Duplex with Detached
959 Nassau Street, Cincinnati, OH 45206
For Sale
$424,999
Two separately serviced residences each have private entrances and dedicated laundry rooms.
Property Size2,797 SF
Price / SF$151.95
Days on Market56
Property Features for 959 Nassau Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
laundry room
deck
front porch
Deck
Porch
Balcony
Building Details
Building Size
Year Built
Units
Listing Agency:
Comey & Shepherd
(513) 489-2100
Listed By:
Kate Freel
(859) 351-1111
Source:
Galbraithrealtors
Added: Sep 15
Changed: Nov 7
Last Checked: Nov 9 at 1:26PM
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 Comey & Shepherd
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Investment Insights
Based on property information with market context.
This 2,797-square-foot duplex, built in 1920, contains a two-bedroom, two-bath residence on the main level and a one-bedroom, one-and-a-half-bath unit on the second and third floors. The upper residence has been renovated, with HVAC installed two years ago; the main-level unit has received some upgrades. Each residence has separate HVAC and water-heating equipment, its own laundry room, and front and rear entrances. The home also has a roof that is two years old.
Outdoor features include a front porch and a two-tier deck. A detached two-car garage and driveway are located at the rear of the property. The zoning is Multi Family.
Outdoor features include a front porch and a two-tier deck. A detached two-car garage and driveway are located at the rear of the property. The zoning is Multi Family.
Key Highlights
- 2,797‑square‑foot duplex built in 1920
- Main‑level residence has 2 bedrooms and 2 full baths
- Upper residence has 1 bedroom and 1.5 baths; renovated with HVAC installed two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,435
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,700
$468.7K
Cap Rate 7%
$334,786
$334.8K
Cap Rate 9%
$260,389
$260.4K
Market Conditions
NOI Build-Up for 2,797 SF
Gross rent
$35.6K $12.72/SF
− Vacancy
−$2.1K −$0.75/SF
EGI
$33.5K $11.97/SF
− OpEx
−$10.0K −$3.59/SF
NOI
$23.4K $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%
$468,700
Cap Rate 7%
$334,786
Cap Rate 9%
$260,389
Alternative Uses
Best Use
Multifamily LT 5
$334.8K
$292.9K – $390.6K
NOI $23,435 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,781 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$556.0K
$486.5K – $648.7K
NOI $38,920 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
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Business Placement
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
Median Home Value
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Market
Average Price Trend$/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 - Two separately serviced residences each have private entrances and dedicated laundry rooms.
Where is this duplex located?
The property is located at 959 Nassau Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: 2,797‑square‑foot duplex built in 1920; Main‑level residence has 2 bedrooms and 2 full baths; Upper residence has 1 bedroom and 1.5 baths; renovated with HVAC installed two years ago
