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2512-2516 Highland Ave
Cincinnati, OH 45219
Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- 24 Units
EXECUTIVE SUMMARY
Court Appointed Receiver Sale – 2512-2518 Highland Ave. Two three-story brick buildings with 24-units. Located just 5 minutes north of downtown Cincinnati with convenient access to I-71. Situated on 0.347 acres offering ample off street parking. Currently 45% occupied, 2512 Highland Avenue offers significant value-add potential through lease-up and rent increases. This property presents a rare opportunity to acquire a well-located multifamily asset at a basis below replacement cost with strong potential for repositioning and long-term appreciation.
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated of the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 1pm ET January 14, 2026
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated of the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Subject to court approval
Winning bidder must wire a ten percent (10%) deposit to escrow holder by 1pm ET January 14, 2026
PROPERTY FACTS
| Price Per Unit | $21,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Sale Condition | Distress Sale | Building Size | 17,600 SF |
| No. Units | 24 | Average Occupancy | 46% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1952 |
| Apartment Style | Low-Rise | Parking Ratio | 1.6/1,000 SF |
| Zoning | OG | ||
| Price Per Unit | $21,875 |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 17,600 SF |
| Average Occupancy | 46% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | OG |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | - | 700 |
| Studios | 3 | - | 600 |
PROPERTY TAXES
| Parcel Number | 092-0001-0024 | Improvements Assessment | $207,508 |
| Land Assessment | $57,120 | Total Assessment | $264,628 |
PROPERTY TAXES
Parcel Number
092-0001-0024
Land Assessment
$57,120
Improvements Assessment
$207,508
Total Assessment
$264,628
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