$725,000
$25K PRICE DROP

Estimated payment $4,781/month

Total Views 2,237
-- Bed
-- Bath
3,986 Sq Ft
$182 Price per Sq Ft

Highlights

  • No HOA
  • Central Air
  • 4-minute walk to Ziegler Park
  • Walnut Hills High School Rated A+

About This Home

Introducing a prime multifamily investment opportunity in the heart of Pendleton. This historic 3,986 SF building, part of a sought-after portfolio of 5 buildings, exudes timeless charm. The property features two units. One 3 bed / 2.5 bath unit and one 3 bed / 2 bath unit. The units have separate private entrances. Each unit has a its own furnace, central air unit and separately metered gas & electric. Tenants pay for heat, electric and trash is free as part of the City of Cincinnati's waste removal program. Owner pays water. Built in 1860, the property presents a compelling option for a prospective investor. Zoned RM-1.2 and featuring tenant-paid heat and electric, the potential for a condo conversion adds further value to this already enticing asset. Don't miss the chance to capitalize on this exceptional offering in a coveted location.

Listing Agent

Jennifer Donathan

Keller Williams Advisors License #2004004706 Listed on: 04/15/2025

Keller Williams Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,324

Year Built

  • Built in 1860

Lot Details

  • 2,309 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Membrane Roofing

Interior Spaces

  • 3,986 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas
  • Separate Meters

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,344
  • Water Sewer Expense $1,320
  • Gross Income $48,394
  • Net Operating Income $35,270

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,324

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Suburb: City
  • Cross Street: E. 14th Street
  • Broker Approved: Yes
  • Basement Sq Ft: 1408
  • Census Tract Realist: 11.00
  • Cooling: Central Air
  • Heating: Gas
  • Lot Area Realist: 2309.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: City
  • Annual Assessment Amount: of record
  • Price Per Acre: 13679245.28
  • Year Built: 1860
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Separate Air Cond: Yes
  • Directions: Sycamore Street to E. 14th Street
  • Lot Measurement: Acres
  • Status: Active
  • Total Units: 2
  • Property Subtype 1: Multi Fam 2-4 units
  • Occupancy: Tenant Right
  • Second Floor Area: 2578
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 35270.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Gasand Electric: 1136.00
  • Heat Paid: Tenant
  • Reciprocal Listing: No
  • Semi Annual Taxes: $4662
  • Water Paid: Owner
  • Basement: Full
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 3986.00
  • Windows: Wood
  • Three+ Bedroom Rent: 2500.00
  • Three+ Bedroom Units: 2

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Stone
  • Listing Price: 725000.00
  • Acres: 0.0530
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking: Onstreet

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Separate Gas/Elec: Yes
  • Water and Sewer: 1320.00

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 9324

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Size Sq Ft: 2309.00

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 48394.00
  • Total Buildings: 1
  • Insurance: 1344.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $725,000 -3.3% $182 / Sq Ft
04/17/2025 04/17/25 Off Market $750,000 -- --
04/16/2025 04/16/25 For Sale $750,000 0.0% $188 / Sq Ft
04/15/2025 04/15/25 For Sale $750,000 -- $188 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

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Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1837373

MLS of Greater Cincinnati (CincyMLS)

APN: 075-0001-0141-00