Brick Four-Unit
735 Elberon Avenue, Cincinnati, OH 45205
For Sale
$245,000
Residential Income, Cincinnati, OH
Property Size1,960 SF
Lot Size0.14 Acres
Price / SF$125
Days on Market49
Property Features for 735 Elberon Avenue
General Information
Property type
Property subtype
Parking features
Window features
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Marco Fiore
(866) 212-4991
Added: Sep 23
Changed: Nov 3
Last Checked: Nov 10 at 11:06PM
MLS# 1893320
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property offers 1,960 square feet within a durable brick building constructed in 1939. Recent work includes a brand-new membrane roof, a new furnace, light unit renovations, and newer appliances. One unit is currently vacant, while the property has four total units. Heating is provided by a natural gas forced-air system, and ownership includes water, heat, and common-area electric expenses.
The 0.143-acre property includes driveway, off-street, and on-street parking options. Its Cincinnati location is identified by the 45205 postal code, with the property situated on Elberon Avenue.
The 0.143-acre property includes driveway, off-street, and on-street parking options. Its Cincinnati location is identified by the 45205 postal code, with the property situated on Elberon Avenue.
Key Highlights
- Four‑unit multifamily property with 1,960 square feet
- 1939 brick construction
- Brand‑new membrane roof and new furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,422
Cap Rate
6.70%
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 6.70%
Second Best
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,563 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$389.6K
$340.9K – $454.6K
NOI $27,273 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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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
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Market
Properties on Market for Quadplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated multifamily property with natural gas forced-air heating and off-street parking.
Where is this quadplex located?
The property is located at 735 Elberon Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 1,960 square feet; 1939 brick construction; Brand‑new membrane roof and new furnace
