Quadplex with Four-Car
For Sale
$349,900
7119 Eastlawn Dr, Cincinnati, OH 45237
Four one-bedroom apartments include on-site laundry, recent building updates, and a vacant unit for occupancy or leasing.
Property Size2,536 SF
Days on Market50
Property Features for 7119 Eastlawn Dr
General Information
Standard status
Active
Size
2,536 SF
Total Parking Spaces
4
Property subtype
Multifamily
Occupancy
75%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
on-site coin-operated laundry
Building Details
Building Size
2,536 SF
Year Built
1946
Buildings
1
Listing Agency:
3CRE Columbus
Listed By:
Tryfon Christoforou · License #SAL.2014001869
(513) 490-6881
Source:
3cre
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 12 at 5:28PM
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 3CRE Columbus
Investment Insights
Based on property information with market context.
Built in 1946, this 9,060-square-foot quadplex contains four one-bedroom, one-bathroom apartments. Three units are rented, while the fourth is available for a new owner to occupy, lease, or renovate. The property includes a four-car garage and coin-operated laundry on site. Two apartments have been renovated, and building improvements include updated plumbing and a newer front deck.
The roof was replaced in 2025. Located at 7119 Eastlawn Drive in Cincinnati, Ohio, the property is identified with the Roselawn area and offers a four-unit configuration with a combination of occupied and available apartments.
The roof was replaced in 2025. Located at 7119 Eastlawn Drive in Cincinnati, Ohio, the property is identified with the Roselawn area and offers a four-unit configuration with a combination of occupied and available apartments.
Key Highlights
- Four 1‑bedroom, 1‑bathroom apartments in a quadplex
- Three of four units are currently rented
- 4‑car garage and on‑site coin‑operated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,248
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,960
$425.0K
Cap Rate 7%
$303,543
$303.5K
Cap Rate 9%
$236,089
$236.1K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$32.3K $12.72/SF
− Vacancy
−$1.9K −$0.75/SF
EGI
$30.4K $11.97/SF
− OpEx
−$9.1K −$3.59/SF
NOI
$21.2K $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%
$424,960
Cap Rate 7%
$303,543
Cap Rate 9%
$236,089
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,248 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$269.2K
$235.5K – $314.0K
NOI $18,842 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$504.1K
$441.1K – $588.1K
NOI $35,288 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 45237, OH
21,029
Population
10,976
Households
1.9
Avg Household Size
41
Median Age
29%
College-Educated
88%
High-School Grad
6.1 sq mi
ZIP Area
3,447
Density / Sq Mi
$43,598
Median Household Income
$34,276
Median Earnings
$863
Median Rent
$158,700
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?
Quadplex - Four one-bedroom apartments include on-site laundry, recent building updates, and a vacant unit for occupancy or leasing.
Where is this quadplex located?
The property is located at 7119 Eastlawn Dr Cincinnati, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom apartments in a quadplex; Three of four units are currently rented; 4‑car garage and on‑site coin‑operated laundry
