$195,000
SOLD MAY 23, 2025

5108 Silver St Cincinnati, OH 45212

-- Bed
-- Bath
2,448 Sq Ft
3,746 Sq Ft Lot

Recently Sold

$80 Per Sq Ft

2% Below List Price

5 Days on Market

About This Home

As of May 2025

Investment opportunity in the heart of Norwood, Cincinnati. This well-maintained duplex offers a total of 2,448 finished sqft and is fully leased, providing immediate rental income. The first unit is a one-bedroom, one-bath apartment currently leased by a long-term tenant at $1,125 per month through March 31, 2026. The second unit is spacious and spans the second and third floors, featuring two bedrooms and two full bathrooms, leased at $1,270 per month through January 31, 2026. Significant updates include a new roof in 2019, high efficiency furnace installed in 2020, new gutters, soffits, and downspouts replaced in 2025. Hardwood floors in unit 1 add warmth and appeal, while unit 2's layout and size make it highly attractive to tenants. Located in a highly desirable area with strong rental demand and proximity to universities, hospitals, shops, and dining, this duplex is a solid long-term hold for any investor. Photos of empty rooms taken 1 year ago prior to tenant occupancy.

Last Agent to Sell the Property

Shelby Kring

Agora Realty Group License #2021009001 Listed on: 04/17/2025

Last Buyer's Agent

Robert Speckert

eXp Realty License #2019003755

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,718

Year Built

  • Built in 1905

Lot Details

  • 3,746 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,448 Sq Ft Home
  • 3-Story Property
  • Non-Functioning Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,318
  • Maintenance Expense $1,832
  • Water Sewer Expense $3,000
  • Gross Income $28,740
  • Net Operating Income $15,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,718

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Suburb: Norwood
  • Broker Approved: Yes
  • Census Tract Realist: 252.00
  • Cooling: Window Unit
  • Heating: Forced Air, Gas
  • Lot Area Realist: 3746.00
  • Suburb S I C: Norwood
  • Price Per Acre: 2267441.86
  • Year Built: 1905
  • Separate Gas Elect: No
  • Directions: I-75 to SR-562 E toward Norwood. Exit 2 onto US-42. R onto Reading Rd. L onto Tennessee Ave. L onto Silver St.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 2
  • Property Subtype 1: Multi Fam 2-4 units
  • Occupancy: Tenant Right
  • Second Floor Area: 1020
  • ResoPropertyType: ResidentialIncome
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 15172.00
  • Property Type: Residential Income
  • Gasand Electric: 4700.00
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • Semi Annual Taxes: $1359
  • Water Paid: Owner
  • Basement: Full
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: Inoperable
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 2448.00
  • Windows: Vinyl, Insulated
  • One Bedroom Rent: 1125.00
  • One Bedroom Number of Units: 1
  • Two Bedroom Rent: 1270.00
  • Two Bedroom Units: 1

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Block
  • Listing Price: 199900.00
  • Acres: 0.0860
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking: Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Separate Gas/Elec: No
  • Water and Sewer: 3000.00

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 1832.00

Fee Information

  • Taxes: 2718

Schools

  • District: Norwood City SD

Lot Info

  • Lot Size Sq Ft: 3746.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 28740.00
  • Total Buildings: 1
  • Insurance: 1318.00

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2025 05/23/25 Sold $195,000 -2.5% $80 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
04/19/2025 04/19/25 Off Market $199,900 -- --
04/17/2025 04/17/25 For Sale $199,900 -- $82 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,719 $52,668 $7,882 $44,786
2023 $2,767 $52,668 $7,882 $44,786
2022 $1,513 $24,501 $5,968 $18,533
2021 $1,463 $24,501 $5,968 $18,533
2020 $1,467 $24,501 $5,968 $18,533
2019 $1,856 $27,650 $5,236 $22,414
2018 $2,322 $34,598 $5,236 $29,362
2017 $2,223 $34,598 $5,236 $29,362
2016 $555 $8,183 $4,921 $3,262
2015 $486 $8,183 $4,921 $3,262
2014 $1,519 $8,183 $4,921 $3,262
2013 $515 $8,705 $5,236 $3,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1837550

MLS of Greater Cincinnati (CincyMLS)

APN: 651-0008-0088-00