Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Multifamily Property in Cincinnati Title is generated by Realmo AI

    28 W 13th St, Cincinnati, OH 45202

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-end renovated units in Over-The-Rhine, next to Washington Park.

    Type:Multifamily
    Added:
    Feb 25, 2026
    Days on Market:
    77
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 28 W 13th St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Zak Smith

    Listing agent Zak Smith License #2022007316

    Listing office CBRE - Cincinnati

    Listing date Feb 25, 2026

    Source Crexi

    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 CBRE - Cincinnati

    HighLights

    • Prime location in Over‑The‑Rhine, next to Washington Park.
    • High‑end, fully renovated units.
    • Discounted price relative to replacement cost.
    • Opportunity to stabilize occupancy in a high demand area.
    • Potential for condo conversion.
    • Over $2M in recent capital expenditures (Capex).

    Overview

    Located next to Washington Park in Over-The-Rhine, this multifamily property features completely renovated, high-end units. The property is positioned in a sought-after location within a high barrier to entry market, presenting an opportunity to stabilize occupancy in a high-demand area. The buildings have historic designation. Over $2M in recent capital expenditures have been invested in the property. Condos of similar unit types have been selling at $205k for one-bedroom units and $313k for two-bedroom units. The property is offered at a discount to replacement cost and presents an opportunity to reduce expense load, with potential for condo conversion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.5140467
    Latitude
    39.1097492

    Nearby Similar for Sale

    • $940,000
      12,020 SF

      Spacious Office Building with Parking

      Over 10,000 SF office building with private parking.
      3751 Warsaw Avenue, Cincinnati, OH 45205
      View Details
    • $1.00
      2,232 SF

      Furnished Creative Office Suite

      High-end, move-in ready office in Cincinnati's East End.
      3251 Riverside Drive, Cincinnati, OH 45226
      View Details
    • $1.00
      3,779 SF

      Versatile Mixed-Use Building in Cincinnati

      Adaptable mixed-use building in a thriving Cincinnati location.
      1601 Dexter Avenue, Cincinnati, OH 45206
      View Details
    • $1,500,000

      Retail Building in Price Hill

      Two-story retail building with redevelopment potential and dedicated parking.
      3916 Glenway Avenue, Cincinnati, OH 45205
      View Details
    • $1.00
      10,788 SF

      Office Suites in St Bernard

      Small office suites available in St Bernard, Ohio.
      4903 Vine Street, St Bernard, OH 45217
      View Details
    • $390,000

      Iconic Cincinnati Commercial Property For Sale

      Commercial property with restaurant, homes, and income potential.
      6344 Gracely Drive, Cincinnati, OH 45233
      View Details
    • $375,000
      3,190 SF

      Cincinnati Multifamily Investment Opportunity

      Multifamily property with strong rental income and value-add potential.
      2342 Stratford Avenue, Cincinnati, OH 45219
      View Details
    • $1.00
      3,860 SF

      Commercial Space Near Convention Center

      Flexible commercial space with potential for multi-tiered hospitality experience.
      126 W Sixth Street, Cincinnati, OH 45202
      View Details
    • $399,900

      Hamilton Avenue Retail Redevelopment Opportunity

      Retail building in prime location for redevelopment in College Hill.
      5749 Hamilton Avenue, Cincinnati, OH 45224
      View Details
    • $559,000
      3,476 SF

      Historic Over-the-Rhine Tenement Building

      Rare opportunity to own a piece of Cincinnati history.
      1808 Vine Street, Cincinnati, OH 45202
      View Details
    • $1.00
      10,788 SF

      Office Suite in St Bernard

      2,000 SF office suite in a convenient location.
      4903 Vine Street, St Bernard, OH 45217
      View Details
    • $595,000
      3,025 SF

      Oakley Triplex Investment Opportunity

      Meticulously maintained triplex in Cincinnati's desirable Oakley neighborhood.
      4116 Ballard Avenue, Cincinnati, OH 45209
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-end renovated units in Over-The-Rhine, next to Washington Park.
    Where is this multifamily property located?
    The property is located at 28 W 13th St Cincinnati, OH.
    What are key features of this property?
    This property features: Prime location in Over‑The‑Rhine, next to Washington Park.; High‑end, fully renovated units.; Discounted price relative to replacement cost.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zak Smith
    Real Estate License ID: 2022007316
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28 W 13th St, Cincinnati, OH 45202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!