Multifamily Investment Opportunity in
For Sale
$1,175,000
1226 Rutledge Ave, Cincinnati, OH 45205
Well-maintained 13-unit property in West Price Hill neighborhood.
Property Size10,254 SF
Price / SF$114.59
Days on Market319
Property Features for 1226 Rutledge Ave
General Information
Standard status
Active
Size
10,254 SF
Property subtype
Multifamily
Building Details
Building Size
10,254 SF
Year Built
1926
Listing Agency:
3CRE Columbus
Listed By:
Tryfon Christoforou · License #SAL.2014001869
(513) 490-6881
Source:
3cre
Added: Nov 21, 2025
Changed: Sep 23
Last Checked: Oct 5 at 3:03PM
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 3CRE Columbus
Investment Insights
Based on property information with market context.
This multifamily property at 1226 Rutledge Avenue, Cincinnati, OH 45205, features 13 units, including one one-bedroom and twelve two-bedroom units. Each tenant has separate storage. The property is in the West Price Hill neighborhood, a residential area known for its affordability, community feel, and proximity to downtown Cincinnati. Located four miles from the city center, it offers convenient access to major roadways, public transportation, and everyday amenities. Residents benefit from nearby retail centers like Glenway Crossing, as well as outdoor recreation at Rapid Run Park and Mount Echo Park. The area has a strong rental base, with consistent demand for affordable and Section 8 housing. The location combines accessibility, stability, and growth potential, making it suitable for long-term multifamily investment. Investing in subsidized housing in Cincinnati is a strategic opportunity due to the city’s strong rental demand, government-backed rental income, and rising market potential. As of late 2024, Cincinnati’s rental market remains stable, with a 94.6% occupancy rate and rents increasing by 2.8% year-over-year. Subsidized housing offers landlords reliable, government-backed income and reduced vacancy risks, making it attractive in markets with persistent affordable housing shortages. The property size is 10254 square feet.
Key Highlights
- 13‑unit multifamily property in West Price Hill, Cincinnati
- Strong rental demand and 94.6% occupancy rate in Cincinnati
- Consistent demand for affordable and Section 8 housing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,186
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,720
$1.5M
Cap Rate 7%
$1,088,371
$1.1M
Cap Rate 9%
$846,511
$846.5K
Market Conditions
NOI Build-Up for 10,254 SF
Gross rent
$146.4K $14.28/SF
− Vacancy
−$7.9K −$0.77/SF
EGI
$138.5K $13.51/SF
− OpEx
−$62.3K −$6.08/SF
NOI
$76.2K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,523,720
Cap Rate 7%
$1,088,371
Cap Rate 9%
$846,511
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$952.3K – $1.27M
NOI $76,186 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,684 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 45205, OH
19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 13-unit property in West Price Hill neighborhood.
Where is this apartment building located?
The property is located at 1226 Rutledge Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 13‑unit multifamily property in West Price Hill, Cincinnati; Strong rental demand and 94.6% occupancy rate in Cincinnati; Consistent demand for affordable and Section 8 housing
