440-474-2269
4431 Allison St, Norwood, OH for Sale
Apartments - FOR SALE
1/51
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4431 Allison St
Norwood, OH 45212


HIGHLIGHTS

  • Strong In-Place Income: Average rents of $1,494 per month with full occupancy (one unit down) provide immediate, stable cash flow and reliable returns
  • Extensive Renovations: Recent upgrades include new Romex wiring, PVC plumbing, renovated units with premium finishes, and updated building systems
  • Value-Add Potential: Completing the down unit (11th - two bedroom) creates instant upside by expanding the rent roll and increasing NOI
  • Attractive Financing: Option to assume the 6.01% Freddie Mac SBL loan or secure new agency debt with higher leverage and interest-only features.
  • Desirable Norwood Location: Near Factory 52, Xavier University, and Rookwood Commons with quick access to I-71 and I-75, supporting strong rent demand

OVERVIEW

Marcus & Millichap is pleased to present The Allisonia, an extensively renovated 11-unit apartment building located in Norwood - one of Cincinnati’s most centrally positioned and rapidly improving submarkets. Built in 1900 and fully modernized within the past five years, the property features a mix of seven two-bedroom and four three-bedroom apartments averaging more than 1,000 square feet each. Current occupancy stands at 100 percent, excluding the one down unit, with average effective rents of $1,494 per month - highlighting the property’s strong in-place income and premium renovation quality. The Allisonia offers a stabilized, cash-flowing investment that has been meticulously renovated and updated, with additional upside through bringing the 11th unit online to further enhance performance. Deal vault link with OM, RR and financials: https://www.marcusmillichap.com/properties/192086/the-allisonia

FOR SALE DETAILS

PRICE

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# OF UNITS

11

CAP RATE

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% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Allisonia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3

APN/PARCEL ID

651-0050-0219

ASK ABOUT THIS PROPERTY

Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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Jordan DickmanMarcus & MillichapMore Info
440-474-2269

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