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1988 Lexington Avenue, Norwood, OH 45212

Norwood
Local realty services provided by:CENTURY 21 Premiere Properties
1988 Lexington Avenue,Norwood, OH 45212
$499,000
  • - Beds
  • - Baths
  • 2,562 sq. ft.
  • Multi-family
  • Active
Listed by: walter gibler
Office: coldwell banker realty513-321-9944
MLS#:1890243
Source:OH_CINCY

Price summary

  • Price:$499,000
  • Price per sq. ft.:$194.77

About this home

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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Home facts

  • Year built:1912
  • Listing ID #:1890243
  • Added:19 day(s) ago
  • Updated:September 01, 2026 at 02:18 PM

Rooms and interior

  • Basement Description:Full
  • Living area:2,562 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1912
  • Building area:2,562 sq. ft.
  • Lot area:0.17 Acres
  • Construction Materials:Brick
  • Exterior Features:Porch
  • Foundation Description:Block
  • Levels:3 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$499,000
  • Price per sq. ft.:$194.77

Parking

  • Total parking spaces:4
  • Parking description:Driveway, Off Street, Onstreet
MLS LogoInformation deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than CENTURY 21 Premiere Properties are marked with the Broker Reciprocity&#8482 logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. 2026, MLS of Greater Cincinnati, Inc. All rights reserved.

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