2134 Ross Ave Cincinnati, OH 45212
Estimated payment $4,159/month
Highlights
- No HOA
- Forced Air Heating System
- Coin Laundry
About This Home
Excellent multifamily investment opportunity in Norwood! This professionally managed, fully occupied 8-unit apartment building is located in a high-demand rental market and offers stable in-place income. The property generates $7,115 in gross monthly rental income, exceeding the commonly referenced 1% rule, making it an attractive option for investors focused on cash flow. Most units have been updated with a modern look, appealing to today's renters and supporting strong occupancy. The property features on-site laundry providing additional income, and tenants pay their own gas and electric, helping keep operating expenses low. The building also benefits from a membrane roof that was replaced in 2019, along with various capital improvements over time, including updates to select water heaters and furnaces. Conveniently located near major employers, shopping, dining, and transportation, this well-maintained asset presents a solid opportunity for investors.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,396
Year Built
- Built in 1955
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Poured Concrete
- Membrane Roofing
Interior Spaces
- 2-Story Property
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
Community Details
Building Details
- Insurance Expense $4,000
- Maintenance Expense $8,448
- Water Sewer Expense $7,577
- Gross Income $87,820
- Net Operating Income $51,342
Additional Features
- No Home Owners Association
- Coin Laundry
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 | $9,474 | $137,134 | $21,280 | $115,854 |
| 2024 | $9,442 | $137,134 | $21,280 | $115,854 |
| 2023 | $9,471 | $137,134 | $21,280 | $115,854 |
| 2022 | $6,787 | $85,750 | $20,461 | $65,289 |
| 2021 | $6,735 | $85,750 | $20,461 | $65,289 |
| 2020 | $6,465 | $85,750 | $20,461 | $65,289 |
| 2019 | $6,943 | $85,750 | $17,640 | $68,110 |
| 2018 | $6,064 | $74,550 | $17,640 | $56,910 |
| 2017 | $5,889 | $74,550 | $17,640 | $56,910 |
| 2016 | $4,757 | $56,000 | $17,640 | $38,360 |
| 2015 | $4,317 | $56,000 | $17,640 | $38,360 |
| 2014 | $4,298 | $56,000 | $17,640 | $38,360 |
| 2013 | $4,044 | $56,000 | $17,640 | $38,360 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/23/2026 01/23/26 | Price Changed | $650,000 | -5.7% | -- | |
| 01/12/2026 01/12/26 | Price Changed | $689,000 | -1.6% | -- | |
| 12/31/2025 12/31/25 | For Sale | $700,000 | +185.7% | -- | |
| 04/15/2019 04/15/19 | Off Market | $245,000 | -- | -- | |
| 01/10/2019 01/10/19 | Sold | $245,000 | -30.0% | -- | View Prior Sale |
| 12/13/2018 12/13/18 | Pending | -- | -- | -- | |
| 10/18/2018 10/18/18 | For Sale | $350,000 | -- | -- |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1864889
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