$279,000

5923 E Us Highway 22 and 3 Morrow, OH 45152

Salem Township Neighborhood

Estimated payment $1,689/month

Total Views 84
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.6 Acre Lot
  • Porch
  • Baseboard Heating
  • No HOA
  • 1-Story Property

About This Home

Cash Flowing 5 Unit Investment Property! Each unit has 1 bedroom/1 bath and recently updated. Ample parking, large lot. 4 units occupied. Great investment in a growing area with easy access to major routes. Close to Lebanon and Mason. Turn-key opportunity with immediate income.

Listing Agent

Billie Madden

Keller Williams Pinnacle Group License #2020006384 Listed on: 07/12/2025

Keller Williams Pinnacle Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,780

Year Built

  • Built in 1961

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1-Story Property
  • Vinyl Clad Windows
  • Crawl Space

Parking

  • 7 Open Parking Spaces
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Natural Gas Not Available

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $3,000
  • Maintenance Expense $4,500
  • Water Sewer Expense $1,100
  • Gross Income $40,800
  • Net Operating Income $30,090

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,780

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Suburb: Salem Twp.
  • Cross Street: Salem Road
  • Broker Approved: Yes
  • Cooling: Window Unit
  • Heating: Baseboard
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Salem Twp.
  • Annual Assessment Amount: 0
  • Price Per Acre: 462993.69
  • Zoning: Multi Family,Commercial
  • Year Built: 1961
  • Appliance Include: No
  • Directions: US 22 & 3 & Salem Road, Morrow, OH
  • Lot Measurement: Acres
  • Status: Active
  • Total Units: 5
  • Property Subtype 1: Apartment
  • Street Direction: E
  • Occupancy: At Closing
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Net Operating Income: 30090.00
  • Property Type: Residential Income
  • Heat Paid: Tenant
  • Lease Information: Month to Month
  • Other Features: Corner Lot
  • Other Tax Parcel I D: 1301477010
  • Reciprocal Listing: No
  • Semi Annual Taxes: $890
  • Waste Removal: 330.00
  • Water Paid: Owner
  • Basement: Crawl
  • Levels: One
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Windows: Vinyl
  • One Bedroom Number of Units: 5

Exterior Features

  • Roof: Shingle
  • Construction: Aluminum Siding, Brick
  • Outside Features: Porch
  • Foundation: Block
  • Listing Price: 279000.00
  • Acres: 0.6026
  • New Construction: No

Garage/Parking

  • Garage: None
  • Parking Spaces: 7
  • Parking: Private, Gravel

Utilities

  • Gas: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Water and Sewer: 1100.00

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service
  • Maintenance: 4500.00

Fee Information

  • Taxes: 1780

Schools

  • District: Little Miami Local S

Lot Info

  • Lot Size Sq Ft: 26249.00

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 40800.00
  • Total Buildings: 1
  • Insurance: 3000.00

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
07/12/2025 07/12/25 For Sale $279,000 -- --
Source: MLS of Greater Cincinnati (CincyMLS)

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1847832

MLS of Greater Cincinnati (CincyMLS)

Ohio Warren County Morrow 45152 Salem Township

5923 E Us Highway 22 and 3, Morrow, OH

This home is located at 5923 E Us Highway 22 and 3, Morrow, OH 45152 and is currently priced at $279,000. This property was built in 1961. 5923 E Us Highway 22 and 3 is a home located in Warren County with nearby schools including Little Miami High School.

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Billie Madden
Listing Agent
Billie Madden
Section Image
Keller Williams Pinnacle Group
(513) 966-5923