Map of Property

Twin Terrace Apartments - 22 Units

5276 Montgomery Road, Cincinnati, OH 45212

  • For Sale $1,300,000
  • Property Type Multi-Family
  • Property Size 14,549 SF
  • Units 22
  • Lot Size 0.33 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 27, 2024
Strategically positioned on Montgomery Road near a bustling retail corridor, the property benefits from high visibility and traffic, with easy access to Interstate 71 and Ohio 562. The Norwood submarket is experiencing significant urban development and community revitalization, with new residential, dining, and retail spaces enhancing the area's quality of life.3CRE is excited to introduce a multifamily opportunity at 5276-5282 Montgomery Road, Cincinnati, OH 45212. This premier property features 22 one-bedroom, one-bathroom units, reflecting strong demand and maintaining consistent occupancy rates. Over the years, it has undergone significant improvements, including enhanced security, partial unit rehabilitation, and improved common areas. Approved for Section 8 housing, it offers a broad appeal. Strategically positioned on Montgomery Road near a bustling retail corridor, the property benefits from high visibility and traffic, with easy access to Interstate 71 and Ohio 562. The Norwood submarket is experiencing significant urban development and community revitalization, with new residential, dining, and retail spaces enhancing the area's quality of life. Financially, the property is listed at $1,300,000 with a cap rate of 7.07% and a gross scheduled income of $196,536, making it a prime investment in a growing community. 3CRE is proud to present this property as an excellent opportunity for new ownership to increase rental income through potential rent adjustments and the implementation of an efficient Ratio Utility Billing System (RUBS).
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Attachments

Contacts

broker
Tryfon Christoforou

3CRE Advisors

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cincinnati, OH
  • Neighborhood Norwood
  • Zip Code 45212
  • Market Cincinnati

Points of Interest

  • Findlay Market–Race

    5.37 miles

  • Brewery District

    5.37 miles

  • Findlay Market–Elm

    5.46 miles

  • Liberty & Race

    5.49 miles

  • Hanke Exchange

    5.49 miles

  • Liberty & Elm

    5.54 miles

  • Court & Main

    5.55 miles

  • 12th & Vine

    5.61 miles

  • 8th & Main

    5.64 miles

  • Central Parkway

    5.65 miles

  • UDF Fuel

    0.41 miles

  • BP

    0.51 miles

  • Speedway

    1.00 miles

  • Shell

    1.20 miles

  • Tesla Supercharger

    1.23 miles

  • United Dairy Farmers

    1.29 miles

  • Kroger

    1.39 miles

  • Marathon

    1.44 miles

  • Daniels Street Fast Charger

    4.36 miles

  • Clifton Court Garage Charging Station

    4.51 miles

  • Cincinnati Police Department District 4

    1.62 miles

  • Cintas Center East Parking Area

    1.81 miles

  • Lot 2

    2.07 miles

  • Lot 1

    2.08 miles

  • Central Parking

    2.08 miles

  • Church/school Parking

    2.22 miles

  • Church of the Redeemer

    2.26 miles

  • Mt. Lookout Animal Hospital Parking

    2.94 miles

  • Funeral Home Parking

    2.96 miles

  • Mount Lookout Square

    3.00 miles

  • Homewood Suites

    1.23 miles

  • Quality Inn & Suites

    1.24 miles

  • Gateway Lodge Motel

    1.35 miles

  • Courtyard Cincinnati Midtown/Rookwood

    1.43 miles

  • Residence Inn Cincinnati Midtown/Rookwood

    1.45 miles

  • Days Inn

    1.50 miles

  • Hilton Garden Inn Midtown

    1.92 miles

  • Holiday Inn Express & Suites Cincinnati NE - Redbank Road

    2.51 miles

  • Comfort Inn & Suites

    3.27 miles

  • Graduate by Hilton Cincinnati

    3.97 miles

  • Arby's

    0.77 miles

  • Bluebird Restaurant

    0.79 miles

  • Gatherall Food Hall

    0.83 miles

  • McDonald's

    0.85 miles

  • KFC

    0.88 miles

  • Wendy's

    0.92 miles

  • Jimmy John's

    1.03 miles

  • Chipotle

    1.06 miles

  • Gordo’s Pub & Grill

    1.14 miles

  • Gold Star Chili

    1.15 miles

  • Mount Saint Mary’s Seminary

    0.17 miles

  • Regina High School

    0.25 miles

  • North Norwood Elementary School

    0.34 miles

  • Norwood View Elementary School

    0.39 miles

  • Norwood Christian School

    0.67 miles

  • Immaculate Conception Academy

    0.86 miles

  • Norwood High School

    0.86 miles

  • Immaculate Conception Church and School

    0.88 miles

  • Norwood Middle and High Schools

    0.89 miles

  • Norwood Middle School

    0.90 miles

  • Childrens Village Academy

    3.19 miles

  • Montessori Center Room

    3.30 miles

  • Divine Daycare Center

    3.92 miles

  • A J Rahn Greenhouses

    4.34 miles

  • The Learning Center Academy

    4.44 miles

  • Youthland Academy Blue Ash Learning Center

    4.96 miles

  • Primrose School at P&G GO Child Development Center

    5.56 miles

  • The Gardner School of Blue Ash

    5.63 miles

  • Learning Grove - YWCA

    5.68 miles

  • Childtime

    5.79 miles

Frequently Asked Questions

How much does Twin Terrace Apartments - 22 Units cost?

The space currently listed for sale at Twin Terrace Apartments - 22 Units asks for $1,300,000.

What is the total square footage of Twin Terrace Apartments - 22 Units?

Twin Terrace Apartments - 22 Units totals 14,549 square feet.

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Contact Listing Broker
broker
Tryfon Christoforou

3CRE Advisors