24 E University Ave - Apartments FOR SALE


Cincinnati, OH 45219- Corryville
$400,000 USD
513-841-7000
24 E University Ave, Cincinnati, OH for Sale
$400,000 USD
Apartments - FOR SALE
1/64
null | Request Cap Rate

24 E University Ave
Cincinnati, OH 45219
Corryville


HIGHLIGHTS

  • Sold by Court Appointed Receiver
  • Online Auction Only
  • Blocks from University of Cincinnati and Shortvine, UC Medical Center and more

OVERVIEW

Court Appointed Receiver Sale – Prime Mixed-Use Investment Opportunity – 24 E University Ave, Cincinnati, OH 45219 A rare, 100% vacant mixed-use investment opportunity in the heart of Cincinnati's University Heights neighborhood — offering 13,794 SF of space on a 0.153-acre lot, just blocks from the University of Cincinnati campus, Short Vine Entertainment District, Kroger, and UC's Medical Center, College of Medicine, and Children's Hospital. With the entire building vacant, this is an ideal opportunity for an owner-user, investor, or developer to reposition, lease up, or occupy the space without the constraints of existing tenancies. First Floor: Flexible commercial space with a storefront, dedicated office spaces, and conference rooms — ideal for retail, professional services, or a mix of both. Includes 1 full and 2 half baths, a large storage area, unfinished attic storage, and access to an unfinished basement, all offering excellent potential for finish-out and additional revenue. Second & Third Floors: Six vacant 1-bedroom, 1-bathroom apartments, ready for lease-up to students, faculty, and medical professionals working near campus and the hospital corridor. Fourth Floor: Largely unfinished, offering the flexibility to build out additional apartments — a compelling value-add opportunity for investors looking to grow the property's income potential. With full vacancy, unmatched flexibility, and an unbeatable location near one of Cincinnati's largest employment and enrollment hubs, 24 E University offers a rare chance to build income from the ground up in a high-demand corridor. View the Documents tab for additional due diligence materials and an extended photo package. Bidder Registration All prospective bidders must be pre-approved to bid. Prospective bidders seeking approval must submit the following items no later than August 17, 2026: Click Sign Up, and create an account Request Authorization and e-sign the Purchase and Sale Agreement Submit a $15,000 participation deposit (email kurt@prodigyprop.com to request wiring instructions after requesting authorization and e-signing the Purchase and Sale Agreement) Once the Purchase and Sale Agreement has been signed and the $15,000 participation deposit has been wired, your account will be reviewed, unlocked, and you will be approved to begin bidding. Auction Date / Times Auction Starts: Live Now Auction Ends: August 18, 2026 @ 2pm ET Sale Terms A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price As-Is, Where-Is Sold free and clear of all liens Taxes are prorated of the day of closing Receiver will convey insurable title Financing contingencies are not permitted Due diligence contingencies are not permitted Subject to court approval Winning bidder must wire a ten percent (10%) deposit (less the participation deposit) to escrow holder by 11am ET August 19, 2026 Photos, marketing comments, and due diligence items are provided for guidance purposes only. All information provided is believed to be true, but cannot be guaranteed or warranted. It is up to the bidder to verify due diligence reports and any / all code violations prior to bidding, to the extent any exist. BY BIDDING ON THIS PROPERTY, THE BIDDER REPRESENTS THEY HAVE INDEPENDENTLY VERIFIED ALL INFORMATION AND HAVE MADE THE DECISION TO BID BASED UPON THEIR OWN INVESTIGATION. Property Information and Showings Please contact Kurt at kurt@prodigyprop.com with questions or to schedule a tour.  Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$25 USD /SF

# OF UNITS

7

PRICE/UNIT

$57,143

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1896

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,665 SF

ZONING

CNM

APN/PARCEL ID

104-0004-0042-00

ASK ABOUT THIS PROPERTY

Jeff LaneProdigy PropertiesMore Info
513-841-7000

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Jeff LaneProdigy PropertiesMore Info
513-841-7000

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