NOT LISTED FOR SALE

Estimated Value: $273,171

4 Beds
2 Baths
1,520 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: October 2, 2024

Last sale price $143,333 $94 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,605 / mo

10 Days on Market

About This Home

As of October 2024

Turnkey 6-Unit Duplex Portfolio | 8.03% Cap | $66K NOI | Low Taxes Fully stabilized, income-producing portfolio consisting of three side-by-side duplexes in Hamilton, OH. This offer delivers an 8.03% cap rate with $66,237 NOI and $88,800 in gross annual rents ($7,400/month). Properties feature extremely low operating expenses, including $3,973/year total real estate taxes, creating strong and predictable cash flow. Tenants pay gas and electric, further reducing owner expenses, with landlord responsible for water/sewer only. Built in 1997, the assets offer newer construction relative to the area with minimal maintenance requirements. All units are 2b/1ba and is 100% occupied, providing immediate in-place income from day one. Ideal for investors seeking a low-maintenance, high-yield addition to their portfolio with strong fundamentals and operational simplicity. All three duplexes are being sold together only. See parcels P6451-046-000-048 & P6451-046-000-050 for other buildings.

Last Agent to Sell the Property

Dylan Koch

Plum Tree Realty License #2022000704 Listed on: 07/31/2024

Plum Tree Realty

Last Buyer's Agent

Non Member

NonMember Firm

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,245

Year Built

  • Built in 1997

Lot Details

  • 3,777 Sq Ft Lot

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,520 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • City Views

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,245

Year Built

Built in 1997

Lot Details

3,777 Sq Ft Lot

Parking

2

Listing Details

  • Suburb: Hamilton East
  • Broker Approved: Yes
  • Census Tract Realist: 5.00
  • Cooling: Window Unit
  • Heating: Gas, Forced Air
  • Lot Area Realist: 3777.00
  • Suburb S I C: Hamilton East
  • Price Per Acre: 1653206.46
  • Year Built: 1997
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 2
  • Property Subtype 1: Multi Fam 2-4 units
  • StructureType: Duplex
  • Occupancy: Tenant Right
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Heat Paid: Tenant
  • Reciprocal Listing: No
  • Semi Annual Taxes: 622.65
  • Water Paid: Owner
  • Basement: None
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Bldg Sq Ft (Realist): 1520.00
  • Windows: Vinyl
  • Two Bedroom Rent: 800.00
  • Two Bedroom Units: 2

Exterior Features

  • View: City
  • Roof: Shingle
  • Construction: Vinyl Siding
  • Foundation: Poured
  • Listing Price: 215000.00
  • Acres: 0.0867
  • New Construction: No

Garage/Parking

  • Garage: None
  • Garage Spaces: 2.00
  • Parking Spaces: 2
  • Parking: Concrete, Off Street

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Cincinnati Area Multiple Listing Service

Schools

  • District: Hamilton City SD

Lot Info

  • Lot Size Sq Ft: 3777.00

Multi Family

  • Total Buildings: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2024
Closed on
Oct 2, 2024
Sold by
Bought by
Seller's Agent
Dylan Koch
Plum Tree Realty
Buyer's Agent
Non Member
NonMember Firm
List Price
$215,000
Sold Price
$143,333
Premium/Discount to List
-$71,667
-33.33%
Views
6
Current Estimated Value
$273,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,838
Avg. Annual Appreciation
41.98%
Original Mortgage
$127,250
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
9.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$290,000 None Listed On Document
$63,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $525,000
Closed $127,250
Closed $162,750
Previous Owner $260,000
Previous Owner $50,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2026 04/29/26 Price Changed $275,000 -6.8% $181 / Sq Ft
04/16/2026 04/16/26 For Sale $295,000 +105.8% $194 / Sq Ft
10/02/2024 10/02/24 Sold $143,333 -33.3% $94 / Sq Ft
08/10/2024 08/10/24 Pending -- -- --
07/31/2024 07/31/24 For Sale $215,000 -- $141 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,260 $28,880 $2,640 $26,240
2024 $1,251 $28,880 $2,640 $26,240
2023 $1,245 $28,880 $2,640 $26,240
2022 $989 $19,260 $2,640 $16,620
2021 $863 $18,560 $2,640 $15,920
2020 $899 $18,560 $2,640 $15,920
2019 $1,852 $25,290 $2,900 $22,390
2018 $1,209 $25,290 $2,900 $22,390
2017 $1,219 $25,290 $2,900 $22,390
2016 $1,171 $23,140 $2,900 $20,240
2015 $1,164 $23,140 $2,900 $20,240
2014 $928 $23,140 $2,900 $20,240
2013 $928 $19,630 $3,480 $16,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1813185

MLS of Greater Cincinnati (CincyMLS)

APN: P6451-046-000-049

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