4-Unit Brick
New
For Sale
$249,900
735 Elberon Ave, Cincinnati, OH 45205
Owner-paid water, heat, and common-area electricity are part of the building’s operating setup.
Property Size1,960 SF
Price / SF$127.50
Days on Market7
Property Features for 735 Elberon Ave
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Building Details
Year Built
1939
Listing Agency:
eXp Realty
Listed By:
Marco Fiore
(866) 212-4991
Source:
Lovdalgroup
Added: Sep 30
Last Checked: Oct 5 at 7:54PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 1939, this 1,960-square-foot quadplex has brick construction and four units. Recent work includes a new roof and furnace, along with light unit renovations and newer appliances. One unit is currently vacant.
The owner covers water, heat, and electricity for the common areas.
The owner covers water, heat, and electricity for the common areas.
Key Highlights
- Four‑unit brick property with 1,960 square feet
- Built in 1939
- New roof and furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,422
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,440
$328.4K
Cap Rate 7%
$234,600
$234.6K
Cap Rate 9%
$182,467
$182.5K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$24.9K $12.72/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.5K $11.97/SF
− OpEx
−$7.0K −$3.59/SF
NOI
$16.4K $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%
$328,440
Cap Rate 7%
$234,600
Cap Rate 9%
$182,467
Alternative Uses
Best Use
Multifamily LT 5
$234.6K
$205.3K – $273.7K
NOI $16,422 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$389.6K
$340.9K – $454.6K
NOI $27,273 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 45205, OH
19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Owner-paid water, heat, and common-area electricity are part of the building’s operating setup.
Where is this quadplex located?
The property is located at 735 Elberon Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four‑unit brick property with 1,960 square feet; Built in 1939; New roof and furnace
