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2035 Elm St 4 Unit Apartment Building $300,000 ($75,000/Unit) Cincinnati, OH 45202
Investment Highlights
- Full value-add opportunity through renovation
- Multiple 375 SF studio units with efficient layouts
- Prime OTR location with strong rental comps and walkability
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.
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.
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 | ||
| Zoning | UM | ||
| 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 |
| Zoning | UM |
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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2035 Elm St