6605 Hasler Ln 10 Unit Apartment Building $849,000 ($84,900/Unit) 8.87% Cap Rate Cincinnati, OH 45216

10-unit multifamily investment opportunity located at 6603–6605 Hasler Lane in Cincinnati, Ohio. This well-positioned asset consists of ten one-bedroom apartments across two solid brick buildings. The property sits in a quiet, high-demand rental corridor with easy access to I-75, major employers, and nearby retail. The area continues to see strong rental absorption and consistent tenant demand, making this an excellent addition to any growing investment portfolio.
Recent updates have been completed, allowing the next owner to step into a clean and stable operation. Current gross income is approximately $118,000 annually with projected growth to $126,960 within the next 12 months. Several leases are maturing, creating a natural opportunity to adjust rents to market and implement RUBS (Ratio Utility Billing System) for added income and operational efficiency.
Each unit is separately metered for gas and electric, providing a low-maintenance ownership experience. Tenants enjoy functional floor plans, private entrances, and off-street parking. Deferred maintenance is minimal, with roofs, mechanicals, and structures all in sound condition. Interiors range from modernized units to those with light cosmetic potential, giving investors flexibility to achieve market rent through simple upgrades.
The Hasler Lane property performs well as-is and presents clear upside for investors looking for stable cash flow, appreciation potential, and tax advantages through residential multifamily ownership. Cincinnati continues to rank among the Midwest’s strongest rental markets with low vacancy, strong job growth, and affordable housing demand. This property offers the perfect blend of immediate income and long-term scalability for portfolio builders.
Highlights:
• Ten one-bedroom apartments with consistent occupancy
• Current gross income: $118,000 | Projected 12-month income: $126,960
• Recent updates completed, minimal deferred maintenance
• RUBS system ready for rollout as leases renew
• Separately metered utilities and off-street parking
• Quiet residential location with proximity to I-75 and major employers
• High demand rental market with long-term stability and growth
Represented by Team Jackson Real Estate, powered by Keller Williams Seven Hills Realty. Team Jackson specializes in investment real estate across Greater Cincinnati and Southwest Ohio, helping investors identify, acquire, and optimize multifamily assets. For financials, rent roll, or a private showing, contact Team Jackson or visit teamjackson.kw.com.