$812,000
SOLD MAR 19, 2025

7300 Shawnee Run Rd Cincinnati, OH 45243

-- Bed
-- Bath
-- Sq Ft
10,846 Sq Ft Lot

Recently Sold

4% Below List Price

1 Day on Market

Highlights

  • View of Trees or Woods
  • Deck
  • Patio
  • Madeira Elementary School Rated A
  • No HOA
  • Central Air

About This Home

As of March 2025

This turnkey fourplex brings in nearly $7,000 per month. One of only a handful of apartments in the desirable city of Madeira, it commands strong rental demand and an excellent tenant base. Units feature granite countertops, hardwood floors, walk-in closets, and updated bathrooms. Recent updates include a new roof (2024), new gutters w/ gutter guards (2024), a new deck and stain w/ lifetime warranty (2024), a new water heater (2023), and all new electrical panels (2023). All units are 2 bed / 1 bath and on MTM leases. Rent roll available upon request, 7.8% cap rate. Owner/agent

Last Agent to Sell the Property

Nick Valin

Comey & Shepherd License #2024005295 Listed on: 02/14/2025

Comey & Shepherd

Last Buyer's Agent

Nicole Holcomb

Real of Ohio License #2020005369

Real of Ohio

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,180

Year Built

  • Built in 1972

Lot Details

  • 10,846 Sq Ft Lot
  • Lot Dimensions are 219x142

Parking

  • 8 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Double Hung Windows
  • Views of Woods
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,648
  • Water Sewer Expense $2,979
  • Gross Income $82,320
  • Net Operating Income $66,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,180

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Suburb: Madeira
  • Broker Approved: Yes
  • Miscellaneous: Individual Laundry
  • Census Tract Realist: 241.00
  • Cooling: Central Air
  • Heating: Gas
  • Lot Area Realist: 10846.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00
  • Suburb S I C: Madeira
  • Annual Assessment Amount: 110,710
  • Price Per Acre: 3261044.18
  • Zoning: Multi Family
  • Year Built: 1972
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Separate Air Cond: Yes
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 4
  • Property Subtype 1: Multi Fam 2-4 units
  • Occupancy: Negotiable
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 66140.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Gasand Electric: 1371.00
  • Heat Paid: Tenant
  • Other Features: Corner Lot
  • Other Tax Parcel I D: 525-0004-0091-00
  • Reciprocal Listing: No
  • Semi Annual Taxes: $5090
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Windows: Double Hung
  • Two Bedroom Rent: 1715.00
  • Two Bedroom Sq Ft: 1022
  • Two Bedroom Units: 4

Exterior Features

  • View: Woods
  • Roof: Shingle
  • Construction: Brick, Vinyl Siding
  • Outside Features: Patio, Deck
  • Foundation: Poured
  • Listing Price: 850000.00
  • Acres: 0.2490
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 8
  • Parking: Lights, Lot

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Separate Gas/Elec: Yes
  • Water and Sewer: 2979.00

Condo/Co-op/Association

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

Fee Information

  • Taxes: 10180

Schools

  • District: Madeira City SD

Lot Info

  • Lot Dimensions: 219x142
  • Lot Size Sq Ft: 10846.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 82320.00
  • Total Buildings: 1
  • Insurance: 1648.00

Range of Values:

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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 Change Sq Ft Price
03/19/2025 03/19/25 Sold $812,000 -4.5% --
02/19/2025 02/19/25 Off Market $850,000 -- --
02/15/2025 02/15/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $850,000 +3.7% --
01/28/2024 01/28/24 Off Market $820,000 -- --
01/28/2024 01/28/24 Off Market $1,300 -- --
10/11/2023 10/11/23 Sold $820,000 -6.3% --
07/26/2023 07/26/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $875,000 0.0% --
03/27/2023 03/27/23 Rented $1,300 0.0% --
03/14/2023 03/14/23 Under Contract -- -- --
03/06/2023 03/06/23 For Rent $1,300 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1830980

MLS of Greater Cincinnati (CincyMLS)