Updated Two-Unit
For Sale
$285,000
Pending
6820 Alvina Ave, Cincinnati, OH 45212
Vacant duplex with separate laundry hookups, basement storage, a large backyard, and street parking.
Property Size1,656 SF
Days on Market75
Property Features for 6820 Alvina Ave
General Information
Standard status
Pending
Size
1,656 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR+den/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
laundry hookups
basement storage
large backyard
street parking
Building Details
Buildings
1
Listing Agency:
Sibcy Cline, Inc.
(513) 321-9922
Listed By:
Hannah K Downs
(513) 324-1162
Source:
Exprealty
Added: Aug 7
Changed: Oct 2
Last Checked: Oct 19 at 10:45AM
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 Sibcy Cline, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 6820 Alvina Ave in Cincinnati, this vacant 1,656-square-foot duplex includes two separately configured units with established rental histories. The property can accommodate an owner-occupant arrangement with one residence available for rental, subject to the buyer’s plans.
The first unit contains 1 bedroom, 1 bathroom, an updated kitchen with a gas range, tall ceilings, a dedicated dining room, and a decorative fireplace. The second offers 2 bedrooms, a den, 1 bathroom, a spacious floor plan, and preserved character details. Each unit has its own laundry hookups, while basement storage provides additional utility.
Property updates include a 2024 roof, newer windows, newer HVAC systems serving each unit, and newer water heaters. The duplex also includes a large backyard and ample street parking. Kenwood Towne Centre, major highways, restaurants, breweries, and shopping are located minutes away.
The first unit contains 1 bedroom, 1 bathroom, an updated kitchen with a gas range, tall ceilings, a dedicated dining room, and a decorative fireplace. The second offers 2 bedrooms, a den, 1 bathroom, a spacious floor plan, and preserved character details. Each unit has its own laundry hookups, while basement storage provides additional utility.
Property updates include a 2024 roof, newer windows, newer HVAC systems serving each unit, and newer water heaters. The duplex also includes a large backyard and ample street parking. Kenwood Towne Centre, major highways, restaurants, breweries, and shopping are located minutes away.
Key Highlights
- 1,656‑square‑foot duplex with two separately configured units
- Unit 1: 1 bedroom, 1 bathroom, updated kitchen, gas range, dining room, and decorative fireplace
- Unit 2: 2 bedrooms plus a den, 1 bathroom, spacious layout, and character details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,875
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,500
$277.5K
Cap Rate 7%
$198,214
$198.2K
Cap Rate 9%
$154,167
$154.2K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$21.1K $12.72/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$19.8K $11.97/SF
− OpEx
−$5.9K −$3.59/SF
NOI
$13.9K $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%
$277,500
Cap Rate 7%
$198,214
Cap Rate 9%
$154,167
Alternative Uses
Best Use
Multifamily LT 5
$198.2K
$173.4K – $231.3K
NOI $13,875 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$175.8K
$153.8K – $205.1K
NOI $12,304 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 45212, OH
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with separate laundry hookups, basement storage, a large backyard, and street parking.
Where is this duplex located?
The property is located at 6820 Alvina Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,656‑square‑foot duplex with two separately configured units; Unit 1: 1 bedroom, 1 bathroom, updated kitchen, gas range, dining room, and decorative fireplace; Unit 2: 2 bedrooms plus a den, 1 bathroom, spacious layout, and character details
