2894-2898 Harrison Ave - Apartments FOR SALE


Cincinnati, OH 45211- Westwood
$675,000 USD
513-841-7000
2894-2898 Harrison Ave, Cincinnati, OH for Sale
$675,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

2894-2898 Harrison Ave
Cincinnati, OH 45211
Westwood


HIGHLIGHTS

  • Sold by Court Appointed Receiver
  • Online Auction Only
  • Immediate Cash Flow with Built-In Upside

OVERVIEW

Court-Appointed Receiver Sale – Value-Add Multifamily – 2896 Harrison Ave, Cincinnati, OH 45211 A great opportunity to acquire two 9-unit apartment buildings (18 total one-bed/one-bath units) on .434 acres in Cincinnati's Westwood neighborhood. Brick construction, built in 1955, ±10,844 finished SF per county auditor. Currently ±50% occupied, delivering immediate cash flow while offering strong upside through renovation, repositioning, and lease-up. Each building is separately metered for gas and electric, with boiler baseboard heat and wall/window A/C for straightforward operations. Located on the Harrison Avenue commercial corridor near the Westwood Town Center redevelopment and Western Hills Shopping Center, with easy access to I-74 and I-75. Mercy Health – West Hospital is just minutes away, with additional major employers — including Procter & Gamble, Fifth Third Bank, Kroger, UC Medical Center, and Cincinnati Children's — 10–15 minutes away in Downtown Cincinnati, supporting strong long-term rental demand. A compelling workforce housing investment with a clear path to increased occupancy, rental income, and long-term value in an established Cincinnati neighborhood. Bidder Registration All prospective bidders must be pre-approved. To be approved, complete the following steps no later than August 26, 2026: Click Sign Up, and create an account. Click the "Register to Bid" button. Click "Request Authorization" and e-sign the Purchase and Sale Agreement. If you experience an issue, ensure that pop-ups are permitted on the page. Once you click "Request Authorization," a pop-up to execute the Purchase and Sale Agreement will appear.  Email kurt@prodigyprop.com to request wiring instructions, then submit a $15,000 Participation Deposit via wire transfer. (Refundable if are not the winning bidder) Once the Purchase and Sale Agreement is signed and the $15,000 deposit is received, your account will be reviewed, confirmed, and unlocked for bidding. Once your account is unlocked, you will receive an automated confirmation message from the site. We will also send instructions and information on how the site, bidding, and proxy bidding work. All steps must be completed by August 26, 2026 to be eligible to bid. Auction Date / Times Auction Starts: Live Now Auction Ends: August 27, 2026 @ 11am 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 28, 2026 Questions 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. 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.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

18

PRICE/UNIT

$37,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1955

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,040 SF

ZONING

RM-2.0-T

APN/PARCEL ID

208-0055-0337

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.