Four-Unit Apartment
For Sale
$600,000
9808 Cincinnati Columbus Rd, West Chester, OH 45069
A shared garage serves two two-bedroom apartments and two efficiency units in West Chester Township’s Lakota school district.
Property Size3,360 SF
Price / SF$178.57
Days on Market22
Property Features for 9808 Cincinnati Columbus Rd
General Information
Standard status
Active
Size
3,360 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR, 2 x efficiency
Multifamily Units
4
Additional Details
Highway Access
Yes
Listing Agency:
Keller Williams Seven Hills
(513) 371-5070
Listed By:
Merry Briotta
(513) 646-6533
Source:
Exprealty
Added: Oct 14
Changed: Nov 3
Last Checked: Nov 3 at 2:58PM
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 Keller Williams Seven Hills
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Investment Insights
Based on property information with market context.
This four-unit residential property contains two two-bedroom apartments alongside two efficiency units, totaling 3,360 square feet. A shared two-car garage is part of the property. The layout also offers the option to occupy one apartment while renting the remaining units.
The property is in West Chester Township’s Lakota school district, approximately 2 miles from I-275 for regional access.
The property is in West Chester Township’s Lakota school district, approximately 2 miles from I-275 for regional access.
Key Highlights
- Four units: two 2‑bedroom apartments and two efficiency units
- 3,360 square feet of residential space
- Shared 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,768
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,360
$655.4K
Cap Rate 7%
$468,114
$468.1K
Cap Rate 9%
$364,089
$364.1K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$50.4K $15.00/SF
− Vacancy
−$3.6K −$1.07/SF
EGI
$46.8K $13.93/SF
− OpEx
−$14.0K −$4.18/SF
NOI
$32.8K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,360
Cap Rate 7%
$468,114
Cap Rate 9%
$364,089
Alternative Uses
Best Use
Multifamily LT 5
$468.1K
$409.6K – $546.1K
NOI $32,768 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$430.8K
$376.9K – $502.6K
NOI $30,154 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$664.3K
$581.3K – $775.1K
NOI $46,504 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 45069, OH
53,694
Population
21,727
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
95%
High-School Grad
29.0 sq mi
ZIP Area
1,852
Density / Sq Mi
$115,539
Median Household Income
$61,747
Median Earnings
$1,585
Median Rent
$314,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - A shared garage serves two two-bedroom apartments and two efficiency units in West Chester Township’s Lakota school district.
Where is this quadplex located?
The property is located at 9808 Cincinnati Columbus Rd West Chester, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four units: two 2‑bedroom apartments and two efficiency units; 3,360 square feet of residential space; Shared 2‑car garage
