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 Sep 9, 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

5276 Montgomery Road (3).pdf (PDF) opens in new window

Contacts

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

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
JACK Casino

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
UDF Fuel

0.98 miles
Shell

1.20 miles
Tesla Supercharger

1.23 miles
United Dairy Farmers

1.29 miles
Kroger

1.39 miles
Shell

1.42 miles
Marathon

1.44 miles
BP

1.47 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

Quality Inn & Suites

1.24 miles
Courtyard Cincinnati Midtown/Rookwood

1.43 miles
Motel 6 Cincinnati Central-Norwood

1.50 miles
DoubleTree

1.92 miles
Holiday Inn Express & Suites Cincinnati NE - Redbank Road

2.51 miles
Quality Inn & Suites

3.27 miles
Graduate Cincinnati

3.97 miles
Hampton Inn & Suites Cincinnati - Uptown-University Area

4.12 miles
Gaslight Bed & Breakfast

4.24 miles
MainStay Suites Cincinnati University - Uptown

4.32 miles

Arby's

0.77 miles
Bluebird Restaurant

0.79 miles
McDonald's

0.85 miles
McDonald's

1.09 miles
Gordo’s Pub & Grill

1.14 miles
Gold Star Chili

1.15 miles
Pleasant Ridge Chili

1.19 miles
Buffalo Wings & Rings

1.22 miles
Wendy's

1.22 miles
IHOP

1.26 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
Youthland Academy Blue Ash Learning Center

4.96 miles
Rising Stars at Vine

5.08 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
Victory Child Academy Incorporated

6.23 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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