All-Studio Apartment
For Sale
$590,000
3331 Parkcrest Ln, Cincinnati, OH 45211
Brick multifamily property with surface parking and walkable access to major retail along Cincinnati’s Glenway Avenue corridor.
Property Size5,772 SF
Days on Market9
Property Features for 3331 Parkcrest Ln
General Information
Standard status
Active
Size
5,772 SF
Property subtype
Multifamily
Occupancy
91%
Financials
Cap Rate
6.5%
Average Monthly Rent
$655
Units
Unit Mix
10 x studio, 1 x studio
Multifamily Units
11
Amenities
Well-maintained 11-unit asset with long-term ownership since 2011
Clear rent-growth opportunity with average in-place rents of approximately $655 compared with nearby comparable rents of $750
Efficient all-studio unit mix featuring ten approximately 400-square-foot units and one 550-square-foot unit, along with off-street parking, central boiler heat, and through-wall air conditioning
Major capital improvements recently completed, including a full flat-rubber roof replacement in 2026 and gas-fired central boiler replacement in 2025
Located directly behind the Glenway Avenue retail corridor and within walking distance of Kroger, Target, Home Depot, and Planet Fitness
Building Details
Building Size
5,772 SF
Year Built
1966
Units
11
Construction
all-brick
Listing Agency:
Cincinnati Office
(513) 878-7735
Listed By:
Jordan Dickman · License #License(s): OH: SAL.2014001272
(513) 878-7735
Source:
Marcusmillichap
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 4:10AM
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 Cincinnati Office
Investment Insights
Based on property information with market context.
This 11-unit apartment property at 3331 Parkcrest Lane in Cincinnati’s Westwood neighborhood was constructed in 1966 and features an all-studio layout. The unit mix includes ten approximately 400-square-foot apartments and one approximately 550-square-foot apartment, with off-street surface parking. The all-brick building has a flat-rubber roof installed in 2026 and a gas-fired central boiler replaced in 2025.
The property was 90.9% occupied as of August 10, 2026, with 10 of 11 units occupied. Eight leases expire by May 2027, creating scheduled rollover across much of the unit base. Walkable retail access includes Kroger, Target, Home Depot, Planet Fitness, and the Glenway Avenue retail corridor. The property is located in Hamilton County and carries a 6.50% cap rate.
The property was 90.9% occupied as of August 10, 2026, with 10 of 11 units occupied. Eight leases expire by May 2027, creating scheduled rollover across much of the unit base. Walkable retail access includes Kroger, Target, Home Depot, Planet Fitness, and the Glenway Avenue retail corridor. The property is located in Hamilton County and carries a 6.50% cap rate.
Key Highlights
- 11‑unit all‑studio apartment property at 3331 Parkcrest Ln, Cincinnati, OH 45211
- Ten approximately 400‑square‑foot studios and one approximately 550‑square‑foot studio
- 90.9% occupancy with 10 of 11 units occupied as of August 10, 2026
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
90.9%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,214
Businesses Nearby
Explore this area
Business Placement
Demographics for 45211, OH
37,868
Population
17,169
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
4,208
Density / Sq Mi
$54,582
Median Household Income
$39,788
Median Earnings
$915
Median Rent
$156,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with surface parking and walkable access to major retail along Cincinnati’s Glenway Avenue corridor.
Where is this apartment building located?
The property is located at 3331 Parkcrest Ln Cincinnati, OH.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 11‑unit all‑studio apartment property at 3331 Parkcrest Ln, Cincinnati, OH 45211; Ten approximately 400‑square‑foot studios and one approximately 550‑square‑foot studio; 90.9% occupancy with 10 of 11 units occupied as of August 10, 2026
