2335 May St Cincinnati, OH 45206
Walnut Hills NeighborhoodEstimated payment $6,224/month
Highlights
- No HOA
- Walnut Hills High School Rated A+
- Coin Laundry
About This Home
Exceptional investment opportunity in the heart of Walnut Hills! This stately Victorian 8-unit multifamily property offers a highly desirable unit mix of one-, two-, three-, and four-bedroom apartments, appealing to a broad tenant base. Currently 75% occupied, the property generates approximately $111,000 in annual gross income. Six of the eight units were thoughtfully renovated in 2022, minimizing near-term capital expenditures while enhancing rental appeal. Benefit from a valuable TIF tax abatement through 2032, providing significant long-term savings and improved cash flow. A turnkey, income-producing asset in one of Cincinnati's most sought-after and rapidly appreciating neighborhoods.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,392
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Stone Foundation
- Membrane Roofing
Interior Spaces
- 3-Story Property
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
Home Security
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Separate Meters
Community Details
Building Details
- Insurance Expense $5,815
- Maintenance Expense $37,300
- Other Expense $7,461
- Gross Income $115,000
- Net Operating Income $48,956
Additional Features
- No Home Owners Association
- Coin Laundry
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,393 | $40,377 | $4,190 | $36,187 |
| 2024 | $3,521 | $40,377 | $4,190 | $36,187 |
| 2023 | $3,362 | $40,377 | $4,190 | $36,187 |
| 2022 | $3,377 | $35,099 | $4,043 | $31,056 |
| 2021 | $3,379 | $35,099 | $4,043 | $31,056 |
| 2020 | $3,160 | $35,099 | $4,043 | $31,056 |
| 2019 | $3,139 | $32,200 | $3,710 | $28,490 |
| 2018 | $3,140 | $32,200 | $3,710 | $28,490 |
| 2017 | $3,039 | $32,200 | $3,710 | $28,490 |
| 2016 | $3,011 | $31,256 | $3,693 | $27,563 |
| 2015 | $2,768 | $31,256 | $3,693 | $27,563 |
| 2014 | $2,778 | $31,256 | $3,693 | $27,563 |
| 2013 | $2,960 | $33,250 | $3,927 | $29,323 |
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 |
|---|---|---|---|---|
| 07/11/2026 07/11/26 | For Sale | $1,100,000 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Dressman Benzinger Lavalle Psc | |
| Warranty Deed | $920 | Parkway Title Llc | |
| Warranty Deed | $95,000 | Attorney | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $66,500 | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $550,000 | Credit Line Revolving | |
| Closed | $197,000 | New Conventional | |
| Closed | $74,400 | Future Advance Clause Open End Mortgage | |
| Closed | $76,000 | Future Advance Clause Open End Mortgage | |
| Closed | $72,500 | Commercial |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1886637
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