2244 Salvador St - Apartments FOR SALE


Cincinnati, OH 45230- Mount Washington
$810,000 USD
513-935-0021
2244 Salvador St, Cincinnati, OH for Sale
$810,000 USD
Apartments - FOR SALE
1/16
null | 8.5% Cap Rate

2244 Salvador St
Cincinnati, OH 45230
Mount Washington


OVERVIEW

2244 Salvador Street is a 9-unit turnkey multifamily property offered at an 8.5% cap rate, located in Cincinnati's established Mt. Washington neighborhood. The property features eight one-bedroom apartments and one studio, with one current vacancy. At 100% occupancy, monthly rents total $8,864, with RUBS implemented and charged back to tenants, reducing owner utility cost. Each unit is equipped with PTAC heating and cooling systems, with electric paid directly by tenants, keeping operational costs lean. The building features secure gated access and nine on-site parking spaces, amenities that support tenant retention and occupancy. Situated near retail, dining, and major commuter routes, 2244 Salvador Street benefits from Mt. Washington's strong rental demand and historically low vacancy. This opportunity offers investors a stabilized asset in one of Cincinnati's most consistent East Side submarkets.

FOR SALE DETAILS

PRICE

$810,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

9

PRICE/UNIT

$90,000

CAP RATE

8.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gated 9-Unit Apartment Community

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

RM 1.2

APN/PARCEL ID

001-0002-0149

ASK ABOUT THIS PROPERTY

Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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