58 Gorman Ln Cincinnati, OH 45215
Estimated payment $2,247/month
Highlights
- No HOA
- Storage
- Coin Laundry
- Attached Garage
- Hot Water Heating System
About This Home
Fully leased 4-unit all brick building generating $3,325/mo, with an upside potential of $3700+. Features ample off-street parking, on-site storage, and vendor-managed coin laundry. Recently renovated units boast hardwood / premium vinyl plank floors, updated counters, cabinets, and baths. Tenants pay electric and cooking gas. Owner pays central heat, water, and trash (total $484/mo on average). Unit A (2BR): $1025 month-to-month. Unit B (Studio): $600 long-term tenant thru 9/30/26. Unit C (2BR): $1000 thru 10/8/26. Unit D (Studio): $700 thru 3/20/27. Rents are below market. All appliances stay. Great investment opportunity with instant and long-term potential! See pdf file for a list of major repairs.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,708
Year Built
- Built in 1942
Lot Details
- 6,316 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Block Foundation
- Shingle Roof
Interior Spaces
- 2-Story Property
- Vinyl Clad Windows
- Storage
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Parking
- Attached Garage
- 4 Open Parking Spaces
- Off-Street Parking
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- Radiant Heating System
- Hot Water Heating System
- Cable TV Available
Community Details
Building Details
- Other Expense $56
- Water Sewer Expense $203
- Gross Income $3,325
Additional Features
- No Home Owners Association
- Coin Laundry
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 | $4,709 | $56,361 | $9,240 | $47,121 |
| 2023 | $4,708 | $56,361 | $9,240 | $47,121 |
| 2022 | $2,162 | $22,299 | $8,904 | $13,395 |
| 2021 | $1,946 | $22,299 | $8,904 | $13,395 |
| 2020 | $1,928 | $22,299 | $8,904 | $13,395 |
| 2019 | $1,945 | $21,035 | $8,400 | $12,635 |
| 2018 | $1,952 | $21,035 | $8,400 | $12,635 |
| 2017 | $1,901 | $21,035 | $8,400 | $12,635 |
| 2016 | $1,744 | $19,250 | $12,600 | $6,650 |
| 2015 | $1,732 | $19,250 | $12,600 | $6,650 |
| 2014 | $1,580 | $19,250 | $12,600 | $6,650 |
| 2013 | $1,556 | $19,250 | $12,600 | $6,650 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/10/2026 04/10/26 | For Sale | $349,900 | +536.2% | -- | |
| 06/26/2013 06/26/13 | Off Market | $55,000 | -- | -- | |
| 03/25/2013 03/25/13 | Sold | $55,000 | +10.0% | -- | View Prior Sale |
| 02/11/2013 02/11/13 | Pending | -- | -- | -- | |
| 01/23/2013 01/23/13 | For Sale | $50,000 | -- | -- |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1874360
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