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2035 Elm St 4 Unit Apartment Building $300,000 ($75,000/Unit) Cincinnati, OH 45202
Executive Summary
Located at 2035 Elm Street in the heart of Over-the-Rhine, this three-story apartment building with an additional loft presents a prime value-add investment opportunity in one of Cincinnati’s most sought-after urban neighborhoods. Surrounded by ongoing redevelopment, vibrant nightlife, restaurants, and walkable amenities, this property is ideally positioned for long-term appreciation and strong rental demand.
The building features multiple studio units, each approximately 375 square feet, offering efficient layouts well-suited for urban living. The structure also includes a loft space that provides additional upside potential—ideal for conversion into an additional unit, short-term rental, or unique owner-occupied space.
All units require renovation, making this a perfect opportunity for an investor or developer to execute a full repositioning strategy. With the right upgrades—modern finishes, updated kitchens and baths, and improved common areas—this asset can be transformed into a high-performing rental property aligned with the strong demand for updated studio apartments in OTR.
Key highlights include:
Prime OTR location with strong rental comps and walkability
3-story building with additional loft space
Multiple 375 SF studio units with efficient layouts
Full value-add opportunity through renovation
Potential for increased rents and forced appreciation
This is an ideal project for investors looking to capitalize on Cincinnati’s continued urban growth and the ongoing revitalization of Over-the-Rhine.
The building features multiple studio units, each approximately 375 square feet, offering efficient layouts well-suited for urban living. The structure also includes a loft space that provides additional upside potential—ideal for conversion into an additional unit, short-term rental, or unique owner-occupied space.
All units require renovation, making this a perfect opportunity for an investor or developer to execute a full repositioning strategy. With the right upgrades—modern finishes, updated kitchens and baths, and improved common areas—this asset can be transformed into a high-performing rental property aligned with the strong demand for updated studio apartments in OTR.
Key highlights include:
Prime OTR location with strong rental comps and walkability
3-story building with additional loft space
Multiple 375 SF studio units with efficient layouts
Full value-add opportunity through renovation
Potential for increased rents and forced appreciation
This is an ideal project for investors looking to capitalize on Cincinnati’s continued urban growth and the ongoing revitalization of Over-the-Rhine.
Property Facts
| Price | $300,000 | Building Class | C |
| Price Per Unit | $75,000 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1873 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise |
| Price | $300,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,000 SF |
| No. Stories | 4 |
| Year Built | 1873 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 096-0005-0159 | Improvements Assessment | $48,703 |
| Land Assessment | $12,198 | Total Assessment | $60,901 |
Property Taxes
Parcel Number
096-0005-0159
Land Assessment
$12,198
Improvements Assessment
$48,703
Total Assessment
$60,901
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Presented by
W. Samaan Commercial Group
2035 Elm St
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