Student Housing
2720 Eden Avenue Cincinnati, OH 45219
2720 Eden Avenue, Cincinnati, OH, 45219
Contact for pricing
For Sale
Contact for pricing
Forty-five unit student housing portfolio near the University of Cincinnati, currently 94% occupied during renovation of one house.
Property Size52,060 SF
Price / SF$165.19
Days on Market77
Property Features for 2720 Eden Avenue
General Information
- Standard status
- Active
- Size
- 52,060 SF
- Property subtype
- Multifamily
Listing agency
Franklin Street
(513) 212-6335
Listed by
Joel Dumes · License #SAL.2003013045
Source
Crexi
Added: May 6 Updated: Jul 20 at 4:49PM Checked: Jul 20 at 4:49PM
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 Franklin Street
Investment Insights
Based on property information with market context.
The Bearcat Portfolio is a scattered site student housing portfolio consisting of 45 units and 119 bedrooms, currently housing 176 tenants. Historical occupancy has been close to 100%, and the portfolio is currently 94% occupied due to one house being renovated.
Properties are pedestrian to the University of Cincinnati, with most buildings concentrated along Eden Avenue and Bellevue Avenue, and one property located on W McMillan Street.
This offering is presented as 100 percent fee-simple interest in The Bearcat Portfolio, free and clear of any debt.
Properties are pedestrian to the University of Cincinnati, with most buildings concentrated along Eden Avenue and Bellevue Avenue, and one property located on W McMillan Street.
This offering is presented as 100 percent fee-simple interest in The Bearcat Portfolio, free and clear of any debt.
Key Highlights
- 45‑unit, 119‑bedroom student housing portfolio in Cincinnati near the University of Cincinnati
- Houses 176 total tenants with historically near 100% occupancy
- Currently 94% occupied due to one house being renovated
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $743.4k | $14.28 |
| − Vacancy | −$40.1k | −$0.77 |
| EGI | $703.3k | $13.51 |
| − OpEx | −$316.5k | −$6.08 |
| NOI | $386.8k | $7.43 |
52,060 SF · lease $14.28/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.53M
$4.84M – $6.45M
NOI $386,800 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.35M
$9.06M – $12.07M
NOI $724,415 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Forty-five unit student housing portfolio near the University of Cincinnati, currently 94% occupied during renovation of one house.
Where is this apartment building located?
The property is located at 2720 Eden Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $8,600,000.
What are key features of this property?
This property features: 45‑unit, 119‑bedroom student housing portfolio in Cincinnati near the University of Cincinnati; Houses 176 total tenants with historically near 100% occupancy; Currently 94% occupied due to one house being renovated
