Building Details

Building Size 5,350 SF

Year Built 1885

Listing Agency: RIOsource Group

Listed By: Douglas Klang Show Phone

Source: Thebrokerlist

Added: Aug 21 Changed: Oct 2 Last Checked: Oct 5 at 3:07PM

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Investment Insights

Based on property information with market context.

Built in 1885, this apartment building contains seven residential units arranged as six one-bedroom apartments and one studio. The varied floor plans provide a compact multifamily configuration within a single property, and the building is described as well-maintained.

The property is located at 300 Berry Ave in Bellevue, Kentucky, within a residential setting near local shops, dining, entertainment, and riverfront parks including Bellevue Beach Park. Downtown Cincinnati is described as just minutes away, connecting the property to additional employers, restaurants, and urban amenities.

Bellevue combines a neighborhood environment with nearby commercial and retail activity. The unit mix and location provide clear, property-specific fundamentals for evaluating this multifamily asset.

Key Highlights

• Seven‑unit apartment building at 300 Berry Ave, Bellevue, KY 41073
• Unit mix includes six one‑bedroom apartments and one studio
• Building constructed in 1885

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,440

Cap Rate

5.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$888,800 $888.8K

Cap Rate 7%

$634,857 $634.9K

Cap Rate 9%

$493,778 $493.8K

Market Conditions

NOI Build-Up for 5,350 SF

Gross rent

$88.6K $16.56/SF

− Vacancy

−$7.8K −$1.46/SF

EGI

$80.8K $15.10/SF

− OpEx

−$36.4K −$6.80/SF

NOI

$44.4K $8.31/SF

Area

Campbell County, KY

Vacancy

8.80%

Lease Rate

$16.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$888,800

Cap Rate 7%

$634,857

Cap Rate 9%

$493,778

Alternative Uses

Best Use

Apartment 5plus

$634.9K

$555.5K – $740.7K (±1% cap)

NOI $44,440 @ 7.0% cap · market cap 5.56%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,720 @ 7.0% cap · market cap 12.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store Plumbing Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

1,117

Businesses Nearby

Explore this area Business Placement

Demographics for 41073, KY

5,548

Population

2,915

Households

1.9

Avg Household Size

39

Median Age

43%

College-Educated

95%

High-School Grad

0.9 sq mi

ZIP Area

6,164

Density / Sq Mi

$67,143

Median Household Income

$48,250

Median Earnings

$1,124

Median Rent

$186,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Historic multifamily property offering six one-bedroom apartments and one studio near Bellevue’s shops, dining, and entertainment.

Where is this apartment building located?

The property is located at 300 Berry Ave Bellevue, KY.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Seven‑unit apartment building at 300 Berry Ave, Bellevue, KY 41073; Unit mix includes six one‑bedroom apartments and one studio; Building constructed in 1885