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Dana Heights 1005-1007 Dana Ave 26 Unit Apartment Building For Sale Cincinnati, OH 45229
Investment Highlights
- Significant capital improvements completed including windows, electrical panels, and recent roof replacement, reducing near-term capital needs
- Walkable location directly across from Xavier University, supporting consistent tenant demand and occupancy
- Renovated unit interiors with strong in-place rents, providing stable cash flow with continued upside potential
- Located in North Avondale, a desirable Cincinnati submarket offering affordability, accessibility, and long-term rent growth potential
Executive Summary
Marcus & Millichap is pleased to present Dana Heights, a 26-unit multifamily investment opportunity located at 1005-1007 Dana Heights Avenue in Cincinnati, Ohio within the North Avondale submarket. The property consists of two three-story buildings situated across two parcels and offers approximately 13,875 rentable square feet. Originally constructed in 1880 and 1963, the asset features a predominantly one-bedroom unit mix with efficient layouts and strong renter appeal in a proven infill location.
Dana Heights is currently operating at over 90% occupancy with average effective rents around $922, providing stable in-place income with a clear path for continued rent growth. The property has benefited from significant capital improvements in recent years, including new windows, updated electrical systems, and roof replacement on one of the buildings, positioning a new owner to focus on operational efficiencies and remaining interior upside. The asset is located directly across from Xavier University and within close proximity to major employment drivers including Cincinnati Children’s Hospital, the University of Cincinnati, and Downtown Cincinnati, supporting consistent demand and long-term rent growth potential.
Deal vault link with access to OM, rent roll and T12: https://www.marcusmillichap.com/properties/173125/dana-heights
Dana Heights is currently operating at over 90% occupancy with average effective rents around $922, providing stable in-place income with a clear path for continued rent growth. The property has benefited from significant capital improvements in recent years, including new windows, updated electrical systems, and roof replacement on one of the buildings, positioning a new owner to focus on operational efficiencies and remaining interior upside. The asset is located directly across from Xavier University and within close proximity to major employment drivers including Cincinnati Children’s Hospital, the University of Cincinnati, and Downtown Cincinnati, supporting consistent demand and long-term rent growth potential.
Deal vault link with access to OM, rent roll and T12: https://www.marcusmillichap.com/properties/173125/dana-heights
Property Facts
| Sale Type | Investment | Lot Size | 0.57 AC |
| No. Units | 26 | Building Size | 13,975 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 1.86/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 13,975 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2025 |
| Parking Ratio | 1.86/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Heating
- Eat-in Kitchen
- Refrigerator
- Oven
- Range
- Island Kitchen
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | $950.00 | 525 |
| 2+1 | 1 | $1,095 | 750 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $258,559 | |
| Land Assessment | $59,101 | Total Assessment | $317,660 |
Property Taxes
Parcel Numbers
Land Assessment
$59,101
Improvements Assessment
$258,559
Total Assessment
$317,660
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Dana Heights | 1005-1007 Dana Ave
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