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Four-Unit Quadplex with Laundry
For Sale
$250,000

1161 Groesbeck Road, Cincinnati, OH 45224

Four-unit residential income property with separately metered utilities, replacement windows, and on-site coin-operated laundry.

Property SizeContact for details
Days on Market198

Property Features for 1161 Groesbeck Road

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR/1BA, 1 x efficiency
Multifamily Units 4

Amenities

on-site coin laundry
Electric
Shingle

Building Details

Year Built 1963
Listed By: Denise Gifford · License #2011001564
Source: Kw
Added: Feb 16 Changed: Aug 31 Last Checked: Sep 1 at 3:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Denise Gifford

Investment Insights

Based on property information with market context.

This 1963 quadplex contains three one-bedroom, one-bath apartments and one efficiency unit. Each residence has separate electric forced-air heat, window air conditioning, and a Rheem Professional water heater. Vinyl replacement windows are installed throughout, and residents have access to on-site coin-operated laundry. Units are individually metered, while utilities are included in the current rents for Units 1 and 2.

Capital improvements include a roof replacement completed in 2021 and driveway repaving completed in 2022. The property is located at 1161 Groesbeck Road in Cincinnati, Ohio.

Key Highlights

  • Three 1‑bedroom, 1‑bath units plus one efficiency unit
  • Roof replaced in 2021
  • Driveway repaved in 2022

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Pharmacy Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

379
Businesses Nearby

Demographics for 45224, OH

20,214
Population
9,886
Households
2
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
6.1 sq mi
ZIP Area
3,314
Density / Sq Mi
$57,754
Median Household Income
$39,579
Median Earnings
$895
Median Rent
$174,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit residential income property with separately metered utilities, replacement windows, and on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 1161 Groesbeck Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units plus one efficiency unit; Roof replaced in 2021; Driveway repaved in 2022
More about this property
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