Four-Unit Apartment
New
For Sale
$600,000
9808 Columbus Cincinnati Road, West Chester, OH 45241
A mix of two-bedroom apartments and efficiency units is complemented by a shared garage.
Property Size3,360 SF
Price / SF$178.57
Days on Market4
Property Features for 9808 Columbus Cincinnati Road
General Information
Standard status
Active
Size
3,360 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 2 x efficiency
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Listing Agency:
Private Real Estate Collection (513-708-7770)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:22AM
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 Private Real Estate Collection (513-708-7770)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit property contains two two-bedroom apartments and two efficiency units, with a shared two-car garage. The building was constructed in 1960 and contains 3,360 square feet.
Situated in West Chester Township, the property is within the Lakota school district and approximately 2 miles from I-275, providing regional highway access.
Situated in West Chester Township, the property is within the Lakota school district and approximately 2 miles from I-275, providing regional highway access.
Key Highlights
- Four residential units: two 2‑bedroom apartments and two efficiency units
- Shared 2‑car garage
- 3,360 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,702
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,040
$634.0K
Cap Rate 7%
$452,886
$452.9K
Cap Rate 9%
$352,244
$352.2K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$48.0K $14.28/SF
− Vacancy
−$2.7K −$0.80/SF
EGI
$45.3K $13.48/SF
− OpEx
−$13.6K −$4.04/SF
NOI
$31.7K $9.44/SF
Area
Hamilton County, OH
Vacancy
5.61%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,040
Cap Rate 7%
$452,886
Cap Rate 9%
$352,244
Alternative Uses
Best Use
Multifamily LT 5
$452.9K
$396.3K – $528.4K
NOI $31,702 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$414.4K
$362.6K – $483.4K
NOI $29,006 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$602.4K
$527.1K – $702.8K
NOI $42,167 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 45241, OH
24,380
Population
11,131
Households
2.2
Avg Household Size
44
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,393
Density / Sq Mi
$94,943
Median Household Income
$60,857
Median Earnings
$1,137
Median Rent
$292,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - A mix of two-bedroom apartments and efficiency units is complemented by a shared garage.
Where is this quadplex located?
The property is located at 9808 Columbus Cincinnati Road 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 residential units: two 2‑bedroom apartments and two efficiency units; Shared 2‑car garage; 3,360 square feet
