Sold
Last Sold Price
4 beds5 baths2,937 sqft$201/sqft
6123 Madison Road, Cincinnati, OH 45227
Multi FamilyProperty Type
0.30 acresLot Size
1865Year Built
$201/sq ftPrice per sq ft
5 carsParking Spaces

Description

Money Maker in the walkable Madisonville Business District! Character abounds in this beautifully renovated 3-Unit Mixed use Multi. Gorgeous 2 BD/2 BA units & 1 comm unit w/ Full Bath. Res units incl sep suites & in-unit Laundry, New Kitchens w/ granite ctrs/eat-in island, Open Flr Plan. Lg fully fenced yd, Patio, Covered New Orleans style Deck, & Off St parking. 2019 Reno & Tax Abated thru 2029. Cap Rate: 8%. Form based code Zoning. Sep utilities. Great investment!Money Maker in the walkable Madisonville Business District! Character abounds in this beautifully renovated 3-Unit Mixed use Multi. Gorgeous 2 BD/2 BA units & 1 comm unit w/ Full Bath. Res units incl sep suites & in-unit Laundry, New Kitchens w/ granite ctrs/eat-in island, Open Flr Plan. Lg fully fenced yd, Patio, Covered New Orleans style Deck, & Off St parking. 2019 Reno & Tax Abated thru 2029. Cap Rate: 8%. Form based code Zoning. Sep utilities. Great investment!
Listing closed: 05/24/2023 12:00 AM • Source: MLS of Greater Cincinnati, MLS#: 1770911

Recent comparable sales

Median sold price

$550,000

Avg days on market

18

Sale-to-list ratio

96.9%

Cincinnati, OH

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Amenities

  • Balcony
  • Central AC
  • Deck
  • Forced Air
  • Laundry
  • Partial Basement

Location

Sold By Comey & Shepherd

Add your commute

Payment Calculator

$3,260 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,999

Property Taxes

$261

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 6123 Madison Road

Property Details
  • Taxes: $3,135 / year
  • MLS Type: Residential Income / Multi Fam 2-4 units
Building Information
  • Residences: 3
  • Year Built: 1865
  • Lot Size: 0.30 AC / 12,894 SF
Summary
Location and General Information
  • MLS Area Major: Hamilton-E04
  • Area Short Name: E04
  • Cross Street: Whetsel
  • Directions: I-71, S on Redbank Rd, E on Madison Rd, past Whetsel Ave.
  • FIPS Code: 61
  • Census Tract: 55.0
Taxes and HOA
  • Has Association: No
  • Parcel Number: 036-0003-0017-00
  • Semi Annual Taxes: 1567.72
School Information
  • High School District: Cincinnati City SD
  • School Name 1: Call SD 513-363-0000
  • School Type 1: District Phone
Parking
  • Open Parking Spaces: 5.0
  • Parking Features: Lot, Onstreet
Property
Lot Information
  • Lot Area: 12894.0
  • Lot Size Acres: 0.296
  • Lot Size Dimensions: 79.80x157
  • Lot Size Square Feet: 12894.0
  • Lot Size Units: Acres
  • Miscellaneous: Individual Laundry
  • 2nd Floor Area: 1183
Property and Assessments
  • Living Area: 2937.0
  • 3rd Party Approval Required: No
  • Annual Assessmnt Amount: 26.22
  • Has Board Loaded: No
  • Degree Complete: Existing Structure
  • New Construction: No
  • Total Buildings: 1
  • Validated: Yes
  • Year Built: 1865
Building Features
  • Foundation Details: Stone
  • Levels: Two
  • Structure Type: Triplex
  • Has Additional Dwelling Unit: No
  • Construction Materials: Wood Siding, Vinyl Siding
Utilities
  • Gas: Natural
  • Gas and Electric: 374.0
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Patio, Porch, Balcony, Wood Fence, Privacy Fence
  • Other Features: Busline Near, Corp Owned
  • Roof: Shingle
Interior Features
  • Appliance Include: 2 fridge, 2 ov/rng, 2 dshwsh, 2 wsh/dry
  • Basement: Partial
  • Basement Sq Ft: 1183
  • Cooling: Central Air
  • Fireplace Features: Electric
  • Fireplaces: 2
  • Fireplaces Total: 2
  • Heating: Gas, Forced Air
  • Separate Air Conditioner: Yes
  • Separate Air Conditioner: Yes
  • Separate Furnace: Yes
  • Separate Gas Electric: Yes
  • Separate Gas Electric: Yes
  • Window Features: Wood, Double Hung, Vinyl
Multi Family
Multi Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Gross Income: $56,100.00
  • Insurance Expense: $561.00
  • Maintenance Expense: $300.00
  • Net Operating Income: $50,470.00
  • New Taxes Expense: $3,136.00
  • Other Expense: $246.00
  • Water Sewer Expense: $1,013.00
Unit Information
Unit 1
  • Full Baths: 1
  • Rent: $775.00
  • Rooms Total: 3
Unit 2
  • Beds Total: 2
  • Full Baths: 2
  • Rent: $2,400.00
  • Rooms Total: 5
Unit 3
  • Beds Total: 2
  • Full Baths: 2
  • Rent: $1,500.00
  • Rooms Total: 5
Rental
Rent Information
  • 2 Bedroom Rent: $2,400.00
  • 2 Bedroom Sq Ft: 1500
  • 2 Bedroom Units: 2
  • Efficiency Rent: $775.00
  • Efficiency Sq Ft: 567
  • Efficiency Units: 1
  • Heat Paid: Tenant
  • Occupancy: Tenant Right
  • Water Paid: Owner
  • Has Lease Considered: No
  • Lease Information: A to 4/24, B to 4/24, C to 9/23
  • Sub Lease: No

Property History for 6123 Madison Road

DateEvent & SourcePriceAppreciation
May 24, 2023

Sold

MLS of Greater Cincinnati #1770911

$590,000
May 2, 2023

Listed (Active)

MLS of Greater Cincinnati #1770911

$630,000
Jan 10, 2019

Sold (Public Record)

Public Record #640851553

$130,000

+4.6% / yr

DateEvent & SourcePrice
05/24/2023

Sold

MLS of Greater Cincinnati #1770911

$590,000
05/02/2023

Listed (Active)

MLS of Greater Cincinnati #1770911

$630,000
01/10/2019

Sold (Public Record)

Public Record #640851553

$130,000

+4.6% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 6123 Madison Road

Taxable ValueLand$22,001Additions$108,192Total$130,193
Tax Record2025$4,691 ($391 / month)
Home Facts
Baths2Total Finished SqFt2,937 SqFtAbove Grade Finished SqFt2,937 SqFtStories2Lot Size12,894 SqFtStyleTriplexYear Built1865CountyHAMILTONAPN036-0003-0017-00

Schools near 6123 Madison Road

This home is within Cincinnati Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 5 to 12
Public - 7 to 12
Public - 7 to 12
Rating
School
Distance
John P Parker Elementary School
PublicPK to 7

Gilbert A. Dater High School
Public5 to 12

Clark Montessori High School
Public7 to 12

Withrow University High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 6123 Madison Road, Cincinnati, OH 45227
$590,000
4
5
2,937
12,894
$217,000
3,210
7,754
$335,000
4
3,242
0
6,403
2
6,388
13,155
2
2,437
6,055

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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