Renovated 4-Unit
For Sale
Contact for pricing
130 GLENRIDGE PL, Cincinnati, OH 45217
Fully occupied apartment property with updated interiors, replacement windows, and separately metered tenant utilities.
Property Size2,772 SF
Price / SF$144.30
Days on Market108
Property Features for 130 GLENRIDGE PL
General Information
Standard status
Active
Size
2,772 SF
Class
C
Total Parking Spaces
4
Property subtype
Retail, Multifamily
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1946
Year Renovated
2023
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Robert Louis Group
Listed By:
David Hornberger · License #OH 2013000574
Source:
Crexi
Added: Jul 5
Changed: Oct 8
Last Checked: Oct 20 at 7:41PM
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 Robert Louis Group
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Investment Insights
Based on property information with market context.
Located at 130 Glenridge Pl in Cincinnati, Ohio, this four-unit apartment building was built in 1946 and has undergone substantial renovation. Each residence includes two bedrooms and one bathroom, creating a consistent unit layout throughout the property. Improvements include a new roof, renovated apartments, replacement windows, and new main sewer lines.
The building is 100% occupied. Residents pay their own heat, gas, and electric expenses, while the landlord pays for water. The property offers a straightforward four-unit configuration with consistent apartment plans and recently completed building-system updates.
The building is 100% occupied. Residents pay their own heat, gas, and electric expenses, while the landlord pays for water. The property offers a straightforward four-unit configuration with consistent apartment plans and recently completed building-system updates.
Key Highlights
- Four apartment units, each with 2 bedrooms and 1 bathroom
- 100% occupied
- New roof, renovated units, and replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,226
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,520
$464.5K
Cap Rate 7%
$331,800
$331.8K
Cap Rate 9%
$258,067
$258.1K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$35.3K $12.72/SF
− Vacancy
−$2.1K −$0.75/SF
EGI
$33.2K $11.97/SF
− OpEx
−$10.0K −$3.59/SF
NOI
$23.2K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,520
Cap Rate 7%
$331,800
Cap Rate 9%
$258,067
Alternative Uses
Best Use
Multifamily LT 5
$331.8K
$290.3K – $387.1K
NOI $23,226 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$294.2K
$257.5K – $343.3K
NOI $20,596 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$551.0K
$482.2K – $642.9K
NOI $38,572 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Explore this area
Business Placement
Demographics for 45217, OH
6,177
Population
2,852
Households
2.2
Avg Household Size
39
Median Age
34%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
2,808
Density / Sq Mi
$67,974
Median Household Income
$45,789
Median Earnings
$923
Median Rent
$149,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied apartment property with updated interiors, replacement windows, and separately metered tenant utilities.
Where is this quadplex located?
The property is located at 130 GLENRIDGE PL Cincinnati, OH.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Four apartment units, each with 2 bedrooms and 1 bathroom; 100% occupied; New roof, renovated units, and replacement windows
