1988 Lexington Avenue Norwood, OH $ 550,000
1988 Lexington Avenue
$ 550,000
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1988 Lexington Avenue

Norwood, OH, 45212
$ 550,000
Bedrooms7 Baths3.0 Sq 2,562

Monthly Estimate*

$ 3,386

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Multi-Family Home for sale in Norwood, OH

for $550,000 with 7 bedrooms and 3 full baths. This 2,562 square foot home was built in 1912 on a lot size of 0.172.

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!

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Multi-Family Active

Price

$ 550,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.172

Year Built

1912

Town/City

Norwood

County/Region

Hamilton

MLS | Web ID

1881211

Features
General
Sewer Public Sewer
Heating Gas
Cooling Central Air
Roof Shingle
Garage None
Unit 4 Rent 0.0
Unit 2 Rent 0.0
Unit 3 Rent 0.0
Unit 1 Rent 0.0
Garage Spaces 0.0
Construction Materials Brick
Year Built 1912
Levels Three
Property Subtype Multi Fam 2-4 units
County Hamilton
Net Operating Income 0.0
Property Type Residential Income
Close Price 0.0
Status Active
Directions Montgomery Rd. South to Left on Lexington
City Norwood
High School District Norwood City SD
Open Parking Spaces 4
Number Of Units Total 2
MLS Area Hamilton-E02
Lot Size Units Acres
Lot Size Square Feet 7492.0
Structure Type Duplex
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Interior
Basement Full
Fireplace Features None
Unit 1 Full Baths 1
Unit 2 Full Baths 2
Unit 3 Full Baths 0
Unit1Bedrooms 3
Unit3Bedrooms 0
Window Features Wood
Bedrooms Possible 0
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Exterior
Exterior Amenities Porch
Parking Features Off Street Onstreet Driveway
Water Source Public
Foundation Details Block
Lot Size Acres 0.172
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Internal Only
Street Number 1 1988
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* Excluded Features
List By
Coldwell Banker Realty

Broker

walt@thegiblerteam.com

Email

Affordability Calculator

$3,386
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4319690 Elementary School
4319627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/12/2026$550,000 Listed Price

Map


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1988 Lexington Avenue, Norwood, OH, 45212 is a Multi-Family Home for sale at $550,000 with 2,562 sqft and a lot size of 0.172. 1988 Lexington Avenue has 7 bedrooms, 3.0 baths, and was built in 1912. The property's zip code is 45212 which is in Norwood, OH