$550,000

1988 Lexington Avenue, Norwood, OH 45212

2,562 sqft

Multi-Family Home
Built in 1912
7,492sqft lot
—— car garage
$215/sqft
Listed 25 days ago

Property Description

Turnkey Cash-Flowing Duplex bringing in over $4,625 per month! Incredible opportunity to own a fully renovated, income-producing property generating $55,500 annually in gross rental income. Both units are fully leased through May 2027, providing immediate cash flow and long-term stability, while tenants pay all utilities, maximizing investor returns. Completely transformed in 2020/2021, this property was gutted down to the studs and extensively renovated, offering peace of mind and minimizing future maintenance concerns. The spacious Unit 1 features 3 bedrooms and 1 full bathroom, while Unit 2 spans the second and third floors and offers 4 bedrooms and 2 full bathrooms, creating strong rental demand and excellent income potential. Four parking spots in the backyard! Whether you're expanding your portfolio or looking for a turnkey investment with stable tenants already in place, this property checks all the boxes!

Listing Status:: Active
Date Added:: June 12, 2026
Data Last Updated:: July 4, 2026 at 11:30PM
Listing Office:: Coldwell Banker Realty : 513-321-9944
Listing Agent:: Walter Gibler : 513 3824109
MLS ID:: 1881211

Basement: Full
Fireplace: None

General: Porch
Parking: Off StreetOnstreetDriveway

Roofing: Shingle
Windows: Wood
General: BrickBlock

Originating MLS: Cincinnati Multiple Listing Service
School District: Norwood City SD
County: Hamilton

Zoning: 651-0057-0030-00

Water: Public

Source: Cincinnati Multiple Listing Service

This listing courtesy of Walter Gibler , Coldwell Banker Realty

Monthly Payment

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Principal & Interest $
Property Taxes $
Home Insurance $
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