532 Rockdale AveCincinnati, OH 45229

For Sale
$810,000

Prime Cincinnati investment opportunity: 12-unit apartment building.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 12-unit apartment building, located at 532 Rockdale Ave in Cincinnati, Ohio (45229), presents a compelling investment opportunity. The property, built in 1955, comprises a single two-story building totaling 10,179 square feet (APN: 113-0001-0025-00). The unit mix includes ten two-bedroom units, one one-bedroom unit, and a studio apartment. Currently, two units are vacant, offering immediate potential for increased revenue. Each unit features individually metered electric service, with tenants responsible for their own electricity costs. The building is heated by a boiler system, recently upgraded with a new water heater, ensuring efficient and reliable operation. A significant advantage is the convenient proximity to a church, providing tenants with additional parking. This property offers substantial potential for value-add improvements and represents an ideal acquisition for investors seeking a project with significant upside. The asking price is $810,000. This is a rare opportunity to acquire a well-located multifamily property in a growing Cincinnati neighborhood.

Highlights

  • 12-unit apartment building in Cincinnati, OH (45229), 10,179 sq ft, built in 1955.
  • Unit mix: 10 two-bedroom, 1 one-bedroom, 1 studio; two units currently vacant.
  • Individually metered electric, tenants pay electric; recently upgraded boiler and water heater.
  • Convenient church proximity offers additional tenant parking.
  • Asking price: $810,000.

Property Details for 532 Rockdale Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
10,179 SF
Year Built
1955
Buildings
1
Stories
2

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1450787
Longitude
-84.4961175
532 Rockdale Ave, Cincinnati, Ohio

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532 Rockdale Ave
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