Introducing a fantastic, 5 unit investment opportunity in the thriving Mt. Auburn area near University of Cincinnati! This multi-family property is a savvy investor's dream, with a potential for substantial value appreciation. Currently offering below-market rents and partially occupied, there is significant room for rental income growth Imagine the cash flow potential as you raise rents to match market rates and enhance the property's appeal through strategic renovations. With an estimated After Repair Value (ARV) of $650,000+/-, this investment promises attractive returns. Being sold as is where is. Whether you're looking to expand your real estate portfolio, secure a steady cash flow, or capitalize on the thriving University community, this property has it all. Owner is a licensed agent in Ohio.
Sold for $230,000 on 12/01/23
$230,000
241 Gilman Ave, Cincinnati, OH 45219
--beds
--baths
3,242sqft
Apartment
Built in 1900
-- sqft lot
$419,000 Zestimate®
$71/sqft
$1,855 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 04, 2024 at 12:15pm
Listed by:
Varun Varma 513-307-3599,
Coldwell Banker Realty 513-321-9944
Bought with:
Robert C Speckert, 2019003755
eXp Realty
Source: Cincy MLS,MLS#: 1787206
Originating MLS: Cincinnati Area Multiple Listing Service

Facts & features
Interior
Heating
- Forced Air
Cooling
- Wall Unit(s)
Features
- Windows: Aluminum Frames
- Basement: Full
Interior area
- Total structure area: 3,242
- Total interior livable area: 3,242 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,229 sqft
- Dimensions: 76 x 86
Details
- Parcel number: 08800070141
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Stucco
- Foundation: Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cincinnati
Other
Other facts
- Listing terms: Cash
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$419,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$419,000