Multifamily Investment Opportunity in Cincinnati

1226 Rutledge Ave, Cincinnati, OH 45205

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For Sale

$1,175,000

Well-maintained 13-unit property in West Price Hill neighborhood.

Type:Multifamily

Property size:

10,254 SF

Price / SF:

$114/SF

We can help!

Contact an agent

Tryfon Christoforou

Real Estate License ID: SAL.2014001869

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
Government‑backed rental income reduces vacancy risks
Convenient location: 4 miles from downtown with access to major roadways and public transportation
Each tenant has separate storage

For Sale

$1,175,000

Well-maintained 13-unit property in West Price Hill neighborhood.

Type:Multifamily

Property size:

10,254 SF

Price / SF:

$114/SF

Added:: Nov 21, 2025
Days on Market:: 228
Last Refresh:: May 19 at 10:30 pm

Property Features for 1226 Rutledge Ave

General Information

Standard status: Active
Size: 10,254 SF
Property subtype: Multifamily

Building Details

Year Built: 1926

We can help!

Contact an agent

Tryfon Christoforou

Listing office 3CRE Advisors, LLC - corporate

Listing date Nov 21, 2025

Source 3cre

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 Advisors, LLC - corporate

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
Government‑backed rental income reduces vacancy risks
Convenient location: 4 miles from downtown with access to major roadways and public transportation
Each tenant has separate storage

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$146.4k	$14.28
− Vacancy	−$7.9k	−$0.77
EGI	$138.5k	$13.51
− OpEx	−$62.3k	−$6.08
NOI	$76.2k	$7.43

10,254 SF · lease $14.28/SF/yr · vacancy 5.40% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.09M

$952.3K – $1.27M (±1% cap)

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 (±1% cap)

NOI $142,684 @ 7.0% cap · market cap 12.14%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Bouijeya modeling agency Marketing & Advertising

Suggested Use

Location Insight

Map
Local Demand

City: Cincinnati
County: Clermont
State: Ohio
Longitude: -84.5873
Latitude: 39.1143

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For sale
Apartment buildings
OH
Cincinnati
45205
1226 Rutledge Ave

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