800-808 Elberon Ave - Apartments FOR SALE


Cincinnati, OH 45205- East Price Hill
$5,100,000 USD
513-745-9333
800-808 Elberon Ave, Cincinnati, OH for Sale
$5,100,000 USD
Apartments - FOR SALE
1/30
null | 7.16% Cap Rate

800-808 Elberon Ave
Cincinnati, OH 45205
East Price Hill


HIGHLIGHTS

  • Asking Price: $5,100,000
  • Total Units: 74 Units
  • Cap Rate: 7.16%
  • Submarket: At the junction of East Price Hill and the Incline District
  • Major Upgrades to Roofing, Electrical Systems, Mechanicals, and Exterior and Interior Finishes
  • Presents a Strong Value-Add Opportunity

OVERVIEW

3CRE proudly offers the Elberon Portfolio, a 74-unit multifamily community in East Price Hill. The property consists predominantly of one-bedroom apartments, including 72 one-bedroom units, along with one studio and one two-bedroom unit, providing an efficient layout that appeals to a wide range of renters. The asset has undergone nearly $1 million in recent capital improvements, with major upgrades to roofing, electrical systems, mechanicals, and both interior and exterior finishes. The owner also benefits from laundry income. These investments help minimize near-term capital needs and support stable ongoing operations. The portfolio also presents a strong value-add opportunity, with identifiable loss-to-lease upside and potential for rent growth through continued unit renovations and enhanced management practices. Located in the established junction of East Price Hill and the Incline District, the Elberon Portfolio offers residents convenient access to downtown Cincinnati, major employment centers, and key transportation corridors. The area continues to see steady demand driven by its proximity to urban amenities, retail, and dining options, while maintaining a neighborhood-oriented feel. This combination of accessibility and affordability supports strong occupancy trends and provides investors with the opportunity to capitalize on both stable in-place income and future rent growth within a proven submarket.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

74

PRICE/UNIT

$68,919

CAP RATE

7.16%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elberon Portfolio - 74 Units For Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

RM-1.2

APN/PARCEL ID

175-0017-0147,175-0017-0148,175-0017-0163

ASK ABOUT THIS PROPERTY

Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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Tryfon Christoforou3CRE Advisors, LLCMore Info
513-745-9333

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