2143 Central AveCincinnati, OH 45214

For Sale
$225,000

3-Unit Apartment Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a three-unit apartment building situated at 2143 Central Avenue in Cincinnati, Ohio's vibrant West End neighborhood. Boasting 5,290 square feet on a 3,441 square foot lot, this property offers significant potential for various development scenarios. Currently configured as a three-family dwelling, the building's substantial size allows for creative redevelopment options, including a large commercial storefront with apartments above, a single-family conversion, or the construction of entirely new apartment units. The property, built in 1845, requires a complete renovation, presenting a blank canvas for a discerning investor. Located just two miles north of Downtown Cincinnati, this prime location benefits from the area's anticipated $1 billion in new development, ensuring strong future growth and high demand. The property is zoned MG and features three stories. Each unit is priced at $75,000, with a total asking price of $225,000. The property's APN is 132-0001-0142-00. This is a rare chance to capitalize on the West End's revitalization and create a lucrative return on investment. The property's size and location make it an ideal candidate for significant value appreciation. Don't miss this chance to acquire a substantial property in a rapidly developing area.

Highlights

  • Excellent investment opportunity: 5,290 SF multifamily building at 2143 Central Ave, Cincinnati, OH, located 2 miles north of Downtown.
  • Multiple development options: large commercial storefront with apartments, 3-family, single-family conversion, or new apartment redevelopment.
  • High-demand West End location poised for growth with $1 billion in planned new development.
  • Property requires complete renovation.
  • Three-unit apartment building, asking $225,000 ($75,000/unit), with a lot size of 3,441 SF.

Property Details for 2143 Central Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
5,290 SF
Year Built
1845
Buildings
1
Stories
3
Units
3

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1210888
Longitude
-84.5306007
2143 Central Ave, Cincinnati, Ohio

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2143 Central Ave
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