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Investment Highlights

  • Value add
  • High cap rate
  • Affordable housing, workforce housing

Executive Summary

Serenity at High Point is a 66-unit multifamily investment property in Cincinnati, Ohio, offered For Sale by Owner at $4,300,000. This well-positioned workforce housing community offers the potential to generate approximately $712,000 in annual gross revenue, providing an attractive opportunity for investors seeking a sizable, income-producing multifamily asset at an affordable basis. The property consists of six buildings on approximately 3.04 acres and features 66 one-bedroom apartments, with 60 units renovated in 2022–2023. Located in Cincinnati's Mt. Airy neighborhood with convenient access to major highways, Downtown Cincinnati, employment centers, healthcare, shopping and public transportation, the property serves the strong demand for affordable market-rate workforce housing. Additional upside exists through continued rent growth and potential ancillary income from parking and storage. For Sale by Owner. No seller financing available. Qualified and serious buyers are encouraged to contact the owner's assistant for additional information, financials, rent roll and property details.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $4,300,000
Price Per Unit $65,152
Sale Type Investment
Cap Rate 8.29%
No. Units 66
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 3.04 AC
Building Size 57,196 SF
No. Stories 3
Year Built/Renovated 1965/2023
Parking Ratio 1.57/1,000 SF
Zoning RM-2.0

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Storage Space
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 66 - 600
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 228-0003-0226
  • 228-0003-0227
Land Assessment
$88,936 (2025)
Improvements Assessment
$334,436 (2025)
Total Assessment
$423,372 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 41791054

  • Date on Market: 8/18/2026

  • Last Updated:

  • Address: 5474-5484 Bahama Ter, Cincinnati, OH 45223

Contact the Sale Advisor

Serenity at High Points | 5474-5484 Bahama Ter

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