Central Park Condo with
7865 Ramble View #102 Springfield, Cincinnati, OH 45231
For Sale
$196,000
Updated 2BR/2BA condo with modern amenities in Central Park.
Property Size1,129 SF
Price / SF$173.60
Days on Market516
Property Features for 7865 Ramble View #102 Springfield
General Information
Standard status
Size
Property subtype
Amenities
Electric
Central Air
Dishwasher
Microwave
Oven/Range
Refrigerator
Patio, Shingle
Building Details
Building Size
Year Built
Listing Agency:
Team Results Realty
Listed By:
Scott Marvin · License OH #2018003245
(614) 382-2124
Source:
Kw
Added: Jun 12, 2025
Changed: Nov 2
Last Checked: Nov 8 at 8:46AM
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 Team Results Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 2-bedroom, 2-full-bathroom condo located in Central Park. The updated kitchen features new stainless steel appliances. The unit offers an open space suitable for a dining room and living room. Both bathrooms have been updated. New ceiling fans have been installed, along with new luxury vinyl plank flooring throughout the condo. The lighting has been redesigned to include ceiling recessed lights. Residents have access to a clubhouse with an exercise area and a fenced-in pool. The property is located minutes away from Cross County Highway and I-75. The property size is 1129 square feet.
Key Highlights
- Updated kitchen featuring new stainless steel appliances.
- Access to a clubhouse with exercise area and fenced‑in pool.
- Updated bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,958
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,160
$239.2K
Cap Rate 7%
$170,829
$170.8K
Cap Rate 9%
$132,867
$132.9K
Market Conditions
NOI Build-Up for 1,129 SF
Gross rent
$23.0K $20.40/SF
− Vacancy
−$1.3K −$1.14/SF
EGI
$21.7K $19.26/SF
− OpEx
−$9.8K −$8.67/SF
NOI
$12.0K $10.59/SF
Area
ZIP 45231
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,160
Cap Rate 7%
$170,829
Cap Rate 9%
$132,867
Alternative Uses
Best Use
Apartment 5plus
$170.8K
$149.5K – $199.3K
NOI $11,958 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$224.4K
$196.4K – $261.8K
NOI $15,710 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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Business Placement
Demographics for 45231, OH
41,934
Population
17,845
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
2,833
Density / Sq Mi
$69,140
Median Household Income
$43,400
Median Earnings
$1,118
Median Rent
$164,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated 2BR/2BA condo with modern amenities in Central Park.
Where is this apartment building located?
The property is located at 7865 Ramble View #102 Springfield Cincinnati, OH.
What is the asking price?
The asking price for this property is $196,000.
What are key features of this property?
This property features: Updated kitchen featuring new stainless steel appliances.; Access to a clubhouse with exercise area and fenced‑in pool.; Updated bathrooms.
