$650,000

9481 Reading Rd Cincinnati, OH 45215

Estimated payment $4,486/month

Total Views 948
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Attached Garage
  • Heating System Uses Steam

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.

Listing Agent

Andrew Kroeger

Keller Williams Advisors License #2022007696 Listed on: 08/01/2025

Keller Williams Advisors

Co-Listing Agent

Adam Curry

Keller Williams Advisors License #2014003970

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

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • No Home Owners Association

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,746

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Suburb: Reading
  • Broker Approved: Yes
  • Census Tract Realist: 232.10
  • Cooling: Wall Unit
  • Heating: Gas, Hot Water
  • Lot Area Realist: 10106.00
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00
  • Suburb S I C: Reading
  • Annual Assessment Amount: of record
  • Price Per Acre: 2801724.14
  • Year Built: 1951
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Separate Air Cond: Yes
  • Directions: Cooper Rd - L on Shelly - L on Reading Rd - Property is on the right
  • Lot Measurement: Acres
  • Status: Active
  • Total Units: 10
  • Property Subtype 1: Apartment
  • Occupancy: At Closing
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Property Type: Residential Income
  • Separate Furnace: No
  • Heat Paid: Owner
  • Reciprocal Listing: No
  • Semi Annual Taxes: $5373
  • Water Paid: Owner
  • Basement: Full
  • Levels: Two
  • Zero Selling Price: No
  • Fireplace: None
  • Available for Lease: No
  • Windows: Aluminum
  • One Bedroom Number of Units: 2
  • Two Bedroom Units: 2

Exterior Features

  • Roof: Shingle
  • Construction: Brick
  • Foundation: Poured
  • Listing Price: 650000.00
  • Acres: 0.2320
  • New Construction: No

Garage/Parking

  • Garage: Built in
  • Parking Spaces: 10
  • Parking: Lot, Private

Utilities

  • Gas: Natural
  • Sewer: Public Sewer
  • Water Source: Public
  • Separate Gas/Elec: Yes

Condo/Co-op/Association

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

Fee Information

  • Taxes: 10747

Schools

  • District: Reading Community Ci

Lot Info

  • Lot Size Sq Ft: 10106.00

Rental Info

  • Sub Lease: No

Multi Family

  • Efficiency Units: 6
  • Total Buildings: 1

Map

Range of Values:

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Average Value
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Sold Price
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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
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)

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Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1850272

MLS of Greater Cincinnati (CincyMLS)