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13-Unit Multifamily Property | For Sale 1226-1230 Rutledge Ave 13 Unit Apartment Building $1,175,000 ($90,385/Unit) Cincinnati, OH 45205
INVESTMENT HIGHLIGHTS
- 65% Guaranteed Rental Amount
- Located in a High Demand Rental Market Just 4 Miles From Downtown Cincinnati
- Opportunity to Transfer Utilities Back to The Tenant For a Higher Profit Margin
- Section 8 Approved (HCV)
- Off-Street - Surface Parking
- Meticulously Maintained by Same Owner Since 2006
EXECUTIVE SUMMARY
3CRE is excited to introduce a multifamily opportunity at 1226 Rutledge Avenue, Cincinnati, OH 45205. This well-maintained property consists of 13 units, featuring one, one-bedroom and twelve, two-bedroom units. Each tenant also has their own separate storage. The property is situated in the West Price Hill neighborhood of Cincinnati, a residential area known for its affordability, community feel, and proximity to downtown. Just four miles from the city center, the location offers convenient access to major roadways, public transportation, and everyday amenities. Residents benefit from nearby retail centers like Glenway Crossing, as well as outdoor recreation at Rapid Run Park and Mount Echo Park. The area has a strong rental base, with consistent demand for affordable and Section 8 housing. This neighborhood combines accessibility, stability, and growth potential—making it an ideal setting for long-term multifamily investment.
Investing in subsidized housing in Cincinnati is a strategic opportunity due to the city’s strong rental demand, government-backed rental income, and rising market potential. As of late 2024, Cincinnati’s rental market remains stable, with a 94.6% occupancy rate and rents increasing by 2.8% year-over-year. Subsidized housing offers landlords reliable, government-backed income and reduced vacancy risks, making it especially attractive in markets with persistent affordable housing shortages. This combination of consistent demand, lower entry costs, and social impact makes subsidized housing in Cincinnati a smart and sustainable investment.
Investing in subsidized housing in Cincinnati is a strategic opportunity due to the city’s strong rental demand, government-backed rental income, and rising market potential. As of late 2024, Cincinnati’s rental market remains stable, with a 94.6% occupancy rate and rents increasing by 2.8% year-over-year. Subsidized housing offers landlords reliable, government-backed income and reduced vacancy risks, making it especially attractive in markets with persistent affordable housing shortages. This combination of consistent demand, lower entry costs, and social impact makes subsidized housing in Cincinnati a smart and sustainable investment.
PROPERTY FACTS
| Price | $1,175,000 | Building Class | C |
| Price Per Unit | $90,385 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 10,254 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.95/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMX, Cincinnati | ||
| Price | $1,175,000 |
| Price Per Unit | $90,385 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 10,254 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | RMX, Cincinnati |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 759 |
| 2+1 | 12 | - | 732 - 759 |
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PROPERTY TAXES
| Parcel Number | 179-0077-0258 | Improvements Assessment | $124,124 |
| Land Assessment | $23,660 | Total Assessment | $147,784 |
PROPERTY TAXES
Parcel Number
179-0077-0258
Land Assessment
$23,660
Improvements Assessment
$124,124
Total Assessment
$147,784
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13-Unit Multifamily Property | For Sale | 1226-1230 Rutledge Ave
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