9481 Reading Rd - Apartments FOR SALE


Cincinnati, OH 45215- Reading
$670,000 USD
513-935-0021
9481 Reading Rd, Cincinnati, OH for Sale
$670,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

9481 Reading Rd
Cincinnati, OH 45215
Reading


HIGHLIGHTS

  • 10 units with a mix of 6 studios, 2 one-beds, and 2 two-beds
  • Current monthly income: $7,975 with proforma rents of $9,375
  • Central boiler and two furnaces (owner-paid heat)
  • Value-add potential through RUBS, rent increases, and furnace metering

OVERVIEW

HIGHEST AND BEST OFFERS DUE ON FRIDAY 7/11/25..9481 Reading Rd. is a 10-unit multifamily asset located in the desirable Reading neighborhood of Cincinnati. The property features a balanced unit mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms, catering to a wide range of renters. Current monthly rents total $7,975, with proforma rents projected at $9,375. Heating is provided by a central boiler and two furnaces, all paid by the owner, offering a clear opportunity to improve operating expenses. This off-market opportunity presents multiple value-add angles, including rent increases, implementing RUBS, and separately metering the furnaces to shift utility costs to tenants. At $67,000 per door, the property is competitively priced with operational upside. 9481 Reading Rd. is ideal for investors looking to grow their portfolio in a strong rental submarket with reliable tenant demand.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

10

PRICE/UNIT

$67,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

671-0002-0031

ASK ABOUT THIS PROPERTY

Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

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