9481 Reading Rd Cincinnati, OH 45215
Estimated payment $4,329/month
Highlights
- No HOA
- Attached Garage
- Hot Water Heating System
About This Home
9481 Reading Rd. is a 10-unit multifamily asset located in the desirable Reading neighborhood of Cincinnati. The property features a unit mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms, catering to a wide range of renters. Heating is provided by a central boiler and two furnaces, all paid by the owner, offering a clear opportunity to improve operating expenses. This opportunity presents multiple value-add angles, including rent increases, implementing RUBS, and separately metering the furnaces to shift utility costs to tenants. At $65,000 per door, the property is competitively priced with operational upside. 9481 Reading Rd. is ideal for investors looking to grow their portfolio in a strong rental submarket with reliable tenant demand.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,746
Year Built
- Built in 1951
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Parking
- Attached Garage
- 10 Open Parking Spaces
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $650,000 | -3.0% | -- |
| 07/16/2025 07/16/25 | Pending | -- | -- | -- |
| 06/17/2025 06/17/25 | For Sale | $670,000 | +235.0% | -- |
| 11/19/2015 11/19/15 | Off Market | $200,000 | -- | -- |
| 08/19/2015 08/19/15 | Sold | $200,000 | -14.9% | $35 / Sq Ft |
| 07/10/2015 07/10/15 | Pending | -- | -- | -- |
| 05/14/2015 05/14/15 | For Sale | $235,000 | -- | $41 / Sq Ft |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1850272
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