Student Housing
For Sale
Contact for pricing
2720 Eden Avenue, Cincinnati, OH 45219
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 Market168
Property Features for 2720 Eden Avenue
General Information
Standard status
Active
Size
52,060 SF
Property subtype
Multifamily
Occupancy
94%
Net Operating Income
$626,295
Building Details
Buildings
18
Listing Agency:
Franklin Street
Listed By:
Joel Dumes · License #SAL.2003013045
(513) 212-6335
Source:
Crexi
Added: May 6
Changed: Oct 20
Last Checked: Oct 20 at 6:14PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$386,800
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,736,000
$7.7M
Cap Rate 7%
$5,525,714
$5.5M
Cap Rate 9%
$4,297,778
$4.3M
Market Conditions
NOI Build-Up for 52,060 SF
Gross rent
$743.4K $14.28/SF
− Vacancy
−$40.1K −$0.77/SF
EGI
$703.3K $13.51/SF
− OpEx
−$316.5K −$6.08/SF
NOI
$386.8K $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%
$7,736,000
Cap Rate 7%
$5,525,714
Cap Rate 9%
$4,297,778
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 authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
4,695
Businesses Nearby
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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
Frequently Asked Questions
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
