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Duplex with Third-Floor Potential
For Sale
$58,000

693 Gholson Ave, Cincinnati, OH 45229

Two existing units offer a substantial residential layout with an unfinished path toward a third unit.

Property Size3,867 SF
Price / SF$14
Days on Market93

Property Features for 693 Gholson Ave

General Information

Standard status Active
Size 3,867 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence significant fire damage

Units

Unit Mix 3BR/1BA, 5-6BR/2BA
Multifamily Units 2

Building Details

Year Built 1870
Listing Agency: Keller Williams Advisors
Listed By: Carol Dominguez
Source: Finn-team
Added: Jul 20 Changed: Oct 2 Last Checked: Oct 7 at 2:10PM

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 Keller Williams Advisors

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Investment Insights

Based on property information with market context.

This 3,867-square-foot duplex, built in 1870, contains two residential units. The first-floor residence has 3 bedrooms and 1 bathroom. A separate two-story unit includes 5-6 bedrooms and 2 bathrooms, creating a larger configuration within the building.

The third floor could be converted into a 2-bedroom, 1-bathroom unit with the addition of a kitchen. The property sustained significant fire damage in part of the building and requires updates to meet City code standards. It is offered as-is and requires a cash purchase.

The property is located near the University of Cincinnati, Cincinnati Zoo, and downtown Cincinnati.

Key Highlights

  • 3,867‑square‑foot duplex built in 1870
  • Two existing residential units
  • First‑floor unit with 3 bedrooms and 1 bathroom

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,263
Businesses Nearby

Demographics for 45229, OH

12,540
Population
7,813
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
2.7 sq mi
ZIP Area
4,644
Density / Sq Mi
$30,829
Median Household Income
$25,772
Median Earnings
$831
Median Rent
$316,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two existing units offer a substantial residential layout with an unfinished path toward a third unit.
Where is this duplex located?
The property is located at 693 Gholson Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $58,000.
What are key features of this property?
This property features: 3,867‑square‑foot duplex built in 1870; Two existing residential units; First‑floor unit with 3 bedrooms and 1 bathroom
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