Condo-Structured Multifamily
For Sale
Contact for pricing
3840 Applegate Ave, Cincinnati, OH 45211
Condo-structured mid-rise multifamily with 30 units and recently renovated apartments, plus utility recovery and ancillary income opportunities.
Property SizeContact for details
Days on Market116
Property Features for 3840 Applegate Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
30
Listing Agency:
Cincinnati
Listed By:
Marianne Taylor · License #OH: SAL.2019007260; KY: 269023
(513) 562-2200
Source:
Colliers
Added: May 14
Changed: Aug 24
Last Checked: Sep 5 at 3:36AM
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 Cincinnati
Investment Insights
Based on property information with market context.
Dina Towers is a mid-rise, condo-structured multifamily property offering 30 condoized units. The current program includes recently renovated units, positioned to support higher rents relative to unrenovated units per the seller’s remarks. The property also offers operating improvement opportunities, including the ability to increase net operating income by recovering utility expenses currently not billed to residents.
The building is located on Cincinnati’s West Side at 3840 Applegate Ave. In addition to apartment income, the offering references ancillary revenue potential through monetizing storage units and adding a cable and internet program.
Overall, Dina Towers combines condoized unit structure with an established renovation framework and additional on-site income levers identified by the current ownership.
The building is located on Cincinnati’s West Side at 3840 Applegate Ave. In addition to apartment income, the offering references ancillary revenue potential through monetizing storage units and adding a cable and internet program.
Overall, Dina Towers combines condoized unit structure with an established renovation framework and additional on-site income levers identified by the current ownership.
Key Highlights
- Dina Towers is a condo‑structured mid‑rise multifamily building with 30 condoized units in Cincinnati’s West Side submarket
- Includes recently renovated units that are achieving rent premiums compared to unrenovated units
- Opportunity to implement a strategic renovation program based on demonstrated rent premiums from renovations
Property Analytics
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 45211, OH
37,868
Population
17,169
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
4,208
Density / Sq Mi
$54,582
Median Household Income
$39,788
Median Earnings
$915
Median Rent
$156,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Condo-structured mid-rise multifamily with 30 units and recently renovated apartments, plus utility recovery and ancillary income opportunities.
Where is this apartment building located?
The property is located at 3840 Applegate Ave Cincinnati, OH.
What are key features of this property?
This property features: Dina Towers is a condo‑structured mid‑rise multifamily building with 30 condoized units in Cincinnati’s West Side submarket; Includes recently renovated units that are achieving rent premiums compared to unrenovated units; Opportunity to implement a strategic renovation program based on demonstrated rent premiums from renovations
