$3,500,000
PENDING

5500 Glengate Ln Cincinnati, OH 45212

Estimated payment $20,104/month

Total Views 3,917
-- Bed
-- Bath
66,400 Sq Ft
$53 Price per Sq Ft

Highlights

  • 5.63 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Walnut Hills High School Rated A+

About This Home

Court Appointed Receiver Sale, opportunity to acquire 5500 Glengate Lane. Offers a rare, large-scale value-add multifamily opportunity in Pleasant Ridge, a desirable neighborhood in Cincinnati, OH. This 5.63-acre site consists of seven (7) three-story garden-style buildings totaling 73 units & approximately 66,400 rentable square feet. The unit mix includes 62 two-bedroom & 11 one-bedroom apartments, complemented by 80 on-site parking spaces. Built in 1959, the property features spacious layouts & solid mid-century construction, ideal for interior renovations & exterior enhancements. Currently operating at approximately 25% occupancy, the asset is well-positioned for a full repositioning strategy. Investors can unlock significant upside through strategic upgrades, improved management, & lease-up of the vacant units. Centrally located near I-71 & the growing Pleasant Ridge entertainment district, the property benefits from strong rental demand & long-term growth potential.

Listing Agent

Kurt Polter

Prodigy Properties License #2004005101 Listed on: 07/01/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,404

Year Built

  • Built in 1959

Parking

  • 80 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Membrane Roofing

Interior Spaces

  • 66,400 Sq Ft Home
  • Vinyl Clad Windows

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Pleasant Ridge Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,404

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Suburb: Pleasant Ridge
  • Broker Approved: Yes
  • Census Tract Realist: 57.02
  • Cooling: Central Air
  • Heating: Forced Air
  • Lot Area Realist: 234309.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Pleasant Ridge
  • Annual Assessment Amount: of record
  • Price Per Acre: 621669.63
  • Year Built: 1959
  • Lot Measurement: Acres
  • Status: Pending
  • Total Units: 73
  • Property Subtype 1: Apartment
  • Suburb (SIC): Pleasant Ridge
  • Occupancy: Tenant Right
  • ADU Y/N: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Property Type: Residential Income
  • Other Tax Parcel I D: 121-0002-0161-00, 121-0002-0162-00, 121-002-0067-00
  • Reciprocal Listing: No
  • Semi Annual Taxes: $6202
  • Basement: None
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 66400.00
  • Windows: Vinyl
  • One Bedroom Number of Units: 11
  • Two Bedroom Units: 62

Exterior Features

  • Roof: Membrane
  • Construction: Brick
  • Foundation: Slab
  • Listing Price: 3500000.00
  • Acres: 5.6300
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 80
  • Parking: Lot

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Taxes: 12404

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Size Sq Ft: 245243.00

Rental Info

  • Sub Lease: No

Multi Family

  • Total Buildings: 7

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Pending -- -- --
07/01/2025 07/01/25 For Sale $3,500,000 -- $53 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1846652

MLS of Greater Cincinnati (CincyMLS)

Ohio Hamilton County Cincinnati 45212

5500 Glengate Ln, Cincinnati, OH

This home is located at 5500 Glengate Ln, Cincinnati, OH 45212 and is currently priced at $3,500,000, approximately $52 per square foot. This property was built in 1959. 5500 Glengate Ln is a home located in Hamilton County with nearby schools including Pleasant Ridge Montessori School, Shroder High School, and Clark Montessori High School.

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Nearby Homes
Listing Agent
Kurt Polter
Section Image
Prodigy Properties
(513) 450-8576