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Over-the-Rhine Multifamily Renovation Opportunity
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2035 Elm St, Cincinnati, OH 45202

Three-story multifamily building in Cincinnati's Over-the-Rhine neighborhood.

Property SizeContact for details
Days on Market176

Property Features for 2035 Elm St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: eXp Realty in Dayton
Listed By: Wasfi Samaan · License ##2020004277
Source: Crexi
Added: Feb 17 Changed: Aug 8 Last Checked: Aug 11 at 4:48PM

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 eXp Realty in Dayton

Investment Insights

Based on property information with market context.

This three-story multifamily building is located in the heart of Over-the-Rhine (OTR), a dynamic and walkable neighborhood in Cincinnati. The property is surrounded by restaurants, breweries, boutiques, and ongoing development. The building requires renovation and modernization, presenting a value-add opportunity. Featuring classic OTR architectural character, the asset is suitable for repositioning into market-rate apartments, boutique short-term rentals (subject to zoning), or a mixed-use concept depending on layout and approvals. The property is located steps from Washington Park, the streetcar line, and the Vine Street corridor, and benefits from rental demand and neighborhood appreciation. The location experiences heavy foot traffic and walkability, making it ideal for an experienced investor or redevelopment group.

Key Highlights

  • Prime Over‑the‑Rhine (OTR) location in a dynamic and walkable area.
  • Significant value‑add potential through renovation and modernization.
  • Ideal for repositioning into market‑rate apartments, short‑term rentals, or mixed‑use.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service HVAC Service Kitchen & Bath Showroom Auto Parts Store Accounting Firm Plumbing 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.

Location Intelligence

Trade Area within ½ mile

4,072
Businesses Nearby

Demographics for 45202, OH

16,883
Population
11,432
Households
1.5
Avg Household Size
34
Median Age
63%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
6,253
Density / Sq Mi
$87,930
Median Household Income
$63,901
Median Earnings
$1,524
Median Rent
$444,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story multifamily building in Cincinnati's Over-the-Rhine neighborhood.
Where is this apartment building located?
The property is located at 2035 Elm St Cincinnati, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime Over‑the‑Rhine (OTR) location in a dynamic and walkable area.; Significant **value‑add potential through renovation and modernization.**; Ideal for repositioning into market‑rate apartments, short‑term rentals, or mixed‑use.
More about this property
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