$750,000
The Elizabeth Urban Residences
Details
APN 134-0005-0318-00
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,359
Units 4
Price per SqFt $172
Class C
Year Built 1875
Acreage 0.090
Zoning Residential Multi Family 1.2
Parking Spaces 4 spaces
Parking per 1,000 SqFt 0.92
Multifamily | 4 Units | $187,500/unit
Marketing description
Historic Italianate on beautiful tree lined street. Stunning Owners Unit w/Modern finishes, private street entrance, master suite, private yard with deck, reserved parking & steps to the FC Stadium, Findley Market, Washington Park... Located in the sought-after Betts Longworth Historic District. Large apartments with exposed brick, open floor plans, spiral staircase, natural light. Each unit has their own HVAC System, owner Pays Water. Value add potential with some cosmetic updates to some units and increase cash flow. An additional lot is included with the sale, offering the possibility for future development or expansion (buyer to verify zoning and buildability). This is the perfect urban property, amazing location, great cash flow, beautiful building, off street parking & updated units!
Investment highlights
Investment Highlights
- Prime urban location in the historic Betts–Longworth District near downtown Cincinnati, offering strong walkability while being somewhat quieter than the central business district.
- Fully leased 4-unit multifamily property generating immediate cash flow with potential for future rent growth.
- Value-add opportunity through unit renovations and rent optimization, supported by strong rental demand in the surrounding neighborhood.
- One recently updated unit includes a private yard, creating potential for an owner-occupant, premium rental, or short-term rental strategy.
- Five off-street parking spaces, a significant competitive advantage in an urban location where parking is limited.
- Sale includes a separate vacant lot, providing potential for future development, expansion, or long-term land appreciation (subject to zoning and approvals).
- Located within an Opportunity Zone, which may offer favorable tax benefits for qualifying investors.
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