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2302 Salvador St 6 Unit Apartment Building $675,000 ($112,500/Unit) Cincinnati, OH 45230
Executive Summary
2302 Salvador Street is a 6-unit turnkey multifamily property offered at an 8% cap rate, delivering strong in-place returns from day one. Located on a quiet street in Mt. Washington, one of Cincinnati’s most dependable East Side submarkets, the asset provides consistent performance in a proven rental location. The property features a desirable unit mix of 3 one-bed units, 2 two-bed units, and 1 three-bed, two-bath unit. Apartments are in great condition with updated interiors, supported by boiler heat and wall AC units. Tenants pay separate electric, and RUBS is already implemented to help offset owner utility expenses and improve operational efficiency. With 13 off-street parking spaces in the front and rear of the building, the property offers a strong amenity that supports tenant demand and retention. Backed by a stable tenant base and proven rental history, 2302 Salvador Street presents a reliable, cash-flowing investment in a high-demand Cincinnati submarket.
Property Facts
| Price | $675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 6 | Building Size | 4,350 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1973 |
| Zoning | RM12 | ||
| Price | $675,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,350 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Zoning | RM12 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 001-0005-0042 | Improvements Assessment | $86,660 |
| Land Assessment | $12,600 | Total Assessment | $99,260 |
Property Taxes
Parcel Number
001-0005-0042
Land Assessment
$12,600
Improvements Assessment
$86,660
Total Assessment
$99,260
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2302 Salvador St
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