6011 Vine St Cincinnati, OH 45216
Estimated payment $2,400/month
Highlights
- No HOA
- Forced Air Heating System
- 3-minute walk to Elmwood Playground
About This Home
This fully rented mixed-use property in Elmwood Place features 10+% CAP RATE with a large retail space on the first level with 3 residential apartments above. With B-2 zoning and a diversified unit mix, this property is a money maker! The new lessee in the commercial space is an established nail salon having just relocated to this building. The apartments on the upper level have many updates and offer a solid income stream. The large basement with private owner access allows for storage or consider renting to tenants and other consumers. The apartment units have a great mix with 1 efficiency, 1 two bed and 1 three bed unit, all with solid rents. Tenants pay separate utilities including heat while the owner is responsible for water. Start cash flow on day one of your ownership with this solid investment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,854
Year Built
- Built in 1920
Lot Details
- 3,136 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Stone Foundation
- Membrane Roofing
Interior Spaces
- 5,343 Sq Ft Home
- 2-Story Property
- Double Hung Windows
- Basement Fills Entire Space Under The House
Parking
- Public Parking
- On-Street Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- No Home Owners Association
Building Details
- Insurance Expense $3,000
- Maintenance Expense $500
- Water Sewer Expense $2,400
- Gross Income $55,740
- Net Operating Income $40,197
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 |
|---|---|---|---|---|
| 2024 | $6,863 | $77,000 | $3,997 | $73,003 |
| 2023 | $6,976 | $77,000 | $3,997 | $73,003 |
| 2022 | $2,629 | $23,143 | $3,056 | $20,087 |
| 2021 | $2,414 | $23,143 | $3,056 | $20,087 |
| 2020 | $2,338 | $23,143 | $3,056 | $20,087 |
| 2019 | $2,426 | $22,470 | $2,968 | $19,502 |
| 2018 | $2,458 | $22,470 | $2,968 | $19,502 |
| 2017 | $2,353 | $22,470 | $2,968 | $19,502 |
| 2016 | $2,472 | $24,098 | $3,175 | $20,923 |
| 2015 | $2,342 | $24,098 | $3,175 | $20,923 |
| 2014 | $2,321 | $24,098 | $3,175 | $20,923 |
| 2013 | $2,368 | $25,103 | $3,308 | $21,795 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | Price Changed | $350,000 | -5.4% | $66 / Sq Ft |
| 06/23/2025 06/23/25 | For Sale | $370,000 | 0.0% | $69 / Sq Ft |
| 06/11/2025 06/11/25 | Pending | -- | -- | -- |
| 05/12/2025 05/12/25 | Price Changed | $370,000 | -3.9% | $69 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $385,000 | -- | $72 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | None Listed On Document | |
| Warranty Deed | $250,000 | None Listed On Document | |
| Warranty Deed | $180,000 | None Listed On Document | |
| Warranty Deed | $180,000 | None Listed On Document | |
| Warranty Deed | $220,000 | None Listed On Document | |
| Deed | $160,000 | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $150,000 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | New Conventional | |
| Closed | $160,000 | New Conventional | |
| Previous Owner | $165,000 | Balloon | |
| Previous Owner | -- | No Value Available |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1838775
APN: 661-0001-0204
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