedroom, one-bath layout and a two-bedroom, one-bath layout. Both residences include spacious rooms, individual washer and dryer hookups, and access to a full basement. The larger unit also has an enclosed porch that adds flexible interior space.
The property includes a 3-car garage, driveway parking, on-street parking, and a fenced yard on a 0.138-acre lot. Separate utilities serve the units, while a shared water heater supports the building. Aluminum siding, brick construction materials, a shingle roof, and forced-air natural gas heating complete the existing improvements.
The property includes a 3-car garage, driveway parking, on-street parking, and a fenced yard on a 0.138-acre lot. Separate utilities serve the units, while a shared water heater supports the building. Aluminum siding, brick construction materials, a shingle roof, and forced-air natural gas heating complete the existing improvements.
Key Highlights
- Two‑unit property with 1‑bedroom and 2‑bedroom layouts
- 1,710 Square Feet building on a 0.138‑acre lot
- Separate utilities and individual washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,705
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,100
$254.1K
Cap Rate 7%
$181,500
$181.5K
Cap Rate 9%
$141,167
$141.2K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$24.4K $14.28/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$23.1K $13.51/SF
− OpEx
−$10.4K −$6.08/SF
NOI
$12.7K $7.43/SF
Area
ZIP 45215
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,100
Cap Rate 7%
$181,500
Cap Rate 9%
$141,167
Alternative Uses
Best Use
Multifamily LT 5
$204.7K
$179.1K – $238.8K
NOI $14,328 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$181.5K
$158.8K – $211.8K
NOI $12,705 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$369.9K
$323.7K – $431.6K
NOI $25,893 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
Explore this area
Business Placement
Demographics for 45215, OH
30,993
Population
13,735
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
2,583
Density / Sq Mi
$71,949
Median Household Income
$45,976
Median Earnings
$954
Median Rent
$200,100
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 - Separate utilities and laundry hookups serve both residential units.
Where is this duplex located?
The property is located at 645 Blanche Ave. Cincinnati, OH.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑unit property with 1‑bedroom and 2‑bedroom layouts; 1,710 Square Feet building on a 0.138‑acre lot; Separate utilities and individual washer and dryer hookups
