1226-1230 Rutledge Ave - Apartments FOR SALE


Cincinnati, OH 45205- West Price Hill
$1,175,000 USD
513-745-9333
1226-1230 Rutledge Ave, Cincinnati, OH for Sale
$1,175,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

1226-1230 Rutledge Ave
Cincinnati, OH 45205
West Price Hill


HIGHLIGHTS

  • 65% Guaranteed Rental Amount
  • Section 8 Approved (HCV)
  • Located in a High Demand Rental Market Just 4 Miles From Downtown Cincinnati
  • Off-Street - Surface Parking
  • Opportunity to Transfer Utilities Back to The Tenant For a Higher Profit Margin
  • Meticulously Maintained by Same Owner Since 2006

OVERVIEW

3CRE is excited to introduce a multifamily opportunity at 1226 Rutledge Avenue, Cincinnati, OH 45205. This well-maintained property consists of 13 units, featuring one, one-bedroom and twelve, two-bedroom units. Each tenant also has their own separate storage. The property is situated in the West Price Hill neighborhood of Cincinnati, a residential area known for its affordability, community feel, and proximity to downtown. Just four miles from the city center, the location offers convenient access to major roadways, public transportation, and everyday amenities. Residents benefit from nearby retail centers like Glenway Crossing, as well as outdoor recreation at Rapid Run Park and Mount Echo Park. The area has a strong rental base, with consistent demand for affordable and Section 8 housing. This neighborhood combines accessibility, stability, and growth potential—making it an ideal setting for long-term multifamily investment. Investing in subsidized housing in Cincinnati is a strategic opportunity due to the city’s strong rental demand, government-backed rental income, and rising market potential. As of late 2024, Cincinnati’s rental market remains stable, with a 94.6% occupancy rate and rents increasing by 2.8% year-over-year. Subsidized housing offers landlords reliable, government-backed income and reduced vacancy risks, making it especially attractive in markets with persistent affordable housing shortages. This combination of consistent demand, lower entry costs, and social impact makes subsidized housing in Cincinnati a smart and sustainable investment.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

13

PRICE/UNIT

$90,385

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13-Unit Multifamily Property | For Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RMX, Cincinnati

APN/PARCEL ID

179-0077-0258

ASK ABOUT THIS PROPERTY

Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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