Norwood–Cheviot Mixed-Use Portfolio 3 Properties Offered at $1,650,000 in Multiple Locations

Note: LoopNet auto-displays this as 3 properties, but this is a 5-property mixed-use portfolio: (12) Multifamily doors plus (1) freestanding commercial building.
This 5-property high-performing portfolio was previously under contract. Unfortunately, a personal situation involving a partner’s sudden passing disrupted closing.
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Verified 2025 NOI: $314,445
List Price: $1,750,000
Cap Rate: 17.97%
Includes bar pacing $346K + rent increases on 4BR and SFR scheduled for completion by September.
Operating expenses verified from historicals.
All documented with ledgers, taxes, and Schedule E
Current seller is mid-renovation on two units to boost cash flow. Buy now or let them finish and raise rents — either way, you win.
Bar pacing $346,000 gross (up from $257K)
– Based on Jan–May 2025 actuals
Rent increase of +$500/mo on the 4BR — Allison Ave.
– Already being renovated
– Targeted to hit by 8/1
Rent increase of +$300/mo on the SFR — Elm
– Scheduled by 9/1
2024 bar tax returns filed at $257K gross — but bar is already pacing $346K+ this year
15-year operational history with loyal staff in place — buyer just takes over the system
Salon wall can be knocked down to expand bar seating and boost revenue
Multifamily + commercial (bar + salon) — every piece has value-add potential
(1) 7-unit– 2350 Norwood Ave
(2) Duplexes– 4639 & 4641 Allison Ave
(1) Single-family (Norwood)– 1963 Elm Ave
(1) Bar/Salon commercial building (Cheviot)– 5963 Cheviot
Multifamily Upside Across the Board
7-unit, two duplexes, and one single-family — all located in Norwood, a strong rental submarket of Cincinnati. None of the units are currently at market rent, offering immediate value-add potential through simple adjustments. Clean buildings with long-term tenants and upside baked in across the entire residential package.
Please note: 4639 Allison and 1963 Elm are on the same parcel and appear under a single tax record on the auditor site. This is by design and has been maintained by the current owner for many years.
The properties do not need to be split, and there are no title or zoning issues. When viewing aerial imagery or parcel maps, you will see both 4639 Allison and 1963 Elm associated with the same tax ID.

• Commercial Building – 5963 Cheviot
Bar has operated successfully for over 15 years with a loyal, working-class neighborhood crowd. No kitchen — just consistent weekly traffic, darts, pool, and steady bar income. A true staple in the area with low turnover and simple operations.

The OM includes full financials: verified NOI, tax returns, bar income pacing $346K+, rent roll, and expense docs.