440-474-2269
5300 Hamilton Ave, Cincinnati, OH for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

5300 Hamilton Ave
Cincinnati, OH 45224
College Hill


HIGHLIGHTS

  • Oversized Units with Balconies | 1BR, 2BR, and 3BR Layouts Averaging 1,600+ SF
  • Full Amenity Package | Heated Pool, Fitness Center, 24/7 Doorman, Covered Parking, Lounge
  • Post-Remediation Condition | White-Boxed and Ready for Renovation
  • Rare Product Format in a Submarket with No Comparable Institutional Rental Supply
  • Strong Rent Upside | Pro Forma Rents Projected at a 30–40% Discount to Downtown High-Rise Product
  • Strategic Positioning for Multifamily or Senior Independent Living

OVERVIEW

Marcus & Millichap is pleased to present Hammond North, a rare 18-story concrete high-rise condominium building located in Cincinnati’s Mt. Airy neighborhood. Delivered fully vacant, the property represents a unique opportunity to reposition a legacy high-rise asset into modern multifamily or senior housing. Originally built as a high-end condo tower, Hammond North features oversized 1BR, 2BR, and 3BR units with private balconies, elevator service, and a full amenity package that includes a heated pool, fitness center, 24/7 doorman, covered parking, and a community lounge. Following full fire remediation, the asset is now white-boxed and ready for renovation without demolition risk. With no comparable rental product in the immediate submarket, Hammond North draws stronger parallels to institutional-quality high-rise assets in downtown Cincinnati, while offering proximity to stable West Side neighborhoods and drive-time convenience to the urban core. A signalized entry off W. North Bend Road and potential for future development on surplus land further enhance the long-term value proposition. Hammond North presents investors with a rare, large-format repositioning opportunity in a fundamentally supply-constrained market

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

180

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hammond North

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

19

YEAR BUILT

1965

PARKING SPACES

63

LAND DETAILS

LAND ACRES

9.87 AC

LAND SF

429,912 SF

ZONING

-

APN/PARCEL ID

230-0001-0018,230-0001-0022,230-0001-0029,230-0001-0036,230-0001-0057,230-0001-0073,230-0001-0084,230-0001-0088,230-0001-0092,230-0001-0106,230-0001-0109,230-0001-0141,230-0001-0146,230-0001-0173,230-0001-0186,230-0001-0193,230-0001-0194,230-0001-0195

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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.