11-Unit Loft Apartment
New
For Sale
$2,400,000
13 E University Avenue, Cincinnati, OH 45219
Two neighboring buildings offer varied apartment layouts with laundry available in-unit and on site.
Property Size13,073 SF
Price / SF$183.58
Days on Market7
Property Features for 13 E University Avenue
General Information
Standard status
Active
Size
13,073 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Sibcy Cline, Inc. (513-777-8100)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 7:07PM
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 Sibcy Cline, Inc. (513-777-8100)
Investment Insights
Based on property information with market context.
This 11-unit apartment property consists of two neighboring, updated buildings with loft-style residences in a mix of sizes. Laundry is available inside units and on site, and a 12-space parking lot serves the property. The buildings date to 1900.
The property is near campus, Nippert Stadium, Bogart's, coffee shops, and pubs. Its configuration combines two buildings, varied apartment layouts, laundry options, and on-site parking.
The property is near campus, Nippert Stadium, Bogart's, coffee shops, and pubs. Its configuration combines two buildings, varied apartment layouts, laundry options, and on-site parking.
Key Highlights
- 11 apartments across two neighboring buildings
- Updated loft‑style apartments with a mix of unit sizes
- Laundry available in‑unit and on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,131
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,620
$1.9M
Cap Rate 7%
$1,387,586
$1.4M
Cap Rate 9%
$1,079,233
$1.1M
Market Conditions
NOI Build-Up for 13,073 SF
Gross rent
$186.7K $14.28/SF
− Vacancy
−$10.1K −$0.77/SF
EGI
$176.6K $13.51/SF
− OpEx
−$79.5K −$6.08/SF
NOI
$97.1K $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%
$1,942,620
Cap Rate 7%
$1,387,586
Cap Rate 9%
$1,079,233
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,131 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,911 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 45219, OH
20,644
Population
8,023
Households
2.6
Avg Household Size
25
Median Age
50%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
12,903
Density / Sq Mi
$35,936
Median Household Income
$12,462
Median Earnings
$1,166
Median Rent
$222,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two neighboring buildings offer varied apartment layouts with laundry available in-unit and on site.
Where is this apartment building located?
The property is located at 13 E University Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 11 apartments across two neighboring buildings; Updated loft‑style apartments with a mix of unit sizes; Laundry available in‑unit and on site
