407 Elm St Cincinnati, OH 45238
Central Delhi Neighborhood
--
Bed
--
Bath
2,389
Sq Ft
7,275
Sq Ft Lot
About This Home
As of September 2024Unlock the potential of this well-maintained duplex in the vibrant city of Delhi! Generating a robust gross income of $33,600 annually, this property is an excellent investment for savvy buyers looking to expand their portfolio. The duplex features two spacious units, perfect for a range of tenants. The first unit boasts 3 bedrooms, while the second unit offers 4 bedrooms, providing ample space and comfort for families of all sizes. Benefit from significant recent upgrades that reduce maintenance worries. The roof was replaced just 1 year ago, and both the furnace and water heater are only 5 years old, ensuring reliability and efficiency. Situated in the city of Delhi. Whether you're a seasoned investor or new to rental properties, this duplex offers a solid income stream with modern updates that make it a turn-key investment. Don't miss out on this opportunity to enhance your real estate portfolio!
Last Agent to Sell the Property
Adam Marit
Real Link License #2012001790 Listed on: 08/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,831
Year Built
- Built in 1920
Lot Details
- 7,275 Sq Ft Lot
Home Design
- Duplex
- Stone Foundation
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,389 Sq Ft Home
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
Parking
- 4 Open Parking Spaces
- Private Parking
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Community Details
- Insurance Expense $2,400
- Gross Income $33,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2024
Closed on
Sep 16, 2024
Sold by
Zheng Zhiwei
Bought by
Buy The Best Franchise Inc
Seller's Agent
Adam Marit
Real Link
Buyer's Agent
Non Member
NonMember Firm
List Price
$249,900
Sold Price
$195,000
Premium/Discount to List
-$54,900
-21.97%
Views
21
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.37%
Original Mortgage
$146,250
Outstanding Balance
$142,566
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$108,818
Purchase Details
Closed on
Mar 20, 2024
Sold by
Jjs Holding Llc
Bought by
Zheng Zhiwei
Purchase Details
Closed on
Jan 16, 2024
Sold by
Wagner Robert C and Wagner Constance M
Bought by
Kaanapali Renovations Llc
Purchase Details
Closed on
Jan 11, 2024
Sold by
Kaanapali Renovations Llc
Bought by
Jjs Holding Llc
Purchase Details
Closed on
May 20, 1998
Sold by
Hines G Robert and Wagner Elaine R
Bought by
Wagner Robert C and Wagner Constance M
Purchase Details
Closed on
May 18, 1998
Sold by
Wagner Robert C
Bought by
Wagner Robert C and Wagner Constance M
Similar Homes in Cincinnati, OH
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $195,000 | None Listed On Document | |
| Warranty Deed | $175,000 | Rapid Title | |
| Warranty Deed | $120,000 | None Listed On Document | |
| Warranty Deed | $137,000 | None Listed On Document | |
| Executors Deed | $40,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $146,250 | New Conventional | |
| Previous Owner | $50,150 | Stand Alone Second | |
| Closed | $0 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | For Sale | $289,900 | 0.0% | $121 / Sq Ft |
| 05/30/2025 05/30/25 | Pending | -- | -- | -- |
| 05/23/2025 05/23/25 | Price Changed | $289,900 | -3.3% | $121 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $299,900 | +53.8% | $126 / Sq Ft |
| 09/16/2024 09/16/24 | Sold | $195,000 | -22.0% | $82 / Sq Ft |
| 08/23/2024 08/23/24 | Pending | -- | -- | -- |
| 08/08/2024 08/08/24 | For Sale | $249,900 | -- | $105 / Sq Ft |
Source: MLS of Greater Cincinnati (CincyMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $3,905 | $63,886 | $8,859 | $55,027 |
| 2023 | $3,846 | $63,886 | $8,859 | $55,027 |
| 2022 | $2,052 | $30,241 | $7,921 | $22,320 |
| 2021 | $2,049 | $30,241 | $7,921 | $22,320 |
| 2020 | $2,029 | $30,241 | $7,921 | $22,320 |
| 2019 | $1,955 | $26,069 | $6,829 | $19,240 |
| 2018 | $1,955 | $26,069 | $6,829 | $19,240 |
| 2017 | $1,793 | $26,069 | $6,829 | $19,240 |
| 2016 | $2,255 | $32,551 | $7,151 | $25,400 |
| 2015 | $2,227 | $32,551 | $7,151 | $25,400 |
| 2014 | $2,227 | $32,551 | $7,151 | $25,400 |
| 2013 | $2,209 | $34,266 | $7,529 | $26,737 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Dekker
Seller's Agent in 2025
Christian Dekker
RE/MAX
(513) 254-2224
26 Total Sales
-
Lee Sokolis
Seller Co-Listing Agent in 2025
Lee Sokolis
RE/MAX
(513) 814-7150
2 in this area
81 Total Sales
-
D
Buyer's Agent in 2025
Default zSystem
zSystem Default
-
A
Seller's Agent in 2024
Adam Marit
Real Link
-
Non Member
N
Buyer's Agent in 2024
Non Member
NonMember Firm
10 in this area
6,414 Total Sales
Map
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1814327
APN: 540-0041-0311
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