3825 Eastern Ave - Apartments FOR SALE


Cincinnati, OH 45226- Columbia-Tusculum
$1,250,000 USD
513-532-4909
3825 Eastern Ave, Cincinnati, OH for Sale
$1,250,000 USD
Apartments - FOR SALE
1/16
null | 7.34% Cap Rate

3825 Eastern Ave
Cincinnati, OH 45226
Columbia-Tusculum


HIGHLIGHTS

  • New High Efficiency Boiler
  • Roof Sealed 2021
  • Walkable Neighborhood with Tree Lined streets and local eateries next door
  • Highly Desirable Columbia Tusculum Neighborhood

OVERVIEW

Rare opportunity to acquire a stabilized, income-producing landmark located at 3825 Eastern Ave in the heart of Cincinnati’s high-demand Columbia-Tusculum corridor. This fully occupied 7-unit brick multifamily asset is comprised of six spacious 2-bedroom units and one 1-bedroom unit, generating a strong gross monthly income of $9,450. The interiors showcase timeless charm with original hardwood floors throughout, while the exterior offers a private retreat for tenants with a dedicated side and rear courtyard. Featuring classic 1905 architectural character and strategic modern updates, the property benefits from the newly implemented CC-M-B zoning, offering enhanced density flexibility and reduced parking requirements for future value-add potential. Located just steps from the eclectic dining at Columbia Square and minutes from Downtown Cincinnati, this asset combines 100% occupancy with the long-term appreciation of one of the city's most walkable and prestigious neighborhoods. New Boiler, Roof Re-Sealed 2021.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

7.34%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,710 SF

ZONING

CC-M-B, Cincinnati

APN/PARCEL ID

027-0006-0065

ASK ABOUT THIS PROPERTY

Matt MorrisDwyer Commercial Real Estate, LLCMore Info
513-532-4909

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Matt MorrisDwyer Commercial Real Estate, LLCMore Info
513-532-4909

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