161 E McMicken Ave Cincinnati, OH 45202
Over-The-Rhine NeighborhoodEstimated payment $5,130/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- 3-minute walk to Grant Recreation Area
- Walnut Hills High School Rated A+
About This Home
Turnkey 6-unit multifamily in Cincinnati's Over-the-Rhine with City tax abatement through 2032 (taxes just $1,679/yr). Mix of 3 one-bedroom and 3 studio units. Each unit features separate HVAC, in-unit laundry, and recently renovated. Updated plumbing, electrical, modern interiors, zero deferred maintenance. Hardwired internet system charged back to tenants, security cameras, and ample nearby public parking. Offered at 7.2% cap rate on $8,205/mo current rents. Value-add upside through rent growth as abatement matures and OTR submarket continues to strengthen.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,672
Year Built
- Built in 1885
Home Design
- Brick Exterior Construction
- Stone Foundation
- Membrane Roofing
Interior Spaces
- 3-Story Property
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
Parking
- Public Parking
- On-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Not Available
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,672 | $105,263 | $10,196 | $95,067 |
| 2024 | $1,661 | $105,263 | $10,196 | $95,067 |
| 2023 | $1,657 | $105,263 | $10,196 | $95,067 |
| 2022 | $7,872 | $86,853 | $4,550 | $82,303 |
| 2021 | $1,173 | $13,125 | $4,550 | $8,575 |
| 2020 | $1,174 | $13,125 | $4,550 | $8,575 |
| 2019 | $1,017 | $10,500 | $3,640 | $6,860 |
| 2018 | $1,018 | $10,500 | $3,640 | $6,860 |
| 2017 | $985 | $10,500 | $3,640 | $6,860 |
| 2016 | $402 | $4,169 | $3,171 | $998 |
| 2015 | $369 | $4,169 | $3,171 | $998 |
| 2014 | $371 | $4,169 | $3,171 | $998 |
| 2013 | $379 | $4,253 | $3,234 | $1,019 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/08/2026 04/08/26 | For Sale | $935,000 | +16.9% | -- | |
| 03/10/2025 03/10/25 | Off Market | $800,000 | -- | -- | |
| 02/27/2025 02/27/25 | Sold | $800,000 | -10.6% | -- | View Prior Sale |
| 12/18/2024 12/18/24 | Pending | -- | -- | -- | |
| 11/08/2024 11/08/24 | For Sale | $895,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Fiduciary Deed | -- | None Available | |
| Warranty Deed | $30,000 | -- | |
| Limited Warranty Deed | -- | Attorney | |
| Warranty Deed | $15,500 | None Available | |
| Warranty Deed | $15,500 | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $688,000 | New Conventional | |
| Closed | $688,000 | New Conventional | |
| Previous Owner | $520,000 | Commercial |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1873809
APN: 094-0007-0184
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