100 E McMicken Ave - Apartments FOR SALE


Cincinnati, OH 45202- Over-The Rhine
$300,000 USD
678-595-5954
100 E McMicken Ave, Cincinnati, OH for Sale
$300,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

100 E McMicken Ave
Cincinnati, OH 45202
Over-The Rhine


HIGHLIGHTS

  • Going to auction June 15, 2026 | Starting Bid $300,000
  • Turn-Key — Construction complete; allowing an investor to begin leasing immediately upon closing
  • Strong projected NOI — 2026 stabilized NOI of ~$70,049, growing to over $105,000 by 2029 based on pro forma projections
  • Proximity to major corridors — Easy access to I-71/I-75, Downtown Cincinnati, and the broader urban core
  • Attractive unit structure — 6 units averaging 886 SF each, all 1BD/1BA

OVERVIEW

AUCTION-- 100 E McMicken Ave., Cincinnati, OH 45202 is a rare opportunity to acquire a fully renovated, turn-key multifamily asset in the heart of Over-the-Rhine—one of Cincinnati’s most vibrant and walkable neighborhoods. Originally built in 1885 and comprehensively redeveloped, this historic brick property features 6 spacious 1BD/1BA units totaling approximately 5,148 SF. Construction is complete and the property has received its Certificate of Occupancy, allowing a new owner to begin leasing immediately with no development risk. Units average roughly 886 SF and feature modern finishes that appeal to today’s urban renter. The asset also benefits from a 30-year TIF tax abatement through 2032, helping keep annual real estate taxes exceptionally low and supporting stronger day-one cash flow. Positioned near Downtown Cincinnati with convenient access to I-71 and I-75, the property offers residents proximity to major employment centers, entertainment, dining, and neighborhood amenities. Zoned CC-P-T and located within an Opportunity Zone, this is a compelling value-add and long-term hold opportunity in one of the Midwest’s most sought-after urban districts!

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

6

PRICE/UNIT

$50,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CCP

APN/PARCEL ID

094-0007-0252

ASK ABOUT THIS PROPERTY

Michael BergmanAstonish Commercial Real Estate ServicesMore Info
678-595-5954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael BergmanAstonish Commercial Real Estate ServicesMore Info
678-595-5954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.