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Duplex with Third-Floor Potential
For Sale
$60,000
Pending

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
Days on Market44

Property Features for 693 Gholson Ave

General Information

Standard status Pending
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: Aug 31 Last Checked: Aug 31 at 6:23PM

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

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

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Auto Parts Store Accounting Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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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 $60,000.
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
More about this property
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