3631 Washington Ave Cincinnati, OH 45229
North Avondale NeighborhoodEstimated payment $2,536/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- 4-minute walk to Fleischmann Gardens
- Walnut Hills High School Rated A+
About This Home
Investors, take a look at this cash flowing 4 unit property! Each unit offers 2 bedrooms and 1 full bathroom, providing a desirable layout for tenants and strong rental potential. The property features a roof that is only 1 year old, offering added peace of mind for ownership. Units 3 and 4 are both leased at $1,300/month and have been completely updated with new flooring, kitchen cabinets, countertops, appliances, and brand new bathrooms. Units 1 and 2 are currently rented for $1,150/month each, generating a total of $4,900 in monthly rental income, or $58,800 annually. With four separate units and separate electricity meters, recent improvements, a newer roof, and established rental income, this property offers an excellent opportunity for investors looking to add a cash flowing multifamily property to their portfolio. Unit 1 is month to month, all other units leases expires in October 2026.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,666
Year Built
- Built in 1961
Lot Details
- 5,706 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
- Membrane Roofing
Interior Spaces
- 2-Story Property
- Insulated Windows
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Community Details
Overview
- No Home Owners Association
Building Details
- Insurance Expense $1,800
- Other Expense $600
- Water Sewer Expense $1,380
- Gross Income $58,800
- Net Operating Income $52,474
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 | $3,667 | $44,464 | $5,880 | $38,584 |
| 2023 | $3,667 | $44,464 | $5,880 | $38,584 |
| 2022 | $2,618 | $28,711 | $5,614 | $23,097 |
| 2021 | $2,567 | $28,711 | $5,614 | $23,097 |
| 2020 | $2,570 | $28,711 | $5,614 | $23,097 |
| 2019 | $2,553 | $26,341 | $5,152 | $21,189 |
| 2018 | $2,554 | $26,341 | $5,152 | $21,189 |
| 2017 | $2,473 | $26,341 | $5,152 | $21,189 |
| 2016 | $1,962 | $20,447 | $5,145 | $15,302 |
| 2015 | $1,803 | $20,447 | $5,145 | $15,302 |
| 2014 | $1,809 | $20,447 | $5,145 | $15,302 |
| 2013 | $1,814 | $20,447 | $5,145 | $15,302 |
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 |
|---|---|---|---|---|
| 08/22/2026 08/22/26 | Pending | -- | -- | -- |
| 08/13/2026 08/13/26 | For Sale | $395,000 | -- | -- |
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 |
|---|---|---|---|
| Corporate Deed | $45,000 | Resource Title Agency Inc | |
| Sheriffs Deed | $50,000 | Resource Title Agency Inc | |
| Warranty Deed | $115,000 | Charter Title Agency | |
| Quit Claim Deed | -- | -- |
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 |
|---|---|---|---|
| Open | $160,000 | Credit Line Revolving | |
| Closed | $92,000 | Commercial | |
| Previous Owner | $109,250 | Commercial |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1890299
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