1610 Queen City Ave - Apartments FOR SALE


Cincinnati, OH 45214- South Fairmount
$575,000 USD
513-592-9454
1610 Queen City Ave, Cincinnati, OH for Sale
$575,000 USD
Apartments - FOR SALE
1/10
null | 9.08% Cap Rate

1610 Queen City Ave
Cincinnati, OH 45214
South Fairmount


HIGHLIGHTS

  • Strong In-Place Income with Upside – 5 of 6 units occupied with immediate value-add through lease-up and rent growth
  • Pro Forma NOI Growth Opportunity – Ability to increase rents to market levels and stabilize returns

OVERVIEW

1610 Queen City Ave is a 6-unit multifamily investment opportunity offering strong inplace cash flow with a clear path to increased income and forced appreciation. The property is currently 83% occupied with five income-producing units, including a topperforming unit achieving $1,500 per month, validating the asset’s rental upside. The investment presents a compelling value-add opportunity through the activation of an additional 3-bedroom unit and strategic rent increases on under-market units. Upon stabilization, the property is projected to generate over $80,000 in annual gross income, significantly enhancing overall returns. Located along the highly trafficked Queen City Avenue corridor, the property benefits from strong connectivity to I-75 and downtown Cincinnati, positioning it within a dense workforce housing market with consistent rental demand. This is an ideal opportunity for investors seeking a manageable multifamily asset with both immediate cash flow and meaningful upside through operational improvements.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

6

PRICE/UNIT

$95,833

CAP RATE

9.08%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1610 Queen City Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CC-A

APN/PARCEL ID

202-0031-0142

ASK ABOUT THIS PROPERTY

Jahmar DanielsKeller Williams Seven Hills RealtyMore Info
513-592-9454

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Jahmar DanielsKeller Williams Seven Hills RealtyMore Info
513-592-9454

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