2432 Robertson Ave Cincinnati, OH 45212
Estimated payment $2,223/month
Highlights
- No HOA
- Forced Air Heating System
- 1-minute walk to Dorl Field
- Detached Garage
About This Home
Fully leased multifamily investment opportunity in Norwood generating $4,555 in monthly rental income. This property includes 5 updated efficiency units and a leased detached garage. Based on current income and expenses, the property offers an approximate 9% cap rate at the list price, making it an attractive option for investors seeking solid returns. Conveniently located just minutes from Factory 52, major employers, dining, and entertainment, this property benefits from a highly desirable and growing area. A great opportunity for investors seeking in-place income with upside potential in a prime Norwood location.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,194
Year Built
- Built in 1905
Home Design
- Brick Exterior Construction
- Block Foundation
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,285 Sq Ft Home
- 3-Story Property
- Vinyl Clad Windows
- Insulated Windows
- Basement Fills Entire Space Under The House
Parking
- Detached Garage
- Driveway
- On-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- No Home Owners Association
Building Details
- Insurance Expense $3,200
- Maintenance Expense $2,918
- Water Sewer Expense $2,607
- Gross Income $54,660
- Net Operating Income $37,385
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 | $4,236 | $61,205 | $10,640 | $50,565 |
| 2024 | $4,222 | $61,205 | $10,640 | $50,565 |
| 2023 | $4,235 | $61,205 | $10,640 | $50,565 |
| 2022 | $3,674 | $46,376 | $10,231 | $36,145 |
| 2021 | $3,642 | $46,376 | $10,231 | $36,145 |
| 2020 | $3,496 | $46,376 | $10,231 | $36,145 |
| 2019 | $3,757 | $46,375 | $8,820 | $37,555 |
| 2018 | $1,470 | $17,966 | $8,820 | $9,146 |
| 2017 | $1,437 | $17,966 | $8,820 | $9,146 |
| 2016 | $1,552 | $18,193 | $8,113 | $10,080 |
| 2015 | $1,402 | $18,193 | $8,113 | $10,080 |
| 2014 | $1,403 | $18,193 | $8,113 | $10,080 |
| 2013 | $1,434 | $19,775 | $8,820 | $10,955 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | Pending | -- | -- | -- | |
| 02/28/2026 02/28/26 | Price Changed | $360,000 | -3.7% | $158 / Sq Ft | |
| 02/10/2026 02/10/26 | Price Changed | $374,000 | -0.3% | $164 / Sq Ft | |
| 01/20/2026 01/20/26 | Price Changed | $375,000 | -6.0% | $164 / Sq Ft | |
| 01/12/2026 01/12/26 | Price Changed | $399,000 | -3.9% | $175 / Sq Ft | |
| 12/31/2025 12/31/25 | For Sale | $415,000 | +213.2% | $182 / Sq Ft | |
| 02/28/2019 02/28/19 | Off Market | $132,500 | -- | -- | |
| 11/30/2018 11/30/18 | Sold | $132,500 | -16.7% | $58 / Sq Ft | View Prior Sale |
| 10/22/2018 10/22/18 | Pending | -- | -- | -- | |
| 10/12/2018 10/12/18 | For Sale | $159,000 | 0.0% | $70 / Sq Ft | |
| 10/03/2018 10/03/18 | Pending | -- | -- | -- | |
| 09/28/2018 09/28/18 | For Sale | $159,000 | -- | $70 / Sq Ft |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1864756
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