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Mixed-Use Building with Apartments

5145 Carthage Avenue, Norwood, OH 45212

For Sale
$265,000

Three one-bedroom units are paired with ground-floor business space, supporting a combination of residential and commercial occupancy.

Property SizeContact for details
Days on Market186

Property Features for 5145 Carthage Avenue

General Information

Standard status Active
Property subtype Multi Family Home

Units

Unit Mix 3 x 1BR
Multifamily Units 3

Additional Details

Mixed-Use Components retail, residential
Tenant in Place Yes

Building Details

Year Built 1900
Units 4
Listing Agency: Keller Williams Seven Hills Re
Listed By: Judy L. Dause
Source: Galbraithrealtors
Added: May 7 Changed: Nov 7 Last Checked: Nov 7 at 4:22PM

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 Keller Williams Seven Hills Re

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines ground-floor commercial space with three one-bedroom apartments. The commercial area was previously used as a barber and beauty shop. Two apartments have long-term tenants, while one apartment is available. The building was constructed in 1900 and is Section 8 approved.

Located at 5145 Carthage Avenue in Norwood, the property offers a commercial and residential configuration at one address.

Key Highlights

  • Three one‑bedroom apartments above ground‑floor commercial space
  • Two apartments have long‑term tenants; one apartment is available
  • Section 8 approved

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Law Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,191
Businesses Nearby

Demographics for 45212, OH

21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,915
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value

Market

Properties on Market for Mixed-use properties in Hamilton County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three one-bedroom units are paired with ground-floor business space, supporting a combination of residential and commercial occupancy.
Where is this mixed-use property located?
The property is located at 5145 Carthage Avenue Norwood, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three one‑bedroom apartments above ground‑floor commercial space; Two apartments have long‑term tenants; one apartment is available; Section 8 approved
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