NOT LISTED FOR SALE
Studio
-- Baths
-- Sq Ft
5,968 Sq Ft Lot

Sale Details

Date Sold: April 30, 2026

Last sale price $647,000

69 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Coin Laundry

About This Home

As of April 2026

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.

Last Agent to Sell the Property

Shelby Kring

Agora Realty Group License #2021009001 Listed on: 12/31/2025

Last Buyer's Agent

Jordan Fiore

eXp Realty License #2017004334

eXp Realty
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,396

Year Built

  • Built in 1955

Lot Details

  • 5,968

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,396

Year Built

Built in 1955

Lot Details

5,968 Sq Ft Lot

Listing Details

  • Suburb: Norwood
  • Broker Approved: Yes
  • Miscellaneous: Coin Laundry
  • Census Tract Realist: 252.00
  • Cooling: None
  • Heating: Forced Air, Gas
  • Lot Area Realist: 5968.00
  • Suburb S I C: Norwood
  • Year Built: 1955
  • Separate Gas Elect: Yes
  • Directions: Norwood lateral to exit 2. R onto Reading Rd. Left onto Tennessee Ave.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 8
  • Property Subtype 1: Apartment
  • Occupancy: Tenant Right
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 51342.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Gasand Electric: 1285.00
  • Heat Paid: Tenant
  • Reciprocal Listing: No
  • Semi Annual Taxes: $4698
  • Waste Removal: 338.00
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Windows: Vinyl
  • One Bedroom Number of Units: 8

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 650000.00
  • Acres: 0.1370
  • 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: 7577.00

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 8448.00

Fee Information

  • Taxes: 9396

Schools

  • District: Norwood City SD

Lot Info

  • Lot Size Sq Ft: 5968.00

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 87820.00
  • Total Buildings: 1
  • Insurance: 4000.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Jan 9, 2019
Sold by
Dcd Montgomery Llc
Bought by
Seller's Agent
Zamaris Garcia
OnSite Retail Group, LLC
Buyer's Agent
Not Member
NOTCINCYMEM
List Price
$350,000
Sold Price
$245,000
Premium/Discount to List
-$105,000
-30%

Purchase Details

Closed on
Jan 5, 2016
Sold by
Pagos Properties Ii Llc
Bought by
Dcd Montgomery Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2012
Sold by
Pagos Properties Llc
Bought by
Pagos Properties Ii

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2006
Sold by
Romlein Andrew and Romlein Michelle
Bought by
Pagos Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2005
Sold by
Powell Jeffrey D and Powell Cynthia L
Bought by
Romlein Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1997
Sold by
Payne Jean
Bought by
Uhlhorn Michael C
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$245,000 None Available
Dcd Montgomery Llc $213,000 --
Pagos Properties Ii $160,000 Attorney
Pagos Properties Llc $230,000 None Available
Romlein Andrew -- None Available
Uhlhorn Michael C $129,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $317,000
Closed D & M Company Llc $171,500
Previous Owner Dcd Montgomery Llc $164,000
Previous Owner Pagos Properties Ii $128,000
Previous Owner Pagos Properties Llc $184,000
Previous Owner Romlein Andrew $160,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2026 04/30/26 Sold $647,000 -0.5% --
03/10/2026 03/10/26 Pending -- -- --
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)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1864889

MLS of Greater Cincinnati (CincyMLS)
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