518 Forest AveCincinnati, OH 45229

For Sale
$174,900

Cincinnati duplex, 2 units, $174,900

Overview

Added:
Dec 11, 2024
Days on market:
90
This two-unit apartment building in Cincinnati's Avondale neighborhood presents a compelling value-add investment opportunity. The property, located at 518 Forest Ave, boasts 3,028 square feet and is priced at $174,900, or $87,450 per unit and $57.76 per square foot. Built in 1890, this two-story building features two units, each with 2-3 bedrooms and 1 bathroom, and laundry hookups. Recent improvements include complete rewiring and a new water line. While some finishing touches are needed, including drywall, HVAC installation, and kitchen/bathroom upgrades, the property benefits from a solid foundation, a new roof, and sealed gutters. Its central location offers proximity to local hospitals, parks, and the Cincinnati Zoo. The property's Assessed Parcel Number (APN) is 113-0002-0046-00. This property is ideal for investors seeking a project with significant upside potential in a desirable urban setting. The property is ready for an investor to add their personal touch and increase the value. This is a chance to acquire a well-located property with a strong foundation for future growth. The Hamilton County location provides access to a thriving community and convenient amenities.

Highlights

  • $174,900 asking price for a value-add multifamily investment property.
  • Two-unit apartment building in Cincinnati, OH.
  • 3,028 square feet, priced at $57.76 per square foot.
  • Each unit offers approximately $87,450 in value.
  • Built in 1890, the property features one two-story building.
  • Broker co-op is available.

Property Details for 518 Forest Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
3,028 SF
Year Built
1890
Buildings
1
Stories
2
Units
2

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1462117
Longitude
-84.4965927
518 Forest Ave, Cincinnati, Ohio

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518 Forest Ave
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