Updated Two-Unit
813 Elberon Avenue, Cincinnati, OH 45205
For Sale
New
$449,900
Residential Income, Cincinnati, OH
Property Size2,968 SF
Lot Size0.26 Acres
Price / SF$151.58
Days on Market2
Property Features for 813 Elberon Avenue
General Information
Property type
Property subtype
Parking features
Window features
Patio and Porch features
Exterior 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:
Gordon Green
(866) 212-4991
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 1899837
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 2,968-square-foot brick duplex contains two leased residences, each with four bedrooms and two full bathrooms. The units have independent central air and furnace heat, along with washer and dryer hookups. Updates include the roof, HVAC systems, water heaters, windows, LVP flooring, kitchen cabinets, appliances, bathrooms, driveway, and garage doors.
Built in 1927, the property sits on a 0.257-acre lot and includes a deck, porch, garage, and driveway parking.
Built in 1927, the property sits on a 0.257-acre lot and includes a deck, porch, garage, and driveway parking.
Key Highlights
- Two leased units, each with 4 bedrooms and 2 full bathrooms
- 2,968 square feet on a 0.257‑acre lot
- Separate central air and furnace heat in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,868
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,360
$497.4K
Cap Rate 7%
$355,257
$355.3K
Cap Rate 9%
$276,311
$276.3K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$37.8K $12.72/SF
− Vacancy
−$2.2K −$0.75/SF
EGI
$35.5K $11.97/SF
− OpEx
−$10.7K −$3.59/SF
NOI
$24.9K $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%
$497,360
Cap Rate 7%
$355,257
Cap Rate 9%
$276,311
Alternative Uses
Best Use
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,868 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$315.0K
$275.7K – $367.5K
NOI $22,052 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$590.0K
$516.3K – $688.3K
NOI $41,300 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
519
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
$112,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Cincinnati, OH
Properties on Market for Duplexes in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating and cooling systems and laundry hookups serve each residence.
Where is this duplex located?
The property is located at 813 Elberon Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two leased units, each with 4 bedrooms and 2 full bathrooms; 2,968 square feet on a 0.257‑acre lot; Separate central air and furnace heat in each unit
