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118 E McMicken Ave
Cincinnati, OH 45202
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Going to auction June 15, 2026 | Starting Bid $540,000
- Paired with an adjacent cleared 0.101-acre development-ready lot at 118 E McMicken Ave, available in a single transaction
- Both parcels benefit from a 30-year TIF abatement running through 2032
- Combined contiguous assemblage—an approximately 60% complete mixed-use building (8 residential + 1 commercial)
- Stabilized proforma gross rent of $114,070 in Year 2 at 116 E McMicken.
- Designated Opportunity Zone with CC-P-T zoning across both parcels
Executive Summary
AUCTION-- 116 & 118 E McMicken Ave., Cincinnati, OH 45202 presents a rare chance to acquire a contiguous mixed-use and development assemblage in the heart of Over-the-Rhine. Offered together, this unique opportunity combines a partially renovated historic building with a cleared adjacent infill lot, creating immediate upside and long-term flexibility in one of Cincinnati’s most dynamic urban corridors. 116 & 118 E McMicken Ave. includes 116 E McMicken, a roughly 60% complete mixed-use asset planned for 8 one-bedroom apartments and 1 ground-floor commercial storefront, plus 118 E McMicken, a 0.101-acre vacant lot ready for new development or potential parking. With CC-P-T zoning, Opportunity Zone designation, and a 30-year TIF abatement through 2032, the assemblage is positioned for multifamily, mixed-use, or commercial execution. Located in highly walkable OTR near Downtown Cincinnati, Findlay Market, and major highway access via I-75 and I-71, this offering delivers compelling redevelopment potential, tax advantages, and future income growth in a sought-after neighborhood!
Property Facts
| Price Per Unit | $60,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Sale Condition | Distress Sale | Building Size | 9,156 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1860 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-2.0 | ||
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 9,156 SF |
| No. Stories | 3 |
| Year Built | 1860 |
| Opportunity Zone |
Yes |
| Zoning | RM-2.0 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Detector
Property Taxes
| Parcel Number | 094-0007-0244 | Improvements Assessment | $75,646 |
| Land Assessment | $11,855 | Total Assessment | $87,501 |
Property Taxes
Parcel Number
094-0007-0244
Land Assessment
$11,855
Improvements Assessment
$75,646
Total Assessment
$87,501
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