421 Southview Avenue, Cincinnati, OH 45219
MULTI_FAMILY - Cincinnati, OH
- Added:
- May 1, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 28 at 1:06 am
Property Features for 421 Southview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Vinyl Frames
- Patio and Porch features
- Porch, Deck
- Exterior features
- Porch, Covered Deck
- Standard status
- Active
- APN
- 098-0006-0039-00
- Size
- 2,276 SF
- Lot size
- 0.06 Acres
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Membrane, Shingle
Listing agent Garry Schloemer (513) 607-2015
Listing office Align Right Realty Infinity 7835 REMINGTON RD, Cincinnati, OH (513) 655-4277
Listing date May 1, 2026
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Student housing near University of Cincinnati; 0.4 miles to campus
- Two‑unit setup: 1x 1x1 and 1x 3x1
- 1x1 leased for 2026–2027 at $800/month; pro forma 2027–2028 at $975/month
- 3x1 for lease 2026–2027 at $1,800/month; pro forma 2027–2028 at $2,095/month
- Updates include shingle roof (2025), rubber membrane section (2021), two furnaces (2025 and 2023), vinyl siding (2026), and vinyl windows (2015)
- Utilities: owner pays water/sewer; tenant pays gas/electric; basement laundry
Overview
The property is located at 421 Southview Avenue in Cincinnati, Ohio, and is approximately 0.4 miles to the University of Cincinnati. Ownership expenses include water/sewer/trash, while tenants pay gas and electric.
For buyers seeking student housing, the unit mix provides flexibility with a smaller 1-bedroom option alongside a larger 3-bedroom layout. According to the provided remarks, Unit 2 is not currently leased for the 2026–2027 school year, which may allow for re-tenanting based on the upcoming school cycle. A pro forma is referenced for the 2027–2028 school year with monthly rent figures provided for each unit.
Local Financial Insights For Multifamily LT 5
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 | $29.0k | $12.72 |
| − Vacancy | −$1.7k | −$0.75 |
| EGI | $27.2k | $11.97 |
| − OpEx | −$8.2k | −$3.59 |
| NOI | $19.1k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.527442
- Latitude
- 39.126917
